Cabral Gold Inc. (TSX.V: CBR)
Provided assay results from several trenches excavated on strike and immediately west of the Machichie main zone within the Cuiú Cuiú gold district.
Highlights included Trench CT38A located approximately 85m west of the most westerly drill hole at the E-W trending Machichie main zone, returned 11m @ 1.2 g/t gold, including 0.6m @ 9.6 g/t gold. […]
|Cabral Gold||TSX.V : CBR|
|Market cap||C$59.5 m @ 42c|
|Location||Cuiú Cuiú , Tapajos, Para State, Brazil|
Cabral Gold Reports Positive Results from New Surface Trenches West of Machichie Main Zone, Cuiú Cuiú Gold District
Vancouver, British Columbia–(Newsfile Corp. – April 7, 2022) –Cabral Gold Inc.(TSXV: CBR) (OTC PINK: CBGZF) (“Cabral” or the“Company“) is pleased to provide assay results from several trenches excavated on strike and immediately west of the Machichie main zone within the Cuiú Cuiú gold district.
Highlights are as follows:
- Trench CT38A is a north-south trench, located approximately 85m west of the most westerly drill hole at the E-W trending Machichie main zone. It returned two separate intercepts;
- 11m @ 1.2 g/t gold,including0.6m @ 9.6 g/t gold, at the south end of the trench
- 38.6m @ 0.7 g/t gold,including2.0m @ 3.9 g/t gold, at the north end of the trench
Mineralization remains open at both ends of the trench
- The southern intercept in CT38A is along strike from CT35A and interpreted to further be the western extension of the E-W trending Machichie main zone. The northern intercept is a completely new mineralized zone of undetermined dimensions
- Trench CT37 completed 50m east of CT38A returned three separate zones, including:
- 1.3m @ 4.3 g/t gold
- 3.2m @ 1.1 g/t gold
- 1.5m @ 1.3 g/t gold
Cabral Gold management comments
“The significance of these results at Machichie is in their location between the most westerly drill hole at Machichie and earlier trenches excavated a couple of hundred metres further west, which returned 5m @ 8.3 g/t gold.
“The lateral extent of the Machichie gold system appears to be significantly larger than previously thought.
“With additional trenching, and drilling about to start in this area, and diamond drilling also in progress at Central, MG and Indio, we anticipate an exciting few months for Cabral’s shareholders.”
Alan Carter, Cabral Gold President and CEO
Machichie Trench Results
The Machichie target is located 500m north of the MG gold deposit (Figure 1).
Previous drilling at Machichie identified a persistent mineralized zone which is E-W trending and dips steeply to the north. This main zone consists of a high-grade core zone surrounded by a low-grade alteration envelope.
This is very similar to the style of the 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
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