Cerrado subsidiary expands gold concessions next to existing processing plant
Toronto-based gold production, development, and exploration company Cerrado Gold's wholly owned subsidiary Minera Don Nicolas (MDN) has acquired additional concessions, known as Las Calandrias II, located in the Santa Cruz province of Argentina, immediately adjacent to MDN’s Las Calandrias heap leach operations.
The Las Calandrias II properties consist of 3 927 ha of concessions directly adjacent to the MDN property, most notably near the existing Las Calandrias heap leach operations.
For Cerrado, the acquisition of the Las Calandrias II properties represents the next step in the company’s strategy of consolidating regional land holdings around the Calandrias operations.
The property has had limited exploration activity historically.
MDN principally operates the MDN high-grade gold and silver mining operation that includes both openpit and underground workings, with an adjacent openpit heap leach gold and silver operation called Las Calandrias that began production in 2024.
Moving forward, the Las Calandrias II properties will be included in MDN’s exploration plans to support long-term resource development.
The Las Calandrias II properties were acquired through a registration process and carry no material acquisition cost.
Cerrado CEO and chairperson Mark Brennan says the companies are pleased with the acquisition of the Las Calandrias II properties. "We intend to continue to expand on our consolidation strategy in the coming months with the goal of extending mine life and production to grow the long-term mineral exploitation potential at MDN.”
