Cabral Gold Inc. (TSX.V: CBR)
Provided a summary of successes achieved during 2021 at the Cuiú Cuiú gold district in Para State, northern Brazil, and outlined its plans for 2022.
Cabral is looking forward to continuing its aggressive exploration program in 2022 following encouraging drill results in December which included 22.4m @ 4.8 g/t gold. […]
|Cabral Gold||TSX.V : CBR|
|Market cap||C$67 m @ 40c|
|Location||Para State, Brazil|
Cabral Gold Reviews 2021 Achievements and Outlines Plans for 2022 at Cuiú Cuiú Gold District, Brazil
Vancouver, British Columbia–(Newsfile Corp. – January 6, 2022) –Cabral Gold Inc. (TSXV: CBR) (OTC: CBGZF) (“Cabral” or the“Company“) is pleased to provide a summary of successes achieved during 2021 at the Cuiú Cuiú golddistrict in northern Brazil, and outline its plans for 2022.
During 2021, Cabral’s ongoing drill program was primarily focused on defining the high-grade zones within the MG and Central gold deposits, but the Company also identified two new near surface gold-in-oxide blankets at MG and PDM, as well as a new high-grade mineralized zone in hard rock at PDM. The Company continued to drill test and expand other new target areas, such as Machichie, Machichie SW, Morro da Lua, and Indio. There are still some 39 other gold targets to test on the 36,000 ha Cuiú Cuiú property. Concurrent with the drill program Cabral continued its regional grassroots reconnaissance exploration in new areas of the district including stream- and soil-geochemical sampling and prospecting.
Based on positive initial results realized during early 2021, Cabral accelerated its drilling campaign. The Company started 2021 with two RC rigs and added a diamond rig in February and two more diamond rigs in July following the successful closing of a financing in July. A total of 25,359m of drilling was completed during the year, including 16,027m of RC drilling and 9,332m of diamond drilling. Assay results from 21 diamond-drill holes and 12 RC holes completed at MG, PDM, and Central were still pending at year end and will be released in the coming weeks.
Cabral is looking forward to continuing its aggressive exploration program in 2022 and is planning an expanded drill program at PDM following encouraging drill results in December which included 22.4m @ 4.8 g/t gold from the granitic rocks below the recently identified gold-in-oxide blanket. In addition, diamond drilling at the Central and MG gold deposits will continue with the objective of defining higher grade zones within both deposits, while testing for additional zones of mineralization. RC drilling will also continue testing the overburden above the Central gold deposit with the objective of identifying a third gold-in-oxide blanket.
Elsewhere additional drilling and trenching is planned at Machichie, and several regional targets including Tracaja, Indio, Dona Moca and the new Escondido target.
Figure 1: Topographic map showing the location of the MG and Central gold deposits (in red) and the outline of the recently discovered gold-in-oxide blankets at PDM and MG (in beige) as well as other key targets at Cuiú Cuiú. The outline of the historic placer gold workings are shown in pale yellow. MG and Central are the two deposits comprising the current project resource
To view an enhanced version of this graphic, please click HERE
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