Cerrado Gold Introduces Gold Production Growth Strategy and Provides Update from Its 2021 Exploration Program at Its Minera Don Nicolás Gold Project in Argentina
Dual Stream Production Strategy to add lower grade stream to existing high-grade stream and expected to deliver production of approximately 70,000 ounces of gold ("oz Au") per annum by Q1 2023 and increase gold production capacity up to 90,000 oz Au by late 2023High grade material (cut-off grade of +1.6 grams per tonne gold; "g/t Au") to be processed through current CIL plant anticipated to deliver 40,000-50,000 oz Au per annumLower grade material (cut-off grade of +0.3 g/t Au) to...
2022-02-09 6:00 AM EST
Cerrado Gold Reports After Tax NPV5% of US$617 Million with IRR of 94.8% in Its Updated Preliminary Economic Assessment at Its Monte do Carmo Gold Project in Brazil
Highlights:Average annual gold production of 149,000 ozs over first 5 years and 131,000 ozs over LOM 8 years Annual Average Free cash flow of US$150 million over the first 5 yearsTotal cumulative, after tax, free cash flow estimated US$901 million over 8 yearsAverage AISC of US$431/oz over the first 5 years Low Initial Capex of US$126 million (including US$25 million contingency)Payback of 1.3 yearsFurther upside potential from continued exploration drilling & resource expansionDevelopment...
2021-08-23 5:06 PM EDT
Cerrado Gold Reports New Mineral Resource for Its Serra Alta Deposit, Tocantins State, Brazil
Inferred gold ouncesExpanded Resource to be Used to Deliver New Preliminary Economic Assessment in the coming weeksToronto, Ontario--(Newsfile Corp. - August 4, 2021) - Cerrado Gold Inc. (TSXV: CERT) (OTCQX: CRDOF) ("Cerrado" or the "Company") is pleased to announce an updated mineral resource prepared by Micon International Limited at the Serra Alta deposit within its Monte do Carmo Gold Project in the State of Tocantins, Brazil. The update integrated...
2021-08-04 6:00 AM EDT
Cerrado Gold Intercepts 41.65m at 2.51g/t Au, 10.8m at 2.83g/t Au, 4.23m at 17.22g/t and 18.8m at 3.4g/t Au from Its Phase 2 District Drilling Program at Monte Do Carmo Project in Brazil
Current program targeting extension within Serra Alta deposit and other district targets in Monte Do Carmo.Results include mineralized lateral step outs in the Eastern Sector of Serra Alta beyond the current extent of the high-grade domain.Drilling underway at the Capitao and Fartura regional satellite targets.Toronto, Ontario--(Newsfile Corp. - July 14, 2021) - Cerrado Gold Inc. (TSXV: CERT) ("Cerrado" or the "Company") is pleased to announce further assay results from its Phase 2 drill...
2021-07-14 5:00 PM EDT
Cerrado Gold Provides Update of Its near Mine Exploration Program and the New Antena Discovery at Its Minera Don Nicolas Project in Argentina
Rocio highlight near mine high grade zonesNew discovery of the Antena Vein SystemTrench results from Chulengo and Araña target provide details for drilling targets Toronto, Ontario--(Newsfile Corp. - July 7, 2021) - CERRADO GOLD (TSXV: CERT) ("Cerrado" or the "Company") is pleased to announce the results from a further nineteen drill holes (totalling 2,868 m) from its ongoing 12,000-metre exploration drill program at its Minera Don Nicolás Project ("Minera Don Nicolás" or the "MDN Project")...
2021-07-07 6:00 AM EDT
Cerrado Gold Reports First Quarter Results Highlighting Improved Operational Performance at Minera Don Nicolas Despite Ongoing Restrictions, and Strong Exploration Results at Serra Alta and Minera Don Nicolas to Expand Resources
Toronto, Ontario--(Newsfile Corp. - May 28, 2021) - Cerrado Gold Inc. (TSXV: CERT) ("Cerrado" or the "Company") is pleased to announce its operational and financial results for the first quarter of 2021 ("Q1/21"). These financial results are reported and available on SEDAR as well as on the company website (www.cerradogold.com).Q1 Operational HighlightsGold production reported at 7,485 ounces for Q1 2021, a 45% improvement over Q4/20 production of 5,168 ouncesMonthly gold production has...
2021-05-28 7:00 AM EDT
Cerrado Gold Intercepts 118 g/t Gold over 2.65 Metres Including 566 g/t Gold over 0.55 Metres at Its Minera Don Nicolas Gold Project in Argentina
Toronto, Ontario--(Newsfile Corp. - May 6, 2021) - CERRADO GOLD (TSXV: CERT) ("Cerrado" or the "Company") is pleased to announce the results from fourteen drill holes from its ongoing 12,000-metre exploration drill program at the Chulengo target, at its Minera Don Nicolás Project ("Minera Don Nicolás" or the "MDN Project") located in Santa Cruz province, Argentina. The focus for the current 12,000-metre exploration program is to delineate new, high grade, near surface mineralization that can...
2021-05-06 6:30 AM EDT
Cerrado Gold Reports Successful Completion of Its Phase I Drill Program at Its Monte Do Carmo Project in Brazil
Results of the Drill Program expected to support original target of 1.2 - 1.6 million ounces at the Serra Alta Deposit New Mineral Resource Estimate targeted for late June and new Preliminary Economic Assessment for end of JulyToronto, Ontario--(Newsfile Corp. - April 22, 2021) - Cerrado Gold Inc. (TSXV: CERT) ("Cerrado" or the "Company") is pleased to announce that is has completed its Phase I Drill program of exploration and infill definition drilling at the Serra Alta deposit,...
2021-04-22 6:30 AM EDT
Cerrado Gold Intercepts 7.8 g/t Gold over 16 Metres Including 10.7 g/t Gold over 11 Metres at Its Minera Don Nicolas Gold Project in Argentina
Toronto, Ontario--(Newsfile Corp. - March 30, 2021) - CERRADO GOLD (TSXV: CERT) ("Cerrado" or the "Company") is pleased to announce the results of a further seven drill holes from its 12,000-metre exploration drill program at the Baritina target, at its Minera Don Nicolás Project ("Minera Don Nicolás" or the "MDN Project") located in Santa Cruz province, Argentina. The focus for the current 12,000-metre exploration program is to delineate new, high grade, near surface mineralization that can...
2021-03-30 6:30 AM EDT
Cerrado Gold Intercepts 17.9 g/t Gold over 17 Metres Including 36.9 g/t Gold over 6.5 Metres at Its Minera Don Nicolas Gold Project in Argentina
Toronto, Ontario--(Newsfile Corp. - March 15, 2021) - CERRADO GOLD (TSXV: CERT) ("Cerrado" or the "Company") is pleased to announce the results from its first drill hole from its 12,000-metre exploration drill program starting at the Baritina Target, at its Minera Don Nicolás Project ("Minera Don Nicolás" or the "MDN Project") located in Santa Cruz province, Argentina. The focus for the current 12,000-metre exploration program is to delineate new, high grade, near surface mineralization that...
2021-03-15 6:30 AM EDT
RETRANSMISSION: Cerrado Gold Reports True Thickness of 42 Metres at 1.82 g/t Au and 14 Metres at 5.98 g/t Au and 2 Metres at 37.85 g/t Au from Its Ongoing Phase I Drill Program at Its Monte Do Carmo Project in Brazil
Toronto, Ontario--(Newsfile Corp. - February 25, 2021) - Cerrado Gold Inc. (TSXV: CERT) ("Cerrado" or the "Company") is very pleased to announce additional drill results from a further six drill holes from its ongoing 17,000-metre definition drilling p
2021-02-25 9:42 AM EST
Cerrado Gold Reports True Thickness of 42 Metres at 1.82 g/t Au and 14 Metres at 5.98 g/t Au and 2 Metres at 37.85 g/t Au from Its Ongoing Phase I Drill Program at Its Monte Do Carmo Project in Brazil
CERT.Toronto, Ontario--(Newsfile Corp. - February 24, 2021) - Cerrado Gold Inc. (TSXV: CERT) ("Cerrado" or the "Company") is very pleased to announce additional drill results from a further six drill holes from its ongoing 17,000-metre definition drilling program at the Serra Alta deposit, at its...
2021-02-24 4:04 PM EST
BB1 Acquisition Corp. Announces Name Change, Share Consolidation and Completion of Qualifying Transaction to Acquire Cerrado Gold Inc.
Toronto, Ontario--(Newsfile Corp. - February 22, 2021) - BB1 Acquisition Corp. (TSXV: CERT) (the "Resulting Issuer") is pleased to announce the completion of its qualifying transaction (the "Transaction") pursuant to Policy 2.4 - Capital Pool Companies of the TSX Venture Exchange (the "TSXV"). In accordance with the previously announced definitive agreement dated November 29, 2020, 2787735 Ontario Inc., a wholly-owned subsidiary of the Resulting Issuer, merged with Cerrado Gold Inc....
2021-02-22 6:30 AM EST
BB1 Acquisition Corp. Announces Dividend-in-Kind of Units of PlantExt Ltd.
Toronto, Ontario--(Newsfile Corp. - February 17, 2021) - BB1 Acquisition Corp. (TSXV: BBA.P) ("BB1" or the "Corporation") announces that its board of directors has declared a dividend-in-kind (the "Dividend") of 9.2 million units of PlantExt Ltd. ("PlantExt") held by BB1 ("PlantExt Units") pro rata to the holders of record of outstanding common shares in the capital of BB1 (the "Recipient Shareholders") as of February 18, 2021 (the "Record Date"). The Dividend will be payable upon the earlier...
2021-02-17 6:18 PM EST
BB1 Acquisition Corp. Announces Update to Qualifying Transaction with Cerrado Gold Inc.
Toronto, Ontario--(Newsfile Corp. - December 2, 2020) - BB1 Acquisition Corp. (TSXV: BBA.P) ("BB1" or the "Corporation") is pleased to announce that the TSX Venture Exchange (the "TSXV") has conditionally approved its proposed business combination (the "Transaction") with Cerrado Gold Inc. ("Cerrado"), which will constitute the Corporation's "Qualifying Transaction" pursuant to the policies of the TSXV, as such term is defined in defined by TSXV Policy 2.4 - Capital Pool Companies. BB1 is...
2020-12-02 10:28 PM EST
BB1 Acquisition Corp. Annual and Special Shareholders Meeting Update
Toronto, Ontario--(Newsfile Corp. - November 20, 2020) - BB1 Acquisition Corp. (TSXV: BBA.P) ("BB1" or the "Corporation"), announces that due to the restrictions and guidelines on public gatherings just issued this afternoon by the Ontario government, the Corporation will be hosting its annual and special meeting of shareholders (the "Meeting") this coming Monday November 23, 2020 at 10 a.m. (EST) virtually. Any shareholder who wishes to attend the Meeting may only attend virtually by...
2020-11-20 6:53 PM EST
BB1 Acquisition Corp. and Cerrado Gold Inc. Announce Closing of the Second and Final Tranche of Special Warrant Offering for Gross Proceeds of US$1,724,000
Toronto, Ontario--(Newsfile Corp. - September 14, 2020) - BB1 Acquisition Corp. (TSXV: BBA.P) (the "Company" or "BB1") and Cerrado Gold Inc. ("Cerrado") are pleased to announce that Cerrado has completed the second and final tranche of a brokered private placement of special warrants ("Special Warrants") for aggregate gross proceeds of approximately US$1,724,000. Total funds raised under the first and second tranche of the Cerrado placement (the "Offering") were US$7,076,600. Haywood...
2020-09-14 7:00 AM EDT
BB1 Acquisition Corp. and Cerrado Gold Inc. Announce Closing of First Tranche of Special Warrant Offering for Gross Proceeds of Us$5,352,000
Toronto, Ontario--(Newsfile Corp. - August 27, 2020) - BB1 Acquisition Corp. (TSXV: BBA.P) (the "Company" or "BB1") and Cerrado Gold Inc. ("Cerrado") are pleased to announce that Cerrado has completed a first tranche of a brokered private placement (the "Offering") of special warrants ("Special Warrants") for aggregate gross proceeds of approximately US$5,352,000. Haywood Securities Inc. (the "Agent") acted as sole agent in the Offering. The Offering has been completed in connection with the...
2020-08-27 3:48 PM EDT
BB1 Acquisition Corp. Announces Proposed Qualifying Transaction with Cerrado Gold Inc.
Toronto, Ontario--(Newsfile Corp. - August 4, 2020) - BB1 Acquisition Corp. (TSXV: BBA.P) ("BB1" or the "Company"), a capital pool company, and Cerrado Gold Inc. ("Cerrado") are pleased to announce that they have entered into a binding Letter of Intent, dated August 4, 2020 (the "LOI"), which sets forth the general terms and conditions of a proposed transaction (the "Transaction") pursuant to which BB1 will acquire all of the issued and outstanding shares of Cerrado. The Transaction will...
2020-08-04 5:49 PM EDT
BB1 Acquisition Corp. Announces Termination of Proposed Qualifying Transaction with PlantExt Ltd.
Toronto, Ontario--(Newsfile Corp. - January 24, 2020) - BB1 Acquisition Corp. (TSXV: BBA.P) ("BB1" or the "Corporation"), a capital pool company, announces the termination of its proposed three-cornered amalgamation (the "PlantExt Transaction") with PlantExt Ltd. ("PlantExt"). The PlantExt Transaction, first announced by the Corporation on January 24, 2019, was intended to constitute BB1's "Qualifying Transaction" as such term is defined in Policy 2.4 of the TSX Venture Exchange ("TSXV" or...
2020-01-24 9:27 AM EST