- Adding three new drilling rigs to accelerate and expand the intelligence program after positive initial results
- The study budget will significantly increase
- MDN will confirm its laboratory on the spot for the immediate turn of the analysis results
Toronto, September 30, 2025 (Globe Newswire) – Cerrado Gold Inc. [TSX.V:CERT][OTCQX:CRDOF; FRA:BAI0] (“”SerradoOr “Company») Announces that the company revised its reconnaissance plans to accelerate the previously declared reconnaissance program for 20,000 meters on its gold mine minra Don Nicolas (” MDN “). The company plans to add three additional drilling rigs (two diamonds and one RC) in its severity with diamonds aimed at accelerating and expanding the current program and allowing training for many high quality goals.
It is expected that the total volume of the program will increase significantly to about 50,000 meters in 2026. In addition, in order to speed up the end of the analysis and turn the time around, the company takes steps to certify its laboratory on the spot. The company expects that intelligence results are produced in parties to ensure increased clarity and determination with results. The company is still focused on expanding the service life of the mine and potentially increasing production levels in MDN over the next year.
Operations on the spot are performed well and correspond to expectations, the benefits of new investments in mining equipment (new trucks and auxiliary equipment) to increase higher ore rates delivered to the Leach lining at a speed of 300,000 TPM to achieve planned production rates. In addition, underground development progresses well, and now three access portals are opening. The initial underground ore of a higher class feeds on the mill, albeit in modest quantities, to mix with reserves of the lower class. It is expected that the bulk of the high -class underground ore in 2025 will be mined at the end of the fourth quarter in accordance with the current mine plan. It is expected that intelligence underground will also begin in the coming months after the completion of sufficient development.
Mark Brennan, General Director and Chairman of Cerrado Gold, commented, “After the internal review of the significant potential of high -quality intelligence goals in MDN and the progress that makes the current intelligence program, we decided to speed up and expand the training program using additional drilling rigs. There is also the opportunity to speed up the intelligence process by confirming our laboratory on the spot to expand the turn in the results of the analysis even more. ”
He continued “We are observing a significant shift in operations in MDN, since we have a strong base for sequential production and the service life of the mine, with numerous high -quality opportunities for expanding both.
The company also announces that in accordance with the regulatory requirements that it has released 8,314,997 units with a limited share (“RSU”) and 100,000 options for buying shares (“options”) for suitable participants in accordance with its changed and revised stimulation plan. RSU will stretch for twelve months and expire on December 15, 2028. The options have a performance price of $ 1.27, and immediately expires on September 30, 2028.
About Serrado
Cerrado Gold is a company for the production, development and intelligence based in Toronto. The company is a 100% owner of the Minera Don Nicolás performance and Las Caladrias mine in the province of Santa -Krru, Argentina. In Portugal, the company has an 80% share in a very promising VMS Lagoa Salgada project as part of its position in Redcorp – EmpreEndimentos Mineiros, LDA. In Canada, Cerrado Gold is developing its 100% project Mont Sorcier Iron, located outside Chibugam, Quebec.
In Argentina, Cerrado maximizes the value of assets in his work Minera Don Nicolas through constant operational optimization and grows production due to its activities in the Las Caladrias Heap Leach project. An extensive reconnaissance campaign continues in order to further unlock potential resources in our very prospective land package in the heart of Deseado Masiff.
In Portugal, Serrado focused on the exploration and development of a very promising Lagoa Salgada VMS project, located on a fruitful Iberian pyrite belt in Portugal. The Lagoa Salgada project is a high -class polymetallic project demonstrating the typical mineralization fund of zinc, copper, lead, tin, silver and gold. Extensive intelligence of the potential of growth potential lies both near the deposit and for prospective purposes that reach a large concession on real estate 7209 hectares. Located only 80 km from Lisbon and surrounded by exceptional infrastructure, Lagoa Salgada offers an inexpensive passage for the significant possibility of reconnaissance and development, already demonstrating its sufficient potential and potential for generating cash flows.
In Canada, Cerrado is 100% interest in the Mont Sorcier Iron project, which can potentially produce a premium iron concentrate for a long service life of mines at low operating costs and low capital. In addition, its product of high and high purity facilitates the migration of manufacturers from blasting furnaces into electric arc furnaces, contributing to the decarbonization of the industry and achieving sustainable development goals.
To receive additional information about Serrado, please visit our website at: www.cerradogold.comField
Mark Brennan
General Director and Chairman
Mike Macallisters
Vice -President of Relations with Investors
Tel: +1-647-805-5662
[email protected]
Refusal of responsibility
Neither the TSX Venture Exchange, nor its provider of regulation services (how this term is determined in the TSX Venture Exchange policy) is not responsible for the adequacy or accuracy of this release.
This press release contains statements that make up “information about the perspective” (in the aggregate of “forecast statements”) in the meaning of the applicable legislation on Canada securities. All statements, except for statements of the historical fact, are forecast statements and are based on expectations, estimates and forecasts for the date of this press release. Any Statement That Discusses Predictions, Expectations, Beliefs, Plans, Projections, Objectives, Assumptions, Future Events Orment (Offten But Not Alway USING PHRASS SUCH AS “Expects”, or “DOES not Expect”, “IS Expected”, “Anticipates” or “Does not anticipate”, “Plans”, “Budget”, “Schederled”, “Forecasts”, “Forecasts”, “ “Estimates”, “Believs” or “Intends” or Varis of Such Words and Phrases Or the assertion that certain actions, events or results “can” or “can”, “will be”, “can” or “will” to arise or achieve) are not statements of historical fact and may be promising statements.
Applications on the prospects contained in this press release include, without restrictions, statements regarding the business and operations of CERBy making statements that this press release contains in this press release, Cerrado made certain assumptions, including the volume and expected results of his intelligence program, the ability of the laboratory to certify the results of the analysis more efficiently than the third party laboratory, the probability of detection and a higher assessment. Although inErrado believes that the expectations reflected in forecast statements are reasonable, this may not give confidence that the expectations of any forecast statements will be correct. Famous and unknown risks, uncertainty and other factors that can lead to the fact that the actual results and future events differ significantly from those that are expressed or implied by such forecast statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainty. Accordingly, readers should not give unjustified dependence on promising statements and information contained in this press release. With the exception of cases required by law, Serrado does not have any intentions and is not obliged to update or revise any forecast statements to reflect the actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forecast statements or otherwise.
