PA_RC23-123: 12m @ 122.2 g/t Au from 109m; including:

3m at 429.1 g/t Au from 109m

Application for permits for Paloma Underground mine development initiated with filing of EIA and design works commenced

Calandrias Norte Open Pit stripping underway

Calandrias Sur Heap Leach project ramp up continues

TORONTO, ON / ACCESSWIRE / September 11, 2023 / Cerrado Gold Inc. (TSX.V:CERT)(OTCQX:CRDOF) ("Cerrado" or the "Company") is pleased to announce the highest grade intercept ever reported at its Minera Don Nicolas operation in Santa Cruz, Argentina ("MDN"). RC Hole PA_RC23-123 intercepted outstanding results from 109m of 12m (apparent width) at 122.2 g/t gold, including 3m at 429.1 g/t from 109m. This intercept ranks within the top best metal content (linear grade: m* Au g/t) in MDN's all-time exploration drilling results. Additionally, 3 other relevant intercepts at 126m (2m at 2.9 g/t Au), 132m (1m at 2.4 g/t Au) and 142m (2m at 4.2 g/t Au) are interpreted as high grade cores along parallel structures.

Hole PA_RC23-123 (Figures 1. and 2.) was collared approximately 150m to the west of MDN's operating high grade Chulengo pit. The hole was collared to target the extension of Chulengo's first order controlling structure. This West/Southwest trend can be traced on surface following intense hydrothermal alteration along a strike length of over 650m. The Chulengo high grade pit is located on the eastern edge of the trend, and the Baritina high grade pit sits 200m north of the western edge of the trend. The Company is immediately following up with additional holes in the area.

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https://www.cerradogold.com/news/cerrado-intercepts-bonanza-gold-grades-of-122-2-g-t-au-over-12-meters-at-its-minera-don-nicolas-project/