Cabral Gold Inc. (TSX.V: CBR)
Provided assay results from ten diamond-drill holes in the southern part of the Central gold deposit within the Cuiú Cuiú Gold District, northern Brazil.
The glory hole included 20.9m @ 4.2 g/t Au […]
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| Cabral Gold | TSX.V : CBR |
| Stage | Exploration |
| Metals | Gold |
| Market cap | C$36 m @ 24c |
| Location | Cuiú Cuiú , Tapajos, Para State, Brazil |
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Cabral Gold – MG Deposit, Para state, Brazil.
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Cabral Gold Drills 20.9m @ 4.2 g/t Gold within Gold-in-Oxide Mineralization at the Central Gold Deposit, Cuiú Cuiú District
Vancouver, British Columbia–(Newsfile Corp. – July 7, 2022) – Cabral Gold Inc. (TSX.V: CBR) (OTC PINK: CBGZF) (“Cabral” or the “Company“) is pleased to provide assay results from ten diamond-drill holes in the southern part of the Central gold deposit within the Cuiú Cuiú Gold District, northern Brazil.
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Highlights are as follows:
- DDH306 drilled on Section N20895 returned the following mineralized intervals:
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- 20.9m @ 4.2 g/t gold from 23.1m in oxidized and weathered material, 2.0m @ 32.3 g/t gold from 35.0m and3.0m @ 4.8 g/t gold from 39.0m
- 23.5m @ 1.7 g/t gold from 50.5m in oxide material, including 2.0m @ 17.0 g/t gold from 68.0m
- 35m @ 1.2 g/t gold from 112.0m in fresh basement mineralization, including 1.7m @ 6.8 g/t gold from 121.0m
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Cabral Gold management comments
“These latest high-grade drill results from the Central gold deposit indicate that at least two, possibly three high-grade veins exist within the broader Central gold deposit.
“These zones extend up to surface and have been weathered, resulting in high-grade oxide material, which is very similar to the situation at the MG gold-in-oxide blanket, where a higher-grade core sits directly above the underlying primary gold deposit.
“These drill results imply the presence of more high-grade material at Central than previously thought in both the near surface oxide mineralization and the underlying primary basement gold deposit.”
Alan Carter, Cabral Gold President and CEO
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To read the full news release, please click HERE
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Disclosure
At the time of writing the author does not hold shares in Cabral Gold.
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