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Cabral Gold Inc.

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Summary

Project:

Cuiu Cuiu

Deposit:Moreira Gomes
Location:Brazil
Commodities:Gold
Date:1/20/2020
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:20-1-2020: Cabral Gold Inc. announces an Exploration/Drilling Update report for its Moreira Gomes deposit at the Cuiu Cuiu project. Drilling results incl. 16.9m @ 9.6g/t Au from 82.6m. Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Cab
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Adrian McArthur (Not stated)
ABSTRACT:Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - Cabral Gold Inc. (TSXV: CBR) ("Cabral" or the "Company") is pleased to provide results from an additional four diamond drill holes from the Phase II drilling program at the Cuiú Cuiú Project, which was designed to test the continuity of high-grade zones within the MG (Moreira Gomes) deposit. Alan Carter, President & CEO stated:"These recent drill results from the MGdeposit confirm our hypothesis that extensive low-grade mineralization at Cuiú Cuiú surrounds high-grade gold mineralization which is continuous down-dip and along strike in several areas. This represents a step change in our understanding regarding the distribution of gold mineralization and may explain why Cuiú Cuiú produced so much placer gold during the Tapajos gold rush from 1978 to 1995." 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 +10 g/t gold (see press release dated April 29, 2019).

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