Overview
Stage | Preliminary Economic Assessment |
Mine Type | Open Pit |
Commodities |
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Mining Method |
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Mine Life | 21 years (as of Jan 1, 2022) |
Since the acquisition of Voyager Metals effective May 31, 2023, Cerrado Gold is developing the Mont Sorcier Iron and Vanadium project.
At the Mont Sorcier iron and vanadium project operated by Cerrado’s subsidiary Voyager Metals, work continued to advance the project with several workstreams related to permitting, social license and the overall feasibility study. Environmental baseline monitoring to support the future Environmental Impact Assessment submission is also ongoing as well as high-level discussions with various communities and stakeholders within the Chibougamau region. During the second quarter of 2023, the initial project description for the Mont Sorcier Mine Project with the Impact Assessment Agency of Canada (IAAC) was submitted and initial feedback has been received and is being reviewed.
The project is currently advancing towards completion of a bankable Feasibility Study expected by the end of 2023. |
Latest News | Cerrado Gold Appoints the Toronto-Dominion Bank To Be the Mandated Lead Arranger for Export Credit Agency Supported Project Financing at Its Mont Sorcier Iron and Vanadium Project in Québec November 21, 2023 |
Source:
May 31, 2023, Voyager Metals Inc. and Cerrado Gold Inc. are pleased to announce the successful completion of the previously announced statutory plan of arrangement under the Business Corporations Act (Ontario) pursuant to which Cerrado acquired all of the issued and outstanding common shares of Voyager that it did not already own.
Contractors
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Deposit Type
- Intrusion related
- Magmatic
Summary:
Deposit Types
Magnetite mineralization at the Mont Sorcier Project shows several similarities to other vanadiferous titanomagnetite (“VTM”) deposits or ilmenite deposits associated with layered mafic intrusive complexes, such as the Bushveld Complex (South Africa) or the Skaergard Intrusion (Greenland).
North Zone
Following the 2021 drilling campaign, the west and central part of the North Zone has been divided into two main zones (Arguin, 2022): Lower (“LZ”) and Upper (“UZ”). The stratigraphic limit between the LZ and the UZ was established by the substantial chemical break between two distinct mineralogical domains (units 3 and 4). Both the LZ and the UZ are composed of distinct magnetite-bearing ultramafic units (or mineralogical domains). The LZ consists of units 1, 2 and 3, whereas the UZ is composed of units 4 and 5.
The east part of the North zone is quite different from the west and central part as the subdivision into five units is not observed. It is essentially composed of ferro-pyroxenite, which is bordered by a “minor envelope” that consists of an inner horizon of talc-peridotite (metadunite) and an outer horizon of gabbroic rocks. No massive sulfides were reported in the east part of the North zone (Arguin, 2022).
Unit 1
Unit 1 is located at the base of the LZ, generally in contact with anorthosite. The silicate matrix consists of a greenish-grey to bottle-green mixture of very fine grains. The grain size makes the matrix minerals difficult to identify with ........

Summary:
It is planned to mine Mont Sorcier using traditional truck shovel open pit mining operations for the North zone of the project.
The mine will need to support a processing plant with nominal output of 5 Mtpa dry concentrate requiring on average 16.5 Mtpa mineralized material from the pit (peaking at 18.5 Mtpa). Plant recovery will depend on quality of mineralized material and concentration of the primary mineral – magnetite. Waste mining will be on average about 16 Mtpa.
Based on the selected pit from pit optimization work, a final pit was designed including a ramp, and catch berms following geotechnical slope parameters determined previously.
The final pit contains 354 Mt of mineralized material grading 30.10% Weight Recovery and a stripping ration of 1.0 to 1.
Mining Fleet
The planned mine production fleet will consist of 190 t trucks and matching large excavators (49 t). The fleet will be supported by production drills, wheel loaders and dozers. Purchase of equipment is spread over a number of years, in line with the mine production schedule.
The primary mining equipment will require support or auxiliary equipment to support pit operation and maintenance of equipment, roads, dewatering, fleet management, lighting and carry the workforce from the town and around the production areas.
Source:

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Flow Sheet:
Summary:

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Reserves at June 6, 2022:
The mineral resource estimate at a rounded cut-off grade of 2.30% Weight Recovery.
Category | Tonnage | Commodity | Grade |
Indicated
|
678.5 Mt
|
Iron (magnetite)
|
27.75 %
|
Indicated
|
678.5 Mt
|
Iron
|
25.46 %
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Indicated
|
678.5 Mt
|
V2O5
|
0.2 %
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Inferred
|
546.6 Mt
|
Iron (magnetite)
|
26.09 %
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Inferred
|
546.6 Mt
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Iron
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23.8 %
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Inferred
|
546.6 Mt
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V2O5
|
0.17 %
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Source:

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