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Cabral Gold Inc.
Summary
| Project: | Cuiu Cuiu | |
|---|---|---|
| Deposit: | Machichie | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 2/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-2-2019: Cabral Gold Inc. announces an Exploration/Drilling Update report for its Machichie deposit at the Cuiu Cuiu project. Drilling results incl. 3.4m @ 36.9g/t Au from 32.2m. Vancouver, British Columbia--(Newsfile Corp. - February 28, 2019) - Cabral | |
| Resources: | (Resource): 5.9Mt @ 0.9g/t Au (Ind.) and 19.5Mt @ 1.2g/t Au (Inf.) at project | |
| CP/QP: | [Overall Report]: Dr. Adrian McArthur (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - February 28, 2019) - Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) ("Cabral" or the "Company") commenced its inaugural diamond drill program this January, and is very pleased to announce the discovery of a new high-grade gold system following the initial six reconnaissance diamond drill holes at the Machichie target at the Cuiú Cuiú Project, Pará State, northern Brazil. The Machichie target has never been previously drill tested. This Machichie Phase I reconnaissance diamond-drill program is part of a larger 20-hole reconnaissance program designed to test nine separate high-grade gold targets. The Machichie target is located just 500m north of the MG deposit. MG is currently the second largest gold deposit known at Cuiú Cuiú, with an Inferred Resource of 8.6MMt @ 1.45 g/t gold (0.4MMoz of gold) [1] . Machichie was selected as a priority target for drill testing following the identification of high-grade gold mineralization from shallow artisanal shafts in mid-2018 (see press release dated July 19, 2018). A composite grab sample returned 336 g/t Au from a 1m wide quartz-pyrite vein in the principal shaft in the area. Results from channel sampling in subsidiary shafts and galleries in weathered bedrock along strike included 0.80m @ 54.6 g/t Au, 1.5m @ 13.8 g/t Au, 0.75m @ 13.2 g/t gold and 1.75m @ 5.8 g/t gold. A recent grab sample from stockpiles of the principal shaft returned 356 g/t Au, 198 g/t Ag, 1% Cu and 0.1% Mo (see press release dated January 29, 2019). | |
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