|
Getting your Trinity Audio player ready...
|
Any investor who may be interested in gold stocks at this point could consider taking a closer look at Cerrado Gold Inc (CERT.V) (OTCQX:CRDOF). On July 10 the company announced that it poured its first gold from the new heap leach gold production project at Las Calandrias zone in Argentina.
The company also announced at the time that the stacking and mining operations were at planned levels. The company further announced that gold production was going to rise steadily once the retention period for the stacked ore was hit. That would allow the project to hit design capacity during the first fiscal quarter of the year.
Additionally Cerrado Gold also announced on the same day that it was in the concluding stages of the feasibility study related to the Serra Alta deposit situated at the Morte Do Carmo project. The project is situated in Tocantins in Brazil. In collaboration with the consultants, the team involved with the project was engaged in final optimizations, sequencing of the mine plan, and design tradeoffs at the time. Cerrado Gold confirmed that it expected the feasibility study to be completed imminently.
The Chairman and Chief Executive Officer of the company Mark Brennan spoke about the development as well. He noted that the pouring of the first gold was a significant milestone for the company and was an indication of the sort of hard work that had been put in by the team. It was a continuation of the company’s growth strategy in Argentina, he added.