Cabral Gold Inc. (TSX.V: CBR)

Provided assay results from six diamond-drill holes testing the MG gold deposit within the Cuiú Cuiú gold district in northern Brazil.

Highlights included hold DDH272, 17.5m @ 4.0 g/t gold within the primary hard-rock MG gold deposit from 102.9m, including 5.5m @ 10.5 g/t gold from 104.1m  […] 

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Mining Review Sunday Update 17th April 2022

Another good week for gold and other precious metals as US interest rates are looking like having a .5% hike soon. Sadly the other reason is the continuing war in Ukraine.

Companies are releasing drill results from early campaigns, including Cabral Gold and Westhaven Gold. Minera Alamos continues its mine startup at Santana, Mexico.

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Karora Resources – Mining at Higginsville, near Kalgoorlie, Western Australia.

News from our watchlist companies last week

All positive news this week and drill results are coming in thick and fast, with Cabral Gold and Westhaven Gold reporting high grade results from their respective drill campaigns.

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In brief;

Uranium Energy Corp. New CEO Interview podcast

Stock Markets Closed for Good Friday Holiday in Europe and America

Westhaven Gold Drilled 23.03 M of 37.24 G/t Gold

Minera Alamos gave a Santana Mine Q1 Update

Cabral Gold Reported Good Results West of Machichie

Karora Resources Increased Gold Mineral Resources

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General mining news

The new Chilean government of President Gabriel Boric is suing mines operated by  BHP (ASX: BHP), Albemarle (NYSE: ALB) and Antofagasta (LON: ANTO), over alleged environmental damage caused in the northern Salar de Atacama salt flats, the world’s driest place on earth, regarding overuse of water.

Despite assurances to the contrary, it seems that the new Chilean government is starting to show its true colours.

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Market Data (US$)

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Precious Metals

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Base Metals

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Energy metals

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Bulk commodities

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Metal ETF’s

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Miscellaneous

The Mining Review Market Update is complete

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City Investors Circle is based in the financial district in the City of London

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.

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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. […] 

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Trench digging in the red South American soil at the Cuiú Cuiú gold district, Tapajos region, Brazil.

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Cabral Gold Reports Positive Results from New Surface Trenches West of Machichie Main Zone, Cuiú Cuiú Gold District7th April 2022

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City Investors Circle Market Review for March 2022 published

The main focus is on critical commodities for the global supply chain that may be effected by the Ukraine war. Russia produces nickel sulphide, used for EV batteries.

The featured company is Cabral Gold, and companies commented on include Calidus Resources, Cornish Metals, Gold Road Resources, Karora Resources, Neometals, Newcore Gold, and O3 Mining. 

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Neometals Primobius JV official opening

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City Investors Circle Market Review for March 2022 published

To read the Market Review review please click here

The March Market Review featured an explanation of why the London Metal Exchange halted nickel trading, then would back the day’s trades, after they had been executed!

There is a general view of the current politics and the likely effects on commodities, and our lives. Times are changing.

We feature a review of Cabral Gold in the company spotlight.

We comment on companies on our watchlist that made news during the month.

We list our the latest commodity price and monthly movements in price.

We outline movements in the main market indices.

We feature the main crypto prices.

To read the Market Review please click here

To subscribe to our free monthly reviews and receive invitations to our events, please email andrew@city-investors-circle.com

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=======

.

City Investors Circle is based in the financial district in the City of London

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 Inc. (TSX.V: CBR)

Reported assay results from two diamond-drill holes testing the MG gold deposit within the Cuiú Cuiú gold district in northern Brazil.

The highlight was 2.6m @ 28.9 g/t gold within the primary hard-rock MG gold deposit from 117.5m, including 1.0m @ 64.6 g/t gold from 119.1m.   […] 

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Cabral Gold Drills More Bonanza Grades at MG, including 2.6m @ 28.9g/t Gold and 1.6m @ 32.8g/t Gold, within the Cuiú Cuiú Gold District

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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City Investors Circle is based in the financial district in the City of London

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.

.

.

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Mining Review Sunday Update 13th February 

The media is talking up the potential for a war in the Ukraine and an imminent Russian invasion, and that is driving gold and oil prices upwards.

Gold was up 3% week on week, and silver an impressive 5%. Naturally many gold and silver juniors had a good week as a result.   […] 

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Gold in drill core from Beta Hunt mine, Karora Resources, Western Australia

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City Investors Circle Mining Review Sunday Update 13th February 

The media is talking up the potential for a war in the Ukraine and an imminent Russian invasion, and that is driving gold and oil prices upwards.

Gold was up 3% week on week, and silver an impressive 5%. Naturally many gold and silver juniors had a good week as a result. Gold was helped by rising US inflation as much as Ukraine tensions

The dollar also rose on increased interest rate speculation, perm any one of many different speculations as to the number of rises rumoured throughout the media. I still insist there is a limit as to how high rates can go as their level effects government borrowing costs.

Barrick Gold reported depletion after mining of +150% in 2021, after a few years of falling reserves, a positive sign.

Chaarat Gold are experiencing hard times trying to raise the capex for their mine in the Kyrgyz Republic, due to the fact that the state have taken the Kumtor Gold Mine from Centerra Gold, who have no choice but to negotiate a settlement. 

Obviously that action has caused potential financiers to lose faith in the Kyrgyz Republic, and who can blame them?  They have acted in bad faith in my opinion, and deserve the negative publicity they have received. Sadly none of this is the fault of Chaarat’s shareholders (nor Centerra’s either for that matter), yes as always it is the shareholders who will suffer.

For this reason I am very choosy about the jurisdictions I invest in.

Stocks on our watchlist in the news this week;

Cabral Gold Drills 23.8m @ 5.5 g/t gold at Cuiú Cuiú, Tapajos, Brazil

Calidus Resources commits to a renewable micro grid at the Warrawoona Gold Project 

O3 Mining Reported 96% Gold Recoveries at Marban

 American Creek JV Partner CEO Ken Konkin interview

 Karora Resources Beta Hunt Shear Zone extended

 Argosy Minerals Is on Schedule For Production in H2 2022

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Market data

In US$

Precious metals

Gold and silver were boosted by rising US inflation figures, and ongoing Ukrainian war tension.

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Base Metals

Tin was boosted by threats of an Indonesian export ban.

Copper stocks are alarmingly low, although Shanghai received a new stock on Friday, possibly Chinese government reserve being released.

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Energy Metals

Lithium continues to rise exponentially as prices in China rise due to increased EV battery demand.

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Bulk commodities

Iron ore demand from China is increasing at the same time as supply from Australia is struggling to keep pace.

The Chinese government are taking action to curb the price of coking coal after the recent rise to all time highs.

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ETF’s

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City Investors Circle is based in the financial district in the City of London

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.

.

Highlights included Hole DDH250, which intersected 111.3m of nearly continuous mineralization from surface at the Central deposit, including 23.8m @ 5.5 g/t gold from 87.5m.   […] 

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Cabral Gold – MG Deposit, Para state, Brazil

Cabral Gold Drills 23.8m @ 5.5 g/t gold in Unoxidized Material and 84.9m @ 0.7 g/t Gold of Oxide Material at Central within the Cuiú Cuiú Gold District, Para State.

Vancouver, British Columbia – February 10, 2022 – Cabral Gold Inc.  (TSXV: CBR) (OTC: CBGZF) (“Cabral” or the “Company”) is pleased to provide assay results from three diamond-drill holes testing the Central gold deposit within the Cuiú Cuiú gold district in northern Brazil.    Highlights are as follows:   DDH250, intersected 111.3m of nearly continuous mineralization from surface at the Central deposit, including 23.8m @ 5.5 g/t gold from 87.5m, in hard unoxidized, brecciated and altered basement intrusive rocks including 0.7m @ 98.4 g/t gold from 87.5m, and 1.2m @ 51.0 g/t gold from 110.1m   84.9m @ 0.7 g/t gold from surface within oxidized rocks directly above the unoxidized mineralization, including 16.7@ 0.5 g/t gold from surface in the gold-in-oxide blanket, and 68.2m @ 0.8 g/t gold from 16.7m in oxidized and weathered intrusive rocks   DDH255 returned 37.0m @ 1.3 g/t gold from 42.0m in oxidized and weathered basement rocks, including 1.6m @ 13.0 g/t gold, from 44.0m. The hole also intersected 17m @ 0.2 g/t gold from surface within gold-in-oxide blanket material   DDH258 also intersected 60m @ 0.8 g/t gold from 121.0m in hard brecciated and altered basement mineralization. The hole also returned a thin veneer of blanket cover, returning 5.8m @ 0.2 g/t gold from surface and 19.0m @ 0.3 g/t gold from 64.0m in oxidized weathered and mineralized basement rocks.  The hole ended in mineralization grading 0.9 g/t gold, suggesting mineralization is open at depth     Cabral Gold management comments “The results from the diamond drilling at the Central gold deposit are exceeding our expectations. “There is clearly a thick zone of soft, weathered, mineralized gold-in-oxide material sitting directly above the primary Central gold deposit. Furthermore, these results confirm that significant zones of high-grade gold mineralization occur within the underlying, unweathered and hard basement gold deposit. “With four drill rigs currently turning at Cuiú Cuiú, and several new discoveries within the district, notably at PDM and Machichie, we look forward to a very busy few months and a constant stream of drill results.” Alan Carter, Cabral Gold President and CEO .     Central Diamond-Drill Results   The Central gold deposit is located 2.5km SE of the PDM target (Figure 1) within the Cuiú Cuiú gold district.

Figure 1: Map showing the location of the Central gold deposit as well as the MG gold deposit, the PDM and MG gold-in-oxide blankets, and other key targets (yellow circles) within this part of the Cuiú Cuiú district.

Two rigs are currently operating at Central: an RC rig drilling shallow holes to assess the extent of the recently identified near-surface gold-in-oxide blanket (see press release dated January 27, 2022) and a diamond rig to better define the high-grade, highly altered, brecciated and sheared zones within the primary basement deposit as well as to test the near surface gold-in-oxide blanket.

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For brevity, this summary has been abridged, to read the full news release, please click HERE

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.

City Investors Circle is based in the financial district in the City of London

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 Sunday Update 6th February 2022

Gold is oscillating around the US$1,800 level, and has been for some time, and the feeling is it will continue to do so for some time yet, unless some significant news moves it strongly in one direction.

Radisson Mining, Cabral Gold, and Eloro Resources all reported good drill results, and Neometals reported their financials.

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Eloro Resources Tumi

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Mining Review Sunday Update 6th February 2022

Gold is oscillating around the US$1,800 level, and has been for some time, and the feeling is it will continue to do so for some time yet, unless some significant news moves it strongly in one direction.

It was a pretty uneventful week for metal prices, although iron ore was up 4% and coking coal down 7%, the first significant divergence for a while.

Radisson Mining, Cabral Gold, and Eloro Resources all reported good drill results, and Neometals reported their financials, see the links below.

Many of our tier 2 exploration plays continue to fall despite gold bouncing a little and companies advancing their projects. This is obviously frustrating, but sooner or later investors will surely see the undervaluations in the mining sector and  buyers will return again?

It has been confirmed that China and India have been buyers of gold recently, a good sign that these large countries that traditionally use gold as a store of value still do so.

Apart from gold, I think the metals to watch are in the EV space, namely lithium, copper, nickel, and cobalt. One wonders where all the metals required for the giga factories are going to come from?

I’m of the opinion that the extinction of the internal combustion engine by government mandate will be extended due to the shortage of metals required for EV’s.

Stocks from our watchlist in the news this week

 Radisson Mining intersects 38.34 g/t gold over 2m

 Neometals Published their Quarterly Activities Report

 Cabral Gold Trenching returns 5m @ 8.3 g/t gold

 Eloro Resources Intersect 239.7 g Ag Eq at Iska Iska

Market data

In US$

Precious metals

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Base metals

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Energy Metals

Bulk Commodities

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Metal ETF’s

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For brevity, this summary has been redacted, to read the full news release, please click HERE.

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City Investors Circle is based in the financial district in the City of London

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)

Reported assay results from an initial 12 RC drill holes and three diamond holes drilled within and above the Central gold deposit within the Cuiú Cuiú gold district in northern Brazil. 

The Highlight was  55.1m @ 1.1 g/t gold including 5m @ 6.1 g/t gold.  […]

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Cabral Gold Drills 55.1m @ 1.1 g/t gold including 5m @ 6.1 g/t gold, and Identifies a Third Gold-in-Oxide Blanket within Cuiú Cuiú Gold District

Highlights are as follows:

• DDH251, intersected gold-in-oxide mineralization at the Central deposit, and returned 
• 55.1m @ 1.1 g/t gold from 4.9m depth
• including 5m @ 6.1 g/t gold 
• and 15.5m @ 1.7 g/t gold from 65.8m depth
• and 3.5m @ 0.8 g/t gold from 81.3m depth in un-weathered and highly brecciate and altered intrusive rocks beneath the oxidation

• DDH247, also drilled at Central, returned 11.0m @ 0.7 g/t gold from surface, in gold-in-oxide blanket material, as well as 20.4m @ 0.5 g/t gold and 23.3m @ 0.3 g/t gold in un-weathered and highly brecciate and altered intrusive rocks further down the hole 

• Results on an initial 10 shallow RC holes drilled within and around the northern part of the Central deposit, revealed a thin but consistent gold-in-oxide blanket. Results of note include RC259 which returned 26m @ 0.4 g/t gold in oxidized material from surface 

Cabral Gold Management comments

“The results from the initial drilling at the Central gold deposit clearly demonstrate that we have a significant zone of gold-in-oxide mineralization forming a blanket above the primary Central deposit.

“This is the third gold-in-oxide blanket identified at Cuiú Cuiú since the initial discovery at MG in April of last year, and these recent discoveries are in addition to the two existing hard-rock deposits with resources at Cuiú Cuiú.

“At this stage, we do not know the extent of the blanket or how much of this material at Central is in-situ weathered primary gold mineralization, and how much is transported cover material.

“Nevertheless, both types of material are expected to add significantly to the inventory of potentially leachable gold-in-oxide deposits recently identified at MG and PDM.

“Additional drilling over the next months is expected to further define the limits of the oxide material at Central, whilst providing further definition of the high-grade zones within the underlying primary deposit at Central.”

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.   […]

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Cabral Gold Reviews 2021 Achievements and Outlines Plans for 2022 at Cuiú Cuiú Gold District, Brazil

6th January 2022

City Investors Circle Annual Review 2021 published

The Review covers the best performing stocks that have presented to us in London, the biggest risers from the watchlist during 2021, as well as the commodities that rose the most over the last year.  […] 

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Lefroy Exploration Drill crew, Western Australia

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City Investors Circle Annual Review 2021 published

The Review covers the best performing stocks that have presented to us in London, the biggest risers from the watchlist during 2021, as well as the commodities that rose the most over the last year.

The Review looks at the performance of a large group of companies that have presented live to us in London since 2014, and the results vindicate the value of attending company presentations.

We then cover the best performing companies on the watchlist in 2021, where there have been some significant gains, and few losses, despite a poor market.

Four of the companies on the watchlist were bought out in 2021, two of the deals we liked as they look to make sense, the other two, and in particular Roxgold’s sale to Fortuna Silver look like a poor deal in my opinion.

Finally we look at the commodities’ performance over the last year, where most gained and very few went down.

To read the Annual Mining Review for 2021, please click HERE

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Cabral Gold Inc. (TSX.V: CBR)

Provided assay results from four diamond-drill holes completed at the PDM target beneath the recently identified gold-in-oxide blanket, within the Cuiú Cuiú gold district in northern Brazil.

Diamond-drill hole DDH238 drilled at the PDM target beneath the recently identified gold-in-oxide blanket returned 22.4m @ 4.8 g/t gold from 114.1m.

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Cabral Gold – MG Deposit, Para state, Brazil

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Cabral Gold Drills 22.4m @ 4.8 g/t gold including 1.35m @ 62.0 g/t gold Beneath Gold-in-Oxide Blanket at PDM Target, Cuiú Cuiú Gold District, Brazil

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15th December 2021

Cabral Gold Inc. (TSX.V: CBR)

Provided assay results from five diamond-drill holes completed at the MG gold-in-oxide blanket, and also results from reconnaissance drilling at the Alonso target within the Cuiú Cuiú gold district in northern Brazil.

Diamond-drill hole MET04 drilled at the gold-in-oxide blanket at MG returned 70.8m @ 1.0 g/t gold from surface, including 17.0m @ 3.3 g/t gold from 41.0m depth.

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Cabral Gold Drills 70.8m @ 1.0 g/t Gold at MG Gold-in-Oxide Blanket and Identifies New Gold Anomaly North of Alonso at Cuiú Cuiú Gold District, Brazil

For brevity, this summary has been redacted, to read the full news release, please click HERE

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City Investors Circle is based in the financial district in the City of London

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.

.

To read our full terms and conditions, please click HERE

,

Cabral Gold (TSX.V: CBR)

Results have been received from 17 additional RC drill holes which were designed to test the extent and continuity of the MG gold-in-oxide blanket which overlies the primary MG gold deposit. Based on these results, the surface area of the blanket has been expanded by at least 20%, to a total of 24 hectares.

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Cabral Gold – MG Deposit, Para State, Brazil

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Cabral Gold Continues to Expand the Gold-in-Oxide Blanket 

at the MG Target, Cuiú Cuiú District, Brazil 

Highlights are as follows:

• Results have been received from 17 additional RC drill holes which were designed to test the extent and continuity of the MG gold-in-oxide blanket which overlies the primary MG gold deposit. Based on these results, the surface area of the blanket has been expanded by at least 20%, to a total of 24 hectares

• Significant results on several sections through the blanket include 66m @ 0.7 g/t gold, 24m @ 0.8 g/t gold, 23m @ 0.6 g/t gold, and 12m @ 0.8 g/t gold. The most easterly hole drilled to date (RC160) returned 23m @ 0.6 g/t gold and the gold-in-oxide blanket mineralization remains open in almost every direction

• RC161 also returned 17m @ 1.0 g/t gold including 1m @ 7.5 g/t gold in the underlying primary MG gold deposit. As a result of these encouraging results the drill program at the MG gold-in-oxide blanket has been expanded from the initial 74-hole program to a total of 86 planned holes of which eight will be diamond drill holes

Cabral Gold management comments