Cerrado Gold Inc. announced the results of its new NI 43-101 Preliminary Economic Assessment based upon the recently expanded 43-101 resources defined at the Serra Alta deposit at its Monte do Carmo gold project in Tocantins State, Brazil. The work has been completed by GE21 Consultoria Mineral Ltda and is based upon the NI 43-101 Mineral Resource Estimate produced by MICON International dated July 21, 2021. The final PEA report is expected to be completed and available on SEDAR by the end of September 2021. The Monte do Carmo (MDC) Gold Project is located in the state of Tocantins, Brazil; 2 kilometres east of the town of Monte do Carmo which is 40Km from Porto Nacional (50,000 inhabitants) and 100Km from Palmas, the Capital of Tocantins State (250,000 inhabitants). The Serra Alta deposit has been the main focus of exploration at the project until recently where Cerrado has drilled numerous analogue satellite deposits to expand the existing resource. The project has good access to all necessary infrastructure: paved roads, energy, a 69 kV electric power line, water supply and an international airport, and is well supported by the local community.