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 […]
|Cabral Gold||TSX.V : CBR|
|Market cap||C$36 m @ 24c|
|Location||Cuiú Cuiú , Tapajos, Para State, Brazil|
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.
Highlights are as follows:
- DDH306 drilled on Section N20895 returned the following mineralized intervals:
- 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
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
To read the full news release, please click HERE
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