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Cabral Gold Inc.
Summary
| Project: | Cuiu Cuiu | |
|---|---|---|
| Deposit: | Central SE | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 8/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-8-2018: Cabral Gold Inc. announces an Exploration/Drilling Update report for its Central SE deposit at the Cuiu Cuiu project. Drilling results incl. 27m @ 6.9g/t Au. Vancouver, British Columbia--(Newsfile Corp. - August 27, 2018) - Cabral Gold Inc. ("C | |
| Resources: | (Resource, I+I): 5.8Mt @ 0.90g/t Au for 171Koz Au (Ind.), 19.52Mt @ 1.24g/t Au for 776Koz Au (Inf.) | |
| CP/QP: | [Overall Report]: Adrian McArthur (Independent) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - August 27, 2018) - Cabral Gold Inc. ("Cabral" or the "Company") (TSXV: CBR) (OTC Pink: CBGZF) is pleased to provide an exploration update on the Cuiú Cuiú Project, Pará State, northern Brazil, where a new high-priority target has been identified extending SE along strike from the Central gold resource. Highlights Auger drilling to the southeast of the Central deposit which contains 485,000oz (Indicated resources of 5.9MMt @ 0.9 g/t Au + Inferred resources of 8.7MMt @ 1.1 g/t Au) has identified a broad gold-in-saprolite anomaly of +100ppb Au, extending 250m across strike in a north-south direction The anomaly is located 1km SE of the Central deposit and 550m ESE of drill hole CC138-11 which intersected 6.9 g/t Au over 27m. It is well outside the current resource at Central and is open in all directions The auger line is located east of the limit of previous exploratory drilling and extends the Pau de Merenda - Central mineralized corridor by at least 1km. The position represents a priority target to test for extensions to the Central deposit. Cabral's current exploration program includes a campaign of auger drilling which is designed to test for mineralized saprolite (weathered bedrock) following the recent recognition of widespread younger transported sedimentary cover in the district. Recent work (see press release dated August 9, 2018) has demonstrated that mineralized zones that exist below this transported sedimentary cover result in weak to no gold-in-soil geochemical responses. | |
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