PRESS RELEASE

Cerrado Gold Update

October 29, 2018

We have now received the last assays from our drill program (hole 84) that we hope to include in our NI 43-101 Resources Report that Terry Hennessey at Micon is preparing.

 

We expect the Micon resources model to be completed by mid to end November.

 

As can be seen by the attached presentation (page 10), our internal model is showing the Serra Alta deposit to host  1,051,830 ounces at a grade of 1.48 g/t and 878,700 ounces at a grade of 2.40 g/t (so far!).

 

This is quite exceptional given that there has been less than 20,000 metres drilled on the property over its history and second that there is every indication that there is scope for significant future growth.

 

We will keep you posted as we make progress.

Link to Presentation

 

Best,

MB

 

 

Mark Brennan

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