Cabral Gold Inc. (TSX.V: CBR)
Provided assay results from five diamond-drill holes completed at the MG gold-in-oxide blanket, and also results from reconnaissance drilling at the Alonso target within the Cuiú Cuiú gold district in northern Brazil.
Diamond-drill hole MET04 drilled at the gold-in-oxide blanket at MG returned 70.8m @ 1.0 g/t gold from surface, including 17.0m @ 3.3 g/t gold from 41.0m depth.
|Cabral Gold||TSX.V : CBR|
|Market cap||C$57 m @ 40c|
|Location||Para State, Brazil|
Cabral Gold Drills 70.8m @ 1.0 g/t Gold at MG Gold-in-Oxide Blanket and Identifies New Gold Anomaly North of Alonso at Cuiú Cuiú Gold District, Brazil
Vancouver, British Columbia–(Newsfile Corp. – December 9, 2021) – Cabral Gold Inc. (TSXV: CBR) (OTC: CBGZF) (“Cabral” or the “Company“) is pleased to provide assay results from five diamond-drill holes completed at the MG gold-in-oxide blanket, and also results from reconnaissance drilling at the Alonso target within the Cuiú Cuiú gold district in northern Brazil.
Highlights are as follows:
- Reconnaissance stream-sediment sampling has identified a new gold anomaly in streams 750m NE of the Alonso target and 3.4km ESE of the MG gold deposit
- The new anomaly has been named Escondido and is very similar to the geochemical and magnetic anomaly which define the MG gold deposit. Five recently completed reconnaissance drill holes at the Alonso target did not intercept any significant gold values of interest, suggesting that the primary source of the boulders is farther afield than previously anticipated, possibly the Escondido area
- Diamond-drill hole MET04 drilled for metallurgical testing at the gold-in-oxide blanket at MG returned70.8m@ 1.0 g/t goldfrom surface, including17.0m @ 3.3 g/t goldfrom 41.0m depth. Similarly, diamond-drill hole MET05 returned43.6m @ 1.4g/t goldfrom surface
- Diamond-drill hole MET03 also completed at the gold-in-oxide blanket at MG returned54.0m @ 0.7 g/t goldfrom surface, including21.8m @ 1.4 g/t gold,anddiamond-drill hole MET02 returned13m @ 0.9 g/t goldfrom surface and21.7m @ 0.8 g/t goldfrom 32.2m depth
Cabral Gold management comments
“We are extremely pleased with the assay results received on the five metallurgical test diamond drill holes recently completed at the MG gold-in-oxide blanket and look forward to receiving the results of the metallurgical test work during the first quarter of 2022, which will be key to understanding the economic viability of the blanket mineralization.
“The diamond drill results from the Alonso target suggest that the high-grade boulders that we see on surface at Alonso are not derived from the immediate vicinity and may have been eroded from a source that is located further away than we previously anticipated.
“The identification of a major gold anomaly in streams which is coincident with a major E-W trending magnetic anomaly, 750m north-east of Alonso, opens up the possibility of a more distal source for the high-grade boulders.
“The fact that our exploration team continues to identify highly prospective targets in parallel with the drilling efforts is very encouraging and demonstrates the enormous potential of the Cuiú Cuiú gold district.
“Cuiú Cuiú is a district which contains 43 mainly high-grade targets outside the two known gold deposits with resources. Cabral currently has four rigs turning on three separate targets.”
Alan Carter, Cabral Gold President and CEO
Alonso Area Diamond Drilling and Reconnaissance Exploration
The Alonso target is located approximately 3.4km SE of the MG gold deposit and is characterized by numerous high-grade mineralized boulders that were found on surface.
These boulders previously returned very high gold values of11.3 to 200.3 g/t gold(see press release dated February 11, 2020).
Figure 1: Map showing the location of the Alonso target and the major new Escondido gold anomaly in streams north-east of Alonso, as well as the MG and Central gold deposits and the overlying MG gold-in-oxide target, as well as the Pau de Merenda (PDM) gold-in-oxide blanket and other key targets within this part of the Cuiú Cuiú district
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 email@example.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.
To read our full terms and conditions, please click HERE