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Cabral Gold Inc.
Summary
| Project: | Cuiu Cuiu | |
|---|---|---|
| Deposit: | Cuiu Cuiu | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 6/7/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-6-2018: Cabral Gold Inc. announces a Resource Estimation report for its Cuiu Cuiu deposit at the Cuiu Cuiu project. Updated mineral resource estimate at Culu Culu. Vancouver, British Columbia--(Newsfile Corp. - June 7, 2018) - Cabral Gold Inc. (TSXV: CB | |
| 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: | Vancouver, British Columbia--(Newsfile Corp. - June 7, 2018) - Cabral Gold Inc. (TSXV: CBR) ("Cabral" or the "Company") is pleased to announce the completion of a new NI 43-101 gold mineral resource estimate for four deposits at its Cuiú Cuiú Project, located in the state of Pará in northern Brazil. The Cuiú Cuiú property is contiguous to the northwest of Eldorado Gold Corporation's ("Eldorado Gold") advanced Tocantinzinho gold project (Figure 1). Cabral's 2018 NI 43-101 Mineral Resource Estimate was completed by Micon International Limited (Micon), and totals 5.9MM tonnes grading 0.9 g/t Au (Indicated) and 19.5MM tonnes grading 1.2 g/t Au (Inferred), or 0.2MM ounces and 0.8MM ounces of gold, respectively (Table 1). Top cuts were applied ranging from 2 to 20 g/t Au. These were determined based on a variety of statistical methods for each subzone of two larger deposits. No top cuts were required for two smaller, lower grade satellite deposits. Economic parameters used in determining pit shell and underground dimensions for this constrained resource were largely based on recent economic studies at Tocantinzinho available on Eldorado Gold's web site. In order to better compare with historic resources. Micon also provided an estimate without top cuts. This should not be considered the current resource estimate. Without applying top cuts, the 2018 pit/underground constrained estimate would report 57% more gold, being 6.4MM tonnes grading 1.0 g/t Au (indicated) and 23.3MM tonnes grading 1.7 g/t Au (inferred), or 0.2MM ounces and | |
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