Cabral Gold Inc. (TSX.V: CBR)
Provided assay results from several trenches recently excavated immediately west of the main Machichie target within the Cuiú Cuiú gold district in northern Brazil.
Highlights were Trench CT35A, located 285m west of the most westerly drill hole at the main E-W trending Machichie main zone, returned 5m @ 8.3 g/t gold including 1m @ 37.8 g/t gold. […]
.
| Cabral Gold |
TSX.V : CBR |
| Stage |
Exploration |
| Metals |
Gold |
| Market cap |
C$58 m @ 38c |
| Location |
Para State, Brazil |
.
Cabral Gold Trenching Program Extends Machichie 285m to West and returns 5m @ 8.3 g/t gold, Cuiú Cuiú Gold District, Brazil
Vancouver,British Columbia – February 2, 2022 – Cabral Gold Inc. (“Cabral” or the “Company”) (TSXV: CBR) (OTC: CBGZF)is pleased to provide assay results from several trenches recently excavated immediately west of the main Machichie target within the Cuiú Cuiú golddistrict in northern Brazil.
Highlights are as follows:
- Trench CT35A, located 285m west of the most westerly drill hole at the main E-W trending Machichie main zone, returned
- 5m @ 8.3 g/t gold
- including 1m @ 37.8 g/t gold
- The mineralization in CT35A is on strike and interpreted to represent the western extension of the E-W trending main Machichie mineralized structure. If proven correct, this would represent a 60% extension to the known mineralized zone at Machichie. This suggests that the Machichie main zone could extend for at least 800m along strike, whilst still being open to the west
- Trench CT36 completed 100m to the NE of CT35A also returned encouraging results in a new parallel structure at Machichie, including:
- 0.6m @ 12.9 g/t gold,
- 1.5m @ 1.6 g/t gold, and
- 0.7 @ 1.1 g/t gold
- Further trenching in both areas is in progress in advance of planned follow-up drilling
Cabral Gold management comments
“The results from recent trenching west of the main E-W trending Machichie mineralized zone suggest there could be a significant extension to the zone as we currently know it, indicating a possible 60% addition to the strike length of the known mineralized structure.
“Whilst further trenching is ongoing and drilling is planned, this is a major development in our efforts to determine the size and scope of the mineralized zones at Machichie, which is located just 500m north of the MG gold deposit.
“It also adds further support to previous drilling which identified numerous near-surface high-grade vein structures in this area of the Cuiú Cuiú property.
“With the existing two gold deposits at MG and Central, the recent discovery of three near-surface gold in oxide blankets, and a new hard-rock mineralized zone at the PDM target, Cuiú Cuiú is rapidly emerging as a significant gold district, containing multiple zones of near-surface gold mineralization, which are all located in close proximity.”
Alan Carter, Cabral Gold President and CEO.
/
Machichie Trench Results
The Machichie target is located 500m north of the MG gold deposit (Figure 1).
It was initially discovered in 2019. Previous drilling at Machichie identified a persistent mineralized zone which is E-W trending, dips steeply to the north.
The main zone consists of a high-grade core zone surrounded by a low-grade alteration envelope. This is very similar to the style of primary bedrock gold deposits at MG and Central, as well as the recently announced PDM basement discovery (see press releases dated December 15, 2021 and January 12, 2022).
.
.
|
|
Figure 1: Map showing the location of the Machichie target and the existing MG and Central gold primary gold deposits, as well as the recently identified gold-in-oxide blanket and underlying mineralized zone in hard rock at the PDM target within the Cuiú Cuiú district. Other key targets are shown as yellow circles.
|
|
..
For brevity, this summary has been redacted, to read the full news release, please click HERE.
=======
.
City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com
.
=======
,
This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
.
