Cerrado Gold: Micon Serra Alta
Mineral Resource Estimate Report
April 3 2019
Please see attached Micon International Limited’s CERRADO GOLD INC.: “A MINERAL RESOURCE ESTIMATE FOR THE SERRA ALTA DEPOSIT AT THE MONTE DO CARMO PROJECT, TOCANTINS STATE, BRAZIL” Report dated April 3, 2019.
It is a comprehensive report that highlights the potential for Cerrado’s Serra Alta deposit and touches upon the potential for numerous other analogous potential deposits.
To remind you, we have prepared a 31,000 meter drill program over 4 areas, with Serra Alta being the focus, targeting over 2 million ounces.
This program will take approximately 6 months to drill and will take a further 2 months to complete a new 43-101 Resource Report.
We are quite confident in our line of sight to 2 million ounces and are still of the mind that Cerrado’s 36,000 hectare Monte do Carmo exploration concession can yield between 5-10 million high grade, open pit ounces over the medium term.
We have multiple potential funding partners who are currently undertaking extensive due diligence.
We are hopeful that we will have our funding program in place soon to execute the drill program above.
Thanks again for your support.