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Cabral Gold Inc.
Summary
| Project: | Cuiu Cuiu | |
|---|---|---|
| Deposit: | Cuiu Cuiu | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 5/16/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-5-2019: Cabral Gold Inc. announces an Exploration/Drilling Update report for its Cuiu Cuiu deposit at the Cuiu Cuiu project. Drilling results incl. 2.8m @ 19.5g/t Au from 42.2m. The Morro da Lua target is the most northerly of the ten targets tested du | |
| 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 (Not stated) | |
| ABSTRACT: | The Morro da Lua target is the most northerly of the ten targets tested during the recent drill campaign (see Figure 1) and is characterised by NE and E-W trending magnetic features, and a moderate gold-in-soil anomaly extending over an area of 1500m E-W x 700m N-S. It is also the location of numerous historic shafts developed by garimpeiro miners, which were notable for producing a high proportion of samples with visible gold. The shafts are located upstream from alluvial workings extending two kilometers to the north. Surface grab samples from vein samples excavated from these shafts during mid-2018 returned results ranging from 5.5 to 162.4 g/t gold (Figure 2) within an area of 220m E-W and 210m N-S (see press release dated 19 th June 2018). Channel samples taken during 2018 across two individual veins exposed in narrow underground galleries, returned grades of 0.3m @ 10.9 g/t gold and 0.3m @ 16.3 g/t gold. A single hole (CC194-19) was completed on this target to a depth of 183m and intersected 2.8m @ 19.5 g/t gold from 42.2 to 45.0m including 0.7m @ 70.3 g/t gold from 42.2m. In addition, the hole intersected 0.5m @ 9.1g/t gold from99.9m and 0.6m @ 14.8g/t gold from 130.9m indicating the presence of at least three high grade veins. The drilling at Morro da Lua has confirmed the presence of multiple high-grade veins at depth and more importantly confirmed the continuation of high-grade mineralization at depth. Further drilling will be required to establish the vertical and lateral continuity of these high-grade veins. | |
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