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Cabral Gold Inc.
Summary
| Project: | Cuiu Cuiu | |
|---|---|---|
| Deposit: | Cuiu Cuiu | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 2/5/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-2-2020: Cabral Gold Inc. announces an Exploration/Drilling Update report for its Cuiu Cuiu deposit at the Cuiu Cuiu project. Drilling results incl. 38.5m @ 1.5g/t Au from 91.5m. Vancouver, British Columbia--(Newsfile Corp. - February 5, 2020) - Cabral G | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Adrian McArthur (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - February 5, 2020) - Cabral Gold Inc. (TSXV: CBR) ("Cabral" or the "Company") is pleased to provide additional drill results from the Phase II diamond drilling program at the Cuiú Cuiú Project. The program was designed to test the continuity of high-grade zones at both the MG (Moreira Gomes) and Central gold deposits. These results are from four holes at the Central deposit where historic drilling returned 34 separate drill intercepts (41 samples) above 10g/t gold, including 12 assays over 1oz/t gold. Gold mineralization at Cuiú Cuiú occurs within broad deformed and altered mineralized corridors within granitic rocks. Within these broad zones, distinctive, narrower higher-grade structural zones occur. Historic drill programs completed between 2008 and 2012 were designed to identify bulk-tonnage resources amenable to large-scale open-pit exploitation. As a result, very little attention was directed towards following up the many higher-grade intervals encountered in those programs (of the 180 historic holes completed from 2008 - 2012, a total of 60 intercepts returned values of greater than 10 g/t gold (see press release dated April 29, 2019). The diamond drill program completed during Q4 2019 was aimed specifically at acquiring additional drill information from several zones of high-grade mineralization which are apparent within the MG and Central deposits. Recent drill results from MG include 7.8m @ 18.5 g/t gold and 5.6m @ 13.0 g/t gold and more importantly provide further proof of at least two high-grade zones within the MG deposit. These recent results are the first drill results from the current Phase II drill program that Cabral has reported from the Central deposit and the first holes drilled at Central since 2012. | |
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