Cabral Gold discovers more high-grade gold at its Cuiú Cuiú project in Brazil

Cabral Gold Inc (CVE:CBR) (OTCPINK:CBGZF) (FRA:C3J) reported additional assay results from several recently-completed diamond drill holes at the MG deposit within the company’s flagship Cuiú Cuiú project in Brazil. 

Drill results included 60 metres (m) of 3.5 grams per tonne (g/t) gold as well as 2.6m of 64.6 g/t gold from surface. 

“These latest results from the diamond drilling at the MG deposit suggest that the recently identified mineralized oxide blanket, which has resulted from weathering and overlies the MG deposit, contains much higher-grade zones than we previously envisaged and over thicker intervals,” Cabral Gold CEO Alan Carter said in a statement. 

READ: Cabral Gold continuing to find gold targets at Cuiú Cuiú project in north-eastern Brazil

“This gold mineralization occurs at or close to surface in free-digging material, much of which was assumed to be sterile in the last resource estimate completed in 2018. I said a few weeks ago that the identification of this oxide blanket could be a game-changer, and these results support this view,” Carter added.

“We expect that it could significantly add to the MG resource and we are now considering the possibility of identifying other oxide gold blankets elsewhere in the Cuiú Cuiú gold district.”

The company noted that assay results were returned on three additional diamond drill holes, which were recently completed at MG as part of the current diamond drill program designed to define the limits to the high-grade zones within the existing MG and Central deposits at Cuiú Cuiú.

Cabral said drilling to date suggests that the blanket mineralization extends at least 200m north and south of the margins of the MG deposit and appears to cover an area of about 500m by 400m.

It added that results are pending on additional diamond drill holes, drilled on section 50m further west, which was designed to test the high-grade zones at MG and the extent of the gold-in-oxide blanket.

Cabral Gold is developing its 100%-owned Cuiú Cuiú gold project located in the Tapajós Region, within the state of Pará in northern Brazil. The Tapajós Gold Province is the site of the largest gold rush in Brazil’s history, producing an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. 

Contact Sean at [email protected]

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