Cabral Gold hits mineralized vein at previously untested Indio target on the Cuiú Cuiú project in Brazil

Cabral Gold Inc (CVE:CBR) (OTCPINK:CBGZF) reported new assay results from its ongoing drill programs at two targets on its flagship Cuiú Cuiú project in northern Brazil.

The Vancouver-based junior said it had drilled a new mineralized vein at the previously untested Indio target, with intersections including four metres at 2.5 grams per ton (g/t) gold, including one metre at 8.7 g/t gold in one hole.

Another hole hit five metres at 2.6 g/t gold, including 2 metres at 5.7 g/t gold, suggesting the presence of a previously unknown high-grade vein, according to Cabral.

READ: Cabral Gold adds third drill rig to 5,000m program at Cuiú Cuiú project in Brazil

At the more advanced Machichie target, assay results from follow-up reverse circulation drilling revealed 34 metres at 5.4 g/t gold, including 8 metres at 1.3 g/t gold, 2 metres 4 g/t gold from the eastern extension to the zone and 5 metres at 1.4 g/t gold, including 1 metre at 4.7 g/t gold in the western part of the zone.

Drilling is also ongoing at the JM and MG targets, Cabral told investors.

“The initial results from the previously untested Indio target are highly encouraging and suggest the presence of another high-grade mineralized structure at Cuiú Cuiú with continuity of high-grade,” Cabral CEO Alan Carter said in a statement accompanying the results.

“At Machichie, additional follow-up drilling continues to expand the mineralized zone to the east and west and confirms the presence of a mineralized system that is very similar to the MG gold deposit located 500 metres to the south. We look forward to the results of recent and ongoing drilling at the high-grade portions of the MG deposit as well as the JM, JN, Hamilton Novo and Maranhao West targets.”

Further drilling will be required at the Indio target, Carter added.

Cuiú Cuiú is located in the Tapajós region, within the state of Pará in northern Brazil. Two gold deposits have so far been defined at the project and contain 43-101 compliant indicated resources of 5.9 million tons at 0.9 g/t for 200,000 ounces of gold and inferred resources of 19.5 million tons at 1.2 g/t for 800,000 ounces.

Contact Angela at [email protected]

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Story by ProactiveInvestors