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Cabral Gold Inc.
Summary
| Project: | Cuiu Cuiu | |
|---|---|---|
| Deposit: | Cuiu Cuiu | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 3/26/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-3-2019: Cabral Gold Inc. announces an Exploration/Drilling Update report for its Cuiu Cuiu deposit at the Cuiu Cuiu project. Drilling results incl. 15.9m @ 1.7g/t Au from 79.0m. Vancouver, British Columbia--(Newsfile Corp. - March 26, 2019) - Cabral Go | |
| 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. - March 26, 2019) - Cabral Gold Inc. (TSXV:CBR) (OTCPINK:CBGZF) ("Cabral" or the "Company") is pleased to announce drill results from the Machichie East target at the Cuiú Cuiú Project, Pará State, northern Brazil. These results follow recent initial results from the nearby Machichie target, which like Machichie East, was never previously drill tested. The Machichie East Phase Ireconnaissance diamond-drill program is part of a larger 20-hole reconnaissance program designed to test nine separate high-grade gold targets. A single reconnaissance drill hole CC183-19, was completed to a depth of 250.5m at Machichie East, a target which had never been previously drill tested. The hole was located 400m NE of hole CC177-19 at the recently announced Machichie discovery (see press release dated 28 th February 2019), and was designed to test a coincident magnetic low, IP chargeability high anomaly, and multi-element saprolite/soil geochemical anomaly. The hole intersected 15.9m @ 1.73 g/t gold from 79m, including 0.5m @ 21.3 g/t gold from 86.5m and 1m @ 10.3 g/t gold from 91.4m associated with strong silica-pyrite alteration and quartz-pyrite vein zones (see Figures 1 and 2). Several additional shorter and lower grade intersections were intersected elsewhere in the hole (see Table 1). | |
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