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Cabral Gold map (Courtesy of Cabral Gold)

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Cabral Gold Drills 3m @ 15.9 g/t gold and Discovers New Mineralized Zone at the Machichie Main Gold Deposit, Cuiú Cuiú Gold District, Brazil

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Mining Review 16th March 2025

A busy week with Awale Resources, Cabral Gold, Meeka Metals and Ora Banda Mining all releasing positive drill results.

Gold briefly touched $3,000 before retracing slightly, as the US continues to suck in gold from around the world.

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Orla Mining – Musselwhite Gold Mine

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City Investors Circle Mining Review 16th March 2025

Gold briefly touched $3,000 before retracing slightly, as the US continues to suck in gold from around the world. One theory is this is because US banks have to comply with Basel 3 by mid-year, and are importing gold to cover bullion they leased out years ago.

Most precious and base metals ended the week higher after yet another positive stimulus message from the Chinese governement.

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Mining Review

A busy week with Awale Resources, Cabral Gold, Meeka Metals and Ora Banda Mining all releasing positive drill results.

Awale have recorded some of the highest grades in Africa in the last year and high-grade discoveries continue to be made on very prospective land in the Ivory Coast.

Cabral have been quiet for a while but have now announced some new gold discoveries that boosted the share price. CEO Alan Carter has a large personal investment here bought in the market.

Meeka Metals, on the cusp of initial production in Western Australia announced a new gold discovery.

Ora Banda Mining, also in Western Australia, announced an “outstanding” discovery as they expand production and exploration at their Daveyhurst project.

All of this week’s stories can be read in full by clicking the links below.

 Cabral Gold Trenched 20m @ 3.6 g/t Gold at Machichie

  Awalé Resources Updates on Drilling at High-Grade Gold Target

  Ora Banda Mining’s New Outstanding Gold Discovery

  G Mining Ventures CEO Named Producer of the Year

  G Mining Ventures Commences Construction at Oko West

  Capricorn Delivered Strong Half Year Results

  Orla Mining Completes the Musselwhite Acquisition

  Meeka Metals Discovers a New High-Grade Gold Zone

PDAC 2025 reviews can be read below

  PDAC 2025 Day 4

  PDAC 2025 Day 3

 PDAC 2025 Day 2

  PDAC 2025 Day 1

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Market Data

Weekly Price Changes

(US$ unless stated)

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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 andrew@city-investors-circle.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.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

Cabral Gold Inc. (TSX.V: CBR)

Released assay results from two surface trenches and eight reverse circulation drill holes at the Machichie Main gold deposit within the Cuiu Cuiu gold district, Brazil.

Surface trench CT051 at Cuiu Cuiu returned 20 metres of 3.6 grams per tonne gold, including four metres of 15.7 g/t gold in gold-in-oxide material at surface.

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CABRAL GOLD TRENCHES 20M @ 3.6 G/T GOLD ON SURFACE AT THE MACHICHIE MAIN GOLD DEPOSIT, CUIU CUIU GOLD DISTRICT, BRAZIL

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Cabral Gold Inc. (TSX.V: CBR) has released assay results from two surface trenches and eight reverse circulation drill holes at the Machichie Main gold deposit within the Cuiu Cuiu gold district, Brazil.

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Highlights:

• Surface trench CT051 at the Machichie Main gold deposit at Cuiu Cuiu returned 20 metres of 3.6 grams per tonne gold, including four metres of 15.7 g/t gold in gold-in-oxide material at surface. The mineralized interval within the trench is open to the north and south. These results confirm the presence of significant higher-grade mineralization within the near-surface gold-in-oxide material at the Machichie Main deposit.
• Surface trench CT052, developed 150 m west of trench CT051, also returned seven m of 0.8 g/t gold. The mineralized interval is again open to the north and south.
• Reverse circulation drill results from Machichie Main include:
  • Four m of 3.9 g/t gold from 36-metre depth including one m of 10.6 g/t gold in RC497;
  • Four m of 3.1 g/t gold from 41-metre depth including one m of 10.6 g/t gold in RC496;
  • Seven m of 1.5 g/t gold from 64-metre depth in RC494;
  • Seven m of 1.2 g/t gold from 78-metre depth in RC495;
  • One m of 9.9 g/t gold from 26-metre depth and one m of 7.3 g/t gold from 37-metre depth in RC503;
  • All of these intercepts were in fresh rock intrusive material below the near-surface gold-in-oxide material.
• Results thus far from the trenches and initial drill holes confirm continuity and grade of the Machichie mineralization along strike and at depth.
• Samples from the trenches are in the process of metallurgical testing to characterize the Machichie oxide zone.

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Alan Carter, Cabral’s president and chief executive officer, commented:

“The current drilling and trenching program at Machichie Main is aimed primarily at upgrading the inferred resource base within the near-surface gold-in-oxide zone to indicated resources.

 

“These results confirm the presence of significant grades, both within the near-surface gold-in-oxide material, which comprises mineralized blanket sediments and saprolite (weathered bedrock), as well as the underlying fresh primary intrusive material at Machichie Main.

 

“The trench results in particular are significant because they confirm the presence of excellent grades within gold-in-oxide material at surface.

 

“This bodes very well for our efforts to upgrade the inferred resources at Machichie Main as we work towards updating the results from the PFS study on an initial heap-leach starter operation previously released in October, 2024.”

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To read the full news release, please click HERE

To read our full terms and conditions, please click HERE

Mining Review 17th November 2024

Cabral Gold and Thesis Gold announced good drill results, and Westgold increased their Starlight gold mineral resource by 91%.

Gold was truly thumped down as US rate cuts look increasingly unlikely as inflation looks to be returning.

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The 121 Mining Conference booth layout.

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City Investors Circle Mining Review 17th September 2024

It was a week to forget for gold and investors in the gold mining sector as the shiny metal retreated 4.5% on news that further US rate cuts are unlikely in the near term.

All the precious metals were thumped, as were the industrial metals in what turned out to be the worst week for quite a while, erasing a lot of the gains made in the last few weeks.

Trump’s election victory has benefited Bitcoin and Tesla shares, at the expense of mining and commodities.

A list of news from our watchlist companies is below, please click the link to be take to the full story.

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..

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 andrew@city-investors-circle.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.

.

.D

Cabral Gold (TSX.V: CBR)

Announced trench results from the Jerimum Cima target and the identification of a fifth gold-in-oxide blanket within the Cuiú Cuiú Gold District, Brazil.

Highlights included surface trench CT050 at the Jerimum Cima target returned 18m @ 1.9 g/t gold including 1m @ 22.8 g/t gold in weathered gold-in-oxide blanket material at surface, at Cuiú Cuiú.

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Cabral Gold Identifies Fifth Gold-in-Oxide Blanket and Trenches 18M @ 1.9 g/t Gold on Surface at the Jerimum Cima Target, Cuiú Cuiú Gold District, Brazil

14th November 2024

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Mining Review 10th November 2024

Westgold had a high-grade gold hit during drilling at Bluebird South. West Red Lake gave a positive mine restart update.

Gold and the precious metals slipped back slightly after the US election result which was seen as positive for the US dollar.

Gold Road Gruyere JV gold mine

City Investors Circle Mining Review 10th November 2024

The week was dominated by the US election, and the election of Donald Trump was seen as positive for the dollar, and the precious metals sold off a little in reponse. A strong dollar reduces the price of imported goods, and thus lowers inflation.

Gold and the precious metals slipped back slightly after the US election result which was seen as positive for the US dollar.

By the end of the week gold had moved back again showing how resilient it’s becoming to news that would normally sink the price. Central bank buying may be the reson for that of course.

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Last week was a quiet week newswise for our watchlist companies, yet there were some positive releases.

Westgold had a high-grade gold hit during drilling at Bluebird South.

West Red Lake Gold Mines gave a positive mine restart update for their Madsen gold mine in Ontario. This is the former Pure Gold (AIM and TSX) property that was bought out of administration for a song by WRLG after a poor mine startup left the former owners out of funds despite a decent gold price at the time.

WRLG are looking to commence production next year, and claim to have identified a better plan to make it work this time.

Colonial Coal were picked as a stock to follow by Simply Wall St. research house.

All the news from the last week is listed below, click on the lonk to be taken to the full story.

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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 andrew@city-investors-circle.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.

.

.D

Cabral Gold Inc. (TSX.V: CBR)

Announced a positive Prefeasibility Study (“PFS”) on the development of near-surface gold-in-oxide material at the Cuiú Cuiú gold district in Brazil.

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Cabral Gold Announces Positive Prefeasibility Study on the Gold-in-Oxide Starter Operation at the Cuiú Cuiú Gold Project, Brazil with After-Tax IRR of 47.3%

21st October 2024

Cabral Gold (TSX.V: CBR)

Announced drill results from fifteen initial reconnaissance RC holes drilled at the Machichie West target within the Cuiú Cuiú gold district.

The highlight was hole RC439 returned 10m @ 3.00 g/t gold from 11m depth in weathered saprolite including 5m @ 5.37 g/t gold from 13m depth.

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Cabral Gold Drills 10m @ 3 g/t Gold at the Machichie West Target, Cuiú Cuiú Gold District, Brazil

17th July 2024

Cabral Gold Inc. (TSX.V: CBR)

Provided an update of the ongoing trial-mining prefeasibility study (PFS) regarding the potential exploitation of near-surface gold-in-oxide mineralization at both the Central and MG gold deposits within the Cuiú Cuiú gold district in northern Brazil.

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Cabral Gold Provides Update on Prefeasibility Study at Cuiú Cuiú Gold Project, Brazil

16th May 2024

Mining Update 25th February 2024

Calibre Mining achieves the high-end of production guidance in 2023.

Cabral Gold, Karora resources, and Orla Mining all reported excellent drill results.

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City Investors Circle Mining Review 24th February 2024

Gold moved up slightly and remains above the critical $2,000 level despite US rates being likely to remain hogher for longer than expected, and some market commentators are now daring to suggest they may rise again before they stat to fall.

The FED looks to be in a difficult place where inflation is proving a hard beast to tame, and higher rates are costing the US government more interest to service, which cost $659 Billion in 2023, see here.

Despite holding its value so well, many mining stocks continue to fall in value on the markets, despite all the predictions of the bottom being reached.

I still believe that at some point investors are going to see the undervaluations of the mining companies and move back into the sector forcing prices up.

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Companies on our watchlist making news this week included,

Calibre Mining achieves the high-end of production guidance in 2023.

Cabral Gold, Karora Resources, and Orla Mining all reported excellent drill results.

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For full details of all this week’s news, please click on the links below.

  Cabral Gold Drilled 23m @ 1.0 g/t Gold at Cuiú Cuiú

  Orla Mining Discovered a New Style of Sulphide Mineralization at Camino Rojo

  Karora Resources New Drilling Results of 3.8 g/t over 33m

  Calibre Mining exceeded The High-End of 2023 Production Guidance

  Galiano Gold Reported Q4 and FY 2023 Results

  Calidus Resources Maiden Resource at Bulletin Underpins Production

  Mining Review 18th February 2024

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Market Data

Weekly Price Changes

(US$ unless stated)

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Metal Prices

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Live spot metal prices can be found HERE

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Cabral Gold (TSX.V: CBR)

Announced assay results from an additional 13 RC holes testing near-surface oxide material at the Central gold deposit, and nine shallow auger holes from the MG gold deposit, Cuiú Cuiú gold district.

The highlight was hole RC390 which returned 23m @ 1.0 g/t gold from 5m depth.

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Cabral Gold pit at Cuiú Cuiú

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Cabral Gold Drills 23m @ 1.0 g/t Gold in Oxidized Material from Near-Surface at Central and 19m @ 1.3 g/t Gold at MG

22nd February 2024

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Mining Review 11th February 2024

Colonial Coal ended the week very strongly on high volume, without any known news, so a situation to follow next week.

Otherwise it was another week where commodity and most mining share prices drifted.

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Calibre Mining – Nicaragua

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Mining Review 11th February 2024

Another week where commodity and most mining share prices drifted.

Colonial Coal ended the week very strongly, on high volume, without any known news, so this is certainly a situation to follow next week.

Some good drill results reported from our watchlist companies this week, with Calibre Mining reporting a significant discovery with potential to increase the resources at their Limon Mine in Nicaragua.

All the news from our watchlist companies this week involved good drill results, yet in this market prices continue to drift, and one wonders what has to be announced to make investors in the sector excited again?

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News from our watchlist companies is listed below, plese click on the links to be taken to the full story.

  Cabral Gold Drilled 30m @ 2.6 g/t Oxidized gold

  West Red Lake Gold Intersected 9.15 g/t Au over 3.3m

  Calibre Mining Continues to Intercept Bonanza Grade Drill Results

  Nevada King Intercepted 19.2 G/T AU Over 10.7m

  Cornish Metals Reported Successful Exploration Drilling

  American Creek’s JV Partner Identified High-Grade Gold

  Mining Review Sunday 4th February 2024

Market Data

Weekly Price Changes

(US$ unless stated)

Metal Prices

Spot mineral prices can be found HERE

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 andrew@city-investors-circle.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.

.

.

Mining Review 4th February 2024

The week was once again all about the FED and US interest rates, with positive economic data suggesting a March rate cut was unlikely, causing markets and gold to pull back.

Cabral Gold, i-80 Gold, and Orla Mining all reported strong drilling results this week. 

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i-80 Gold – Ruby Hill, Nevada

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City Investors Circle Mining Review 4th February 2024

The week was once again all about the FED and US interest rates, with positive economic data suggesting a March rate cut was unlikely, causing markets and gold to pull back.

Gold remained above the key $2,000 level despite the hawkish interest rate comments. This was probably helped by the US announced intention to bomb targets in the Middle East, which eventually occurred on Friday night, after days of announcing their intention to do so.

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Turning to companies on our watchlists, there were some positive drill results from Cabral Gold, i-80 Gold, and Orla Mining reported during the week.

One disappointment was the results from Gold Road Resources  where production for the year was at the low end of guidance, and AISC higher. This resulted in a share pullback, and a share that was trading at just above A$2 on the 29th December is now back at A$1.51!

This is really disappointing after waiting so long for GOR to break through the A$2 resistance level, and one reason why I was opposed to them commencing dividend payments.

The guidance for 2024 is around the same so despite such as strong gold price the share price looks as though it will settle down at this lower level once again, and it’s incredibly disappointing.

On the plus side, despite paying the dividend they have a strong treasury and significant investments in IGO and De Grey, amongst others, so the company looks healthy moving forward.

All the news form the last week for our watchlist companies is listed below, click the links to be taken to the full story.

Market Data

Weekly Price Changes

(US$ unless stated)

Metal Prices

.

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 andrew@city-investors-circle.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.

.

.

Cabral Gold  (TSX.V: CBR)

Announced drill results from a further eight RC holes from the Central gold deposit located within the Cuiú Cuiú gold district in northern Brazil.

The highlight was hole RC368 which returned 10m @ 10.5 g/t gold from 67m in fresh rock.

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Cabral Gold pit at Cuiú Cuiú

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Cabral Gold Drills 10m @ 10.5 g/t Gold Including 1m @ 63.6 g/t Gold at the Central Gold Deposit, Cuiú Cuiú Gold District, Brazil

Mining Review 14th January 2024

Calibre Mining reported record gold production of 283,494 ounces, from their operating mines in Nicarague and Nevada. This year will see the finish of the construction of the new Valentine mine, and $25,000,000 spent on additional exploration across their projects.

Calidus, Lefroy Exploration, and Ascot Resources all reported high-grade drill interecepts.

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Lefroy Exploration project map

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City Investors Circle Mining Review 14th January 2024

A few recent fundraises have highlighted the difficulty in early stage juniors raising capital in the current markets.

Funnily enough a couple of them have been around for quite some time without achieving anything for their shareholders.  Orex and Scorpion Gold have both raised less than they were looking for, with Scorpion pushing out the closing date in an affort to try and find more funds.

Panther Metals in London have also recently failed to raise what they set out to, and, despite them saying they cut back the loan notes as the costs of the drilling programme  “came in below budget“, I take that statement with a huge sack of salt.

I cannot remember a company ever achieving a 50%! saving on a drill program.

As I have been warning for well over a year now, early stage juniors relying on constant fundraises to carry out more drilling are in a difficult place right now, and I have cut my exposure to thse type of stocks to the bare minimum where the project looks so good I don’t want to be out despite the dilution risks.

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Calibre Mining reported record gold production of 283,494 ounces, from their operating mines in Nicaragua and Nevada. This year will see the finish of the construction of the new Valentine mine, and $25,000,000 spent on exploration.

Calibre are looking to become a 500,000 Oz gold PA mid-tier producer in 2025, and have excellent exploration projects in Nicaragua and Nevada to increase output further in the mid term.

Calidus Resources, Lefroy Exploration, and Ascot Resources all reported high-grade drill interecepts.

Archives

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Market Data

Weekly Price Changes

(US$ unless stated)

Metal Prices

To read the full news release, please click HERE

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Cabral Gold (TSX.V: CBR)

Following on from a successful drill prgram in 2023, Alan Carter, CEO of Cabral has shares his thoughts for the Cuiu Cuiu project going forwards.

Carbral are looking to produce cashflow within a year with a small scale startup operation, to avoid further share dilution to the stock.

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Cabral Gold New Year message from the CEO

Cabral Gold (TSX.V: CBR)  Following on from a successful drill prgram in 2023, Dr. Alan Carter, CEO of Cabral has shared his thoughts for the Cuiu Cuiu project going forwards.

Cabral are looking to produce cashflow within a year, with a small scale startup operation, to avoid further share dilution to the stock.

This can then fund further exploration in a prolific gold belt, which compares very favourably with the TZ gold mine being constructed by G Mining around 20 miles away.

I like this method of growing a small company, rather than taking the easy route of simply issuing more shares like confetti.

Of couse CEO Alan Carter has a very large personal stake in the company, bought at market prices, so is very aligned with shareholders, which is another thing I like about this company. In my opinion it’s important for management to have a meaningful holding in a company, bought at market prices rather than gifted via options.

Dr. Alan Carter’s New Year message is reproduced below.

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Dear Valued Shareholders,

 

Now that the dust has settled and we have welcomed in the New Year, I would like to take a moment to reflect on our progress with advancing our Cuiú Cuiú project in Brazil, and also share some thoughts on what lies ahead.

 

Our Company is in the process of undergoing a significant transition, from a successful junior gold exploration Company to a junior gold producer. 

 

Until recently, and despite making several new discoveries and releasing a string of excellent drill results, our share price, along with most of our peers, has failed to significantly appreciate due to weak market conditions.

 

As a result, we have elected to transition away from dependence on the model of raising capital by issuing shares and diluting the capital structure, and we are pursuing a clear path aimed at generating revenue by becoming a gold producer with potential free cash flow as early as 2025. 

 

Fortunately, our Cuiú Cuiú project has an enormous footprint (having been the largest placer gold camp in the Tapajos during the 1980’s gold rush) and because of the tropical weathering environment, our gold deposits are weathered down to a maximum depth of 60m.

 

This means that the top 60m is essentially soft red mud or saprolite, and the trial mining and processing of this saprolite material is currently the subject of the ongoing Pre-Feasibility Study (PFS).

 

We expect to complete the PFS during the second quarter of this year and if it is positive, it will form the basis of a construction decision at Cuiú Cuiú. As part of the PFS we have been conducting additional drilling aimed at improving our understanding of the higher-grade zones within the saprolite.

 

We are also conducting additional metallurgical and geotechnical studies and have beefed up our Board and established an independent Technical Committee. 

 

The Tapajos region in Brazil is changing, and it is changing quickly.

 

As one of the two geologists who originally identified and acquired the TZ project and recognised its potential, it is gratifying for me personally to see that project under construction. TZ should enter production during Q3 2024 and will be Brazil’s third largest gold mine.

 

Given my history and experience with TZ, I should have a better idea than most regarding the potential of our adjacent Cuiú Cuiú project.

 

I believe that Cuiú Cuiú will eventually become a much larger gold deposit than TZ. Some of the reasons for this are as follows;

• According to the Agencia Nacional de Mineracao (ANM) in Brazil, Cuiú Cuiú produced 2Moz of placer gold during the Tapajos gold rush which is 10x more than TZ
• The gold-in soil anomaly that we identified at TZ was approximately 1km long. There are numerous gold-in-soil anomalies at Cuiú Cuiú which cover a much larger area
• We have so far identified 4 gold deposits at Cuiú Cuiú (2 with 43-101 compliant resources and 2 (PDM and Machichie) which do not yet have any resources. In addition, we currently have over 40 targets (with gold assays) at Cuiú Cuiú. Compare this with TZ which is a single deposit with 2 or 3 peripheral targets
• The best drill intercept reported outside the TZ deposit returned 20m @ 1.7 g/t gold which is equivalent to 34 gramme metres. At Cuiú Cuiú we have drill intercepts outside the four known deposits that include 27m @ 6.9 g/t gold or 186.3 gramme metres (at Central SE) and 39m @ 5.1 g/t gold or 198.9 gramme metres (at J Cima) to name just two examples

Despite very difficult market conditions during 2023 we were able to raise capital and partner with Osisko Gold Royalties. The deal with Osisko will allow us to complete the PFS and we believe speaks to the quality and potential of the Cuiú Cuiú project. 

 

The year ahead should prove to be transformative for our Company. Numerous drill results are pending from the drill program conducted during late 2023 and additional metallurgical studies are in progress.

 

The focus will be on completing the ongoing PFS and, if positive, on making a construction decision as soon as possible thereafter. 

 

On behalf of the entire Cabral Gold team, I would like to express deep appreciation to our investors, partners, and stakeholders for your continued support and we sincerely wish you all a happy, healthy, and prosperous 2024. 

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City Investors Circle 

Tier 3 Watchlist now lists explorers that are have a reasonable resource defined, with the ability to raise further funds in the market.

Due to the market being difficult for early stage explorers, they have been moved to tier 3 to differentiate the risk.

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Cabral Gold Project at Cuiu Cuiu, Para state, Brazil

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City Investors Circle Tier 3 Watchlist Changes

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City Investors Circle

Tier 3 Watchlist Changes include Cabral Gold, Nevada King, and Silver Tiger, who all may progress quickly as they have reasonably defined resources, but may need to finance in a tricky market first.

This tier is for earlier stage explorers where I see slightly more risk of financing dilution.

Our new Tier 3 watchlist will initially consist of fourteen companies;

• O3 Mining
• American Creek
• Boab
• Cabral Gold
• Cornish Metals
• Eloro Resources
• Japan Gold
• Magnetic Resources
• Nevada King
• Newcore Gold
• Nouveau Monde
• Rumble Resources
• Silver Tiger
• Westhaven

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Market Review November 2023

Has been published today, featuring Calibre Mining, and also mentions G Mining Ventures, Karora Resources, West Red Lake Gold Mines, and Cabral Gold.

We discuss the expanding resource nationalism, and name the small pool of trusted countries we still feel safe investing in.

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Chris Berlet, CEO of Canuc Resources presents to the Global Mining Finance Conference in London.

City Investors Circle Market Review November 2023

Has been published today, featuring Calibre Mining, and also mentions G Mining Ventures, Karora Resources, West Red Lake Gold Mines, and Cabral Gold.

We discuss the expanding resource nationalism, and name the small pool of trusted countries we still feel safe investing in.

As the year end approaches we make a couple of sales from our portfolio and some adjustements to our watchlists, to reflect delivery against expectations, and anticipated newsflow in the coming year.

There have been a couple of disappointments, and we name the companies coming into the watchlist to replace those leaving.

We are looking for vibant companies with good management, in safe jurisictions, well financed, and expecting plenty of newsflow.

To Read the November 2023 Market Review, please click HERE

To subscribe to receive our newsletter and onvitations to our free to attend company events, please email andrew@city-investors-circle.com

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Cabral Gold (TSX.V: CBR)

Issued an update on the PFS at Cuiu Cuiu, Tapajos State, Brazil.

The current RC drill program is a significant part of this effort and is aimed at identifying additional higher-grade mineralization. We have completed 69 RC holes to date as part of this program and results are currently pending on 55 holes.  

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Cabral Gold Provides Update on Prefeasibility Study Regarding Exploitation of Near-Surface Gold-in-Oxide Mineralization at Cuiú Cuiú Gold Project, Brazil

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Alan Carter, CEO of Cabral Gold made the following comments on the news update,

We have an update out today on progress regarding our PFS on the near-surface gold-in-oxide mineralization at our Cuiu Cuiu project in Brazil. This is an exciting time for our company as we advance the PFS on the viability of mining the near surface gold-in-oxide material and heap leach processing of that material. If the PFS is positive, it should allow for a construction decision during mid-2024. 

Here are Alan’s thoughts. 

Principle takeaways:

1.     We are making good progress with the PFS. The current RC drill program is a significant part of this effort and is aimed at identifying additional higher-grade mineralization. We have completed 69 RC holes to date as part of this program and results are currently pending on 55 holes, so expect more drill results in the near future

2.     This drilling program has returned some excellent higher-grade results to date. These will be incorporated in a revised resource estimate of the oxide material, which in turn will be incorporated into the mine plan. These positive drill results may result in additional higher-grade material which needs to be assessed for gold recoveries  

3.     As a result, additional column leach metallurgical tests are planned as we consider optimizing throughput rates, pad heights etc. for the heap leach operation.  This additional metallurgical work will require a little more time and the PFS is now likely to be completed during the second quarter of 2024 

4.     A second drill rig has arrived on site and is drilling. This second rig is in the process of completing a geotechnical program aimed at understanding the overall ground conditions prior to the erection of the heap leach pads, the agglomeration and ADR plants, and associated infrastructure. The rig has also been tasked with collecting additional samples for the metallurgical work

5.     OK – so what does this all mean?

• Well, it means that the drill results received thus far have been very positive and are leading to abit of a rethink on several issues including throughput rates – this means the PFS continues to evolve and is generating opportunities to optimize the value of the project which will take abit more time

• We will not have definitive answers on the economic viability of mining and processing the near surface oxide material until Q2 2024 but there will be a lot of news between now and then – obviously if the PFS study is positive, it will be a very significant step forward

• As a reminder, the trial mining and heap leach operation is a stepping stone aimed at providing the Company with sufficient capital to drill 1/. The gaps in the existing resources at the MG and Central gold deposits, 2/. Calculate maiden resources for the PDM and Machichie deposits and 3/. Determine how many of the +45 targets are additional gold deposits .

To read the full news release, please click HERE

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Global Mining Finance Conference

The London Global Mining Finance Conference once again lead investors into the London mining month with some lively and thought provoking presentations, and a wonderful new venue.

We all know the junior mining sector has plummeted, what this conference did was focus on the current undervaluations, and speculate on the opportunities that will be there when market sentiment returns. 

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Pewterers’ Hall entrance

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The Global Mining Finance Conference Commenced The London Mining Month

The London Global Mining Finance Conference once again lead investors into the London mining month, with some lively and thought provoking presentations, and a wonderful new venue.

As is the norm, this conference precedes the two larger conferences taking place in the next two weeks, 121 Mining Forum, and Resourcing Tomorrow.

This boutique event focuses on a combination of a select group of mining companies with a couple of keynote speakers focusing on the commodities and junior mining sectors.

The venue was a new one, the very splendid Pewterers’ Hall, located in the heart of the Foinancial District of the City of London, at St. Paul’s.

We all know the junior mining sector has plummeted over the last couple of years. What this conference did was focus on the current undervaluations, and speculate on the opportunities that will be there when market sentiment returns.

Videos of all the presentations can be found HERE

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Chris Berlet presented Canuc Resources and Stakeholder Gold

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The opening keynote speaker was Angelos Damaskos, founder and CEO of Sector Investment Managers, who spoke the economic outlook and equity market conditions.

The first company presentation was for a private company, but one with a lot of media attention, Cornish Lithium, presented by founder and CEO Jeremy Wrathall.

This project promises to supply lithium to future UK based giga factories, who require local supplies.

The next presenter was Chris Berlet, who made three very interesting short presentations during the course of the conference. Chris presented Canuc Resources, an exploration company based in Mexico with some Texan gas production which funds the company M and A expenses, minimising dilution.

Shaun Bunn, MD of Empire Metals closed the first session with a presentation about exploring for critical minerals in Australia.

The networking break was very busy, in the downstairs spacious hall.

Chris Berlet, President and CEO of Stakeholder Gold opened the second session, wuth another interesting god exploration story, this time in the Yukon. Once again there is a twist in that stakeholder generates cash flow with the sale of exotic blue quartzite from its wholly owned Brazilian subsidiary, Victoria Mining.

Again this minimises diution of the main project, a nice twist on the usual exploration story, of raise after raise.

Alan Carter, CEO,  presented Cabral Gold, a mature gold exploration story in the prolific Tapajos region of Brazil. Alan is looking for early pilot production to fund further exploration, continuing on the theme set by Canuc and Stakeholder of generating early cashflow.

Claude Lemasson, CEO, presented Landore Resources, the final corporate presentation. Landore are developing the BAM gold project in a highly prospective area of Ontario, Canada.

The closing keynote presentation was made by Graham Dallas, Head of EMEA Business development for the TMX Group, owner of the Toronto Stock Exchange.

The conference closed with a lively networking buffet and refreshments.

Given the recent severe downturn in the value of many mining companies, especially the juniors, I was surprised at the excellent turnout the event attracted, and the vibrancy of the networking sessions.

The new venue is superb, and once again the Global Mining Finance Conference had a strong program of companies, and expert keynote speakers.

Videos of all the presentations can be found HERE

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