Recalibration of the management team to ensure strong development growth in its Argentinian and Brazilian properties
Toronto, Ontario – (Newsfile Corp. – August 3, 2021) – Cerrado Or inc. (TSXV: CERT) (OTCQX: CRDOF) (“Cerrado” or the “Company”) is pleased to announce the appointment of Mr. Casper Groenewald as Chief Operating Officer and the appointment of Mr. Kurt Menchen as as President and Country Head of Operations Brazil. Appointments are effective on August 1, 2021.
Mr. Groenewald was Vice President of Technical Services at Cerrado and is a qualified metallurgist with over 20 years of experience in mineral processing in Africa and the Americas. He was senior vice president of DRA America and former technical director of Largo Resources Ltd., where he led the commissioning and optimization of its vanadium processing plant in Brazil. He is the former COO at Minopex, where he managed the operation of five diamond mines, and also worked for Vantech (Vanadium division of Xstrata), Highveld Steel and Vanadium Corporation. He is a senior exploration geologist with a career spanning more than 20 years in a wide range of jurisdictions and geological environments.
Mr. Menchen was previously the Founder and President of Operations, Brazil, of Largo Resources Ltd., and has over 42 years of experience in mining and project management, including over 20 years as Managing Director of Jacobina Gold project (currently owned by Yamana Gold) in Bahia State, Brazil. His previous experience also includes Anglo American’s Vaal Reefs underground gold mine in South Africa and De Beers Diamonds in Angola. Mr. Menchen holds a mining engineering degree from the Federal University of Rio Grande do Sul, Brazil.
Mark Brennan, CEO and Co-Chairman of Cerrado said: “Cerrado envisions a period of intense and rapid growth and development for its two gold projects Minera Don Nicolás and Monte do Carmo. Kurt and Casper have worked closely together for many years, first at Largo Resources and then at Cerrado Gold, so their ability to work in symbiosis is well established. looking forward to printing it through our operations. I also want to congratulate Kurt and look forward to his oversight of the successful development of the Monte Do Carmo gold project as well as the development of other opportunities in Brazil. “
For more information please contact
CEO and co-chairman
Phone. : + 1-647-796-0023
Nicholas Campbell, CFA
Director, Corporate Development
Phone. : + 1-905-630-0148
About Cerrado Gold
Cerrado Gold is a public gold producer and exploration company whose gold production comes from its 100% owned Minera Don Nicolás mine in the province of Santa Cruz, Argentina. It also owns 100% of the assets of Minera Mariana in the province of Santa Cruz, Argentina. The company is also undertaking exploration work on its 100% owned Monte Do Carmo project located in Tocantins, Brazil. For more information about Cerrado Gold, please visit our website at: www.cerradogold.com.
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This press release contains statements that constitute “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this press release. Any statement that deals with predictions, expectations, beliefs, plans, projections, goals, assumptions, future events, or performance (often but not always using expressions such as “expects “Or” does not expect “,” is expected “,” anticipates “or” does not anticipate “,” plans “,” budget “,” planned “,” plans “,” estimates “,” believes “or “intends” or variations of these words and expressions or declaring that certain actions, events or results “may” or “could”, “would”, “could” or “will” be regarded as occurring or be achieved ) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements contained in this press release include, without limitation, statements regarding the business and operations of Cerrado Gold. In making the forward-looking statements contained in this press release, Cerrado Gold has made certain assumptions, including, but not limited to, the ability of Cerrado to extend its drilling program to its Minera Don Nicolas project and increase its resources. . Although Cerrado Gold believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee that the expectations of the forward-looking statements will prove to be correct. Known and unknown risks, uncertainties and other factors that may cause actual results and future events to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, general business, economic, competitive, political and social uncertainties. Therefore, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, Cerrado Gold disclaims any intention and assumes no obligation to update or revise forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting these forecasts or other forward-looking statements.
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