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Cabral Gold Inc.
Summary
| Project: | Cuiu Cuiu | |
|---|---|---|
| Deposit: | Cuiu Cuiu | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 12/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-12-2018: Cabral Gold Inc. announces a Resource Estimation report for its Cuiu Cuiu deposit at the Cuiu Cuiu project. Amended previous mineral resource estimate announcement. At the request of Dr. Alan Carter, President and Chief Executive Officer of Ca | |
| 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: | [Resources]: Thomas Stubens (Micon International Ltd.) | |
| ABSTRACT: | At the request of Dr. Alan Carter, President and Chief Executive Officer of Cabral Gold Inc. (Cabral), Micon International Limited (Micon) has undertaken an independent technical review of the mineral exploration completed on the Cuiú Cuiú gold property in the Tapajós region of Pará State, North-Central Brazil for Cabral. The Cuiú Cuiú project was formerly controlled by Magellan Minerals Ltd. (Magellan) which completed a mineral resource estimate and Technical Report under Canadian National Instrument (NI) 43-101 dated April 19, 2011 and filed on SEDAR on April 21, 2011. The estimate was prepared by Pincock Allen & Holt (PAH). Since the completion of the 2011 mineral resource estimate, approximately 22,000 m of additional drilling on several targets is reported to have been performed by Magellan. This drilling and its results are described in this report. In 2017, following the acquisition of the Cuiú Cuiú project, Cabral contracted Micon to incorporate the new drilling into new mineral resource estimates of Central and Moreira Gomes and to estimate the mineral resources of Central North and Jerimum de Baixo. The new Cuiú Cuiú Mineral Resource estimate is discussed in this report. In this new report for Cabral, the project’s 2011 mineral resources are presented as historic mineral resources as described in NI 43-101. They should no longer be considered current as they are superseded by the mineral resource estimate discussed here-in. 1.2 GENERAL The Cuiú Cuiú gold project consists of several shear zone-hosted gold deposits that occur within granitic rocks of the Cuiú Cuiú Complex (2,015 Ma), in the Tapajós Region of northern Brazil. This region was the site of a major gold rush by artisanal miners from the late 1970s until the late 1990s which, according to the Brazilian Department of Mineral Production (DNPM) had a total historical production of between 20 and 30 million ounces of gold. Cuiú Cuiú is one of the earliest garimpos in the province active with the arrival of the first garimpeiros in 1958. | |
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