Cabral Gold reveals new drill results from Morro da Lua target; adds two new rigs to boost drill program at Cuiú Cuiú

Cabral Gold Inc (CVE:CBR) (OTCMKTS:CBGZF) (FRA:C3J) said it had added another two drill rigs to its flagship Cuiú Cuiú property in Brazil, bringing the total number of rigs in operation to five. 

The news comes as Cabral revealed another set of results from ongoing drilling at its Morro da Lua target that pinpointed at least three high-grade veins that continue along strike and down dip. 

The drilling was designed to establish the continuity of veins, where drilling had previously intersected 2.8 metres (m) at 19.5 grams per ton (g/t) gold, 0.6m at 14.8 g/t gold and 0.5m at 9.1 g/t gold. 

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Highlights from the most recent set of drill results include 2m at 10.5 g/t gold, 3m at 6.6 g/t gold, 1m at 6.2 g/t gold and 2m at 3.6 g/t gold.

Cabral told shareholders that the results “indicate continuity along strike and down-dip”, as well as the presence of a new mineralized vein structure.

Morro da Lua is one of 43 targets identified on the project so far, in addition to the Central and MG gold deposits at Cuiú Cuiú, and one of 10 targets with high-grade drill results.

“The results from six follow up RC holes at the Morro da Lua target are highly encouraging and suggest that high-grade gold mineralization occurs in at least three veins and extends along strike and down dip,” Cabral CEO Alan Carter said in a statement.

“We have now demonstrated that the high-grade intercepts are not isolated and additional drilling will be required to fully understand the extent of the high-grade veins at Morro da Lua.”

Carter added that the addition of two more diamond drill rigs on site will allow the firm to “aggressively” drill off the high-grade zones at MG, Central and Machichie, and continue to define the gold-in-oxide blanket at MG and test other regional targets within the Cuiú Cuiú district.

Vancouver-based Cabral owns a 100% interest in the Cuiú Cuiú gold district located in the Tapajós Region, within the state of Pará in northern Brazil. Two gold deposits have so far been defined at Cuiú Cuiú and contain 43-101 compliant Indicated resources of 5.9 million tons at 0.90 g/t, for 200,000 ounces, and inferred resources of 19.5 million tons at 1.24 g/t or 800,000 ounces.

Contact Angela at [email protected]

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Story by ProactiveInvestors