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Cabral Gold Inc.
Summary
| Project: | Cuiu Cuiu | |
|---|---|---|
| Deposit: | Cuiu Cuiu | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 4/29/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-4-2019: Cabral Gold Inc. announces an Exploration/Drilling Update report for its Cuiu Cuiu deposit at the Cuiu Cuiu project. Drilling results incl. 40.9m @ 0.8g/t Au from 101.4m. Vancouver, British Columbia--(Newsfile Corp. - April 29, 2019) - Cabral G | |
| 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: | Vancouver, British Columbia--(Newsfile Corp. - April 29, 2019) - Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) ("Cabral" or the "Company") is pleased to provide an update on the 2019 drilling program and a review of the historic drill data at its MG and Central deposits at the Cuiú Cuiú Project, Pará State, Brazil. The Seis Irmaos target is located approximately 300m south of the MG deposit which is one of two main deposits currently known at Cuiú Cuiú (Figures 1 and 2). The MG deposit contains Inferred resources of 8.6MMt @ 1.45 g/t gold (0.4MMoz of gold). The Seis Irmaos target is the third of nine targets to be tested as part of the 2019 drill program, has never been previously drill tested and is characterised by a magnetic low and a number of high grade surface samples ranging from 17 to 55 g/t gold. A coincident gold-in-auger sample anomaly is also evident on surface. A single hole (CC187-19) was completed on this target to a depth of 148m and intersected 0.7m @ 12.7 g/t gold in a quartz vein with strong pyritic alteration from 62.0-62.7m (Figure 2). This represents a new high-grade structure within close proximity to the MG deposit and will require follow up drilling. Three holes (CC-184-19, CC185-19 and CC186-19) were drilled with oriented core at the MG target (Figures 1 and 2), testing a structurally complex area wherein historic drilling encountered high grades (e.g. CC104-10 cut 0.5m @ 264.9 g/t gold, CC69-10 which cut 0.5m @ 154.5 g/t gold and CC101-10 which cut 0.8m @ 20.6g/t gold. Of the three recent holes, only one, CC185-19 cut significant mineralization and returned 40.9m @ 0.8 g/t gold from101.4 to 142.3m, including 10.1m @ 1.4 g/t gold from 101.4 to 111.5m. The intercept occurs approximately 200m up-dip from a historic deeper intercept in hole CC101-10, which returned 25m @ 2.3 g/t Au from396.0mto 421.0mincluding; 1.5m @ 14.0 g/t gold, 0.8m @ 11.3 g/t gold, and 1m @ 9.3 g/t gold. There are a number of high-grade zones evident within the MG resource as discussed below. While the three 2019 holes did not encounter high-grade values, the oriented core provided important data suggesting high-grade, steep north-dipping mineralization may be partly controlled by crosscutting structures. Further work will be required in order to better constrain the continuity of such zones. | |
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