Cerrado Gold has poured its first gold from its new heap leach gold production project at the Las Calandrias area in Argentina.
Mining and stacking operations are at planned capacity, and gold production is expected to steadily increase as the retention period for the stacked ore is reached, allowing the project to reach design capacity during the third quarter of this year.
The company added it is in the final stages of completing its feasibility study for the Serra Alta deposit at the Monte Do Carmo (MDC) project in Tocantins, Brazil. Together with its consultants, the project team are conducting final optimizations, design trade-offs and sequencing of the mine plan and we expect to complete the feasibility shortly.
“This [first pour] represents a significant milestone for Cerrado as we continue to deliver on our production growth strategy in Argentina,” said CEO and chairman Mark Brennan.
“In Brazil, as we near the completion of the study phase, we continue to be confident that the MDC project will be a very robust project which should position Cerrado for a period of rapid growth.”
Toronto-based Cerrado Gold is the 100% owner of both the Minera Don Nicolás and Las Calandrias mines as well as Monte Do Carmo development project. In Canada, Cerrado is developing its 100% owned Mont Sorcier iron ore and vanadium project located outside of Chibougamou, Quebec.
Source: www.cerradogold.com