Cabral Gold Stock Price, News & Analysis

Cabral Gold (OTCQB: CBGZF) has announced significant improvements in its updated Prefeasibility Study (PFS) for the Cuiú Cuiú gold-in-oxide starter project in Brazil. The project's after-tax NPV5 increased by 200% to US$73.9 million, with an IRR of 78% at a base gold price of US$2,500/oz.

Key highlights include: initial capital cost of US$37.7 million, increased processing capacity to 1 million tonnes/year, and extended mine life to 6.2 years. Probable Mineral Reserves increased by 54% to 128,908 oz of gold, with life of mine production rising to 113,155 ounces at an AISC of US$1,210/oz.

The company targets a final investment decision in Q3 2025 with initial gold production planned for second half of 2026. The project serves as a stepping stone toward developing the region's second major gold mine in the Tapajos district.

Cabral Gold (OTCQB: CBGZF) has announced its listing on the OTCQB marketplace under the symbol "CBGZF". The company will maintain its current listing on the TSX Venture Exchange under the symbol "CBR".

CEO Alan Carter highlighted that this US listing will provide enhanced visibility and accessibility for US investors, potentially improving stock liquidity and access to larger capital pools. The OTCQB Venture Market caters to early-stage and developing companies that maintain current reporting standards and undergo annual verification processes.

Cabral Gold (CBGZF) reported excellent metallurgical test results from its Machichie gold deposit in Brazil's Cuiú Cuiú district, with gold recoveries of 88-96% from column leaching tests. The company has added two diamond drill rigs, bringing the total to four, to accelerate exploration and expand resources. The current resource stands at 450,200oz indicated and 455,100oz inferred in fresh basement material, plus 171,883oz indicated and 151,608oz inferred in oxide material. The updated Prefeasibility Study (PFS) is progressing with completed mine plans for Central, MG, and Machichie deposits, though it's now delayed to Q3 2025 due to high-grade findings at Machichie NE requiring processing method reassessment. The company is conducting geotechnical drilling with 21 holes completed and sterilization drilling with 12 RC holes finished.

Cabral Gold (CBGZF) has announced significant drill results from the Jerimum Cima target at its Cuiú Cuiú gold project in Brazil. The highlight is drill hole RC0561, which intersected 49m @ 2.0 g/t gold from 7m depth, including high-grade sections of up to 57.0 g/t gold. The results indicate a fifth gold-in-oxide blanket at Cuiú Cuiú, with mineralization extending E-W over at least 400m and remaining open in both directions and at depth. Previous drilling at Jerimum Cima returned impressive results of 39m @ 5.1 g/t gold. The target is located 3km ENE of the Central gold deposit and features a strong gold-in-soil anomaly covering 900m x 1000m. These findings suggest potential additions to the existing Indicated and Inferred resources and could extend mine life or increase production of the Phase 1 starter operation.

Cabral Gold (TSXV: CBR, OTC: CBGZF) has appointed Luiz Celaro as Construction Manager for the Cuiú Cuiú heap leach starter project. Celaro, a mining engineer with an MBA in Environmental Management, brings extensive experience in building and operating mining projects in Brazil, particularly heap leach gold projects. His previous roles include Vice President at Vale and Senior Construction Manager at the Amapari project, Brazil's largest heap leach gold project during 2004-2006.

This appointment marks Cabral's transition from exploration to production. The company anticipates an updated PFS and construction decision for its initial heap leach starter project in the coming months. Celaro's expertise includes managing seven gold mining projects, with six focused on mine construction, and successful project delivery across Brazil, Mozambique, and Guyana.

Cabral Gold (CBGZF) reported significant drill results from the Machichie Main gold deposit in Brazil's Cuiú Cuiú Gold District. The highlight was drill hole RC0499A, which returned 2m @ 52.3 g/t gold from 41m depth, revealing a new high-grade zone. Another notable result came from RC0529, which intersected multiple mineralized intervals including 9m @ 0.72 g/t gold and 25m @ 0.93 g/t gold. The Machichie Main zone, located 500m north of the MG gold deposit, currently has a preliminary Inferred resource of 3.73 million tonnes @ 0.5 g/t gold for oxide material. The company aims to upgrade existing Inferred resources to Indicated status for inclusion in the heap-leach starter operation's mine plan. Results are pending for 35 RC drill holes, with plans to increase drilling capacity.

Cabral Gold (CBGZF) has announced significant drill results from the Machichie NE target in Brazil's Cuiú Cuiú Gold District. The highlight is drill hole RC520, which returned exceptional grades of 12m @ 27.7 g/t gold from 42m depth, including 5m @ 65.5 g/t gold within a wider zone of 22m @ 15.9 g/t gold.

The high-grade mineralized zone extends approximately 200m along strike and remains open in all directions. Notable previous drilling results include RC421 with 11m @ 33.0 g/t gold, RC449 with 6m @ 13.3 g/t gold, and DDH331 with 5m @ 24.5 g/t gold. The Machichie NE target is located 150m northeast of the Machichie Main gold deposit and 650m north of the MG gold deposit.

The company is currently operating two RC rigs and exploring several targets including Jerimum Cima, Central SE, and Pau da Merenda, while updating the Machichie - Machichie NE resource model.

Cabral Gold (CBGZF) has announced significant drilling results from the Machichie Main gold deposit in Brazil's Cuiú Cuiú Gold District. Key findings include drill hole RC0515 yielding 10m @ 2.2 g/t gold from surface and 3m @ 15.9 g/t gold from 16m depth in oxide material. Additionally, RC0504 returned 12m @ 3.1 g/t gold including 3m @ 11.2 g/t gold.

A notable discovery includes a previously unrecognized mineralized zone located 40m north of the main Machichie structure, which remains open to the east and west. The Machichie Main zone, situated 500m north of the MG gold deposit, currently has a preliminary Inferred resource estimate of 3.73 million tonnes @ 0.5 g/t gold for oxide material.

Trench results continue to show high-grade gold mineralization, with CT054 returning 13m @ 2.3 g/t gold including 5m @ 5.8 g/t gold in saprolite material. The ongoing drilling program aims to upgrade Inferred resources to Indicated status for inclusion in the mine plan for the heap-leach starter operation.

Cabral Gold (TSXV: CBR) (OTC: CBGZF) has announced significant assay results from its Machichie Main gold deposit in Brazil's Cuiú Cuiú Gold District. Surface trench CT051 yielded impressive results of 20m @ 3.6 g/t gold, including 4m @ 15.7 g/t gold in surface oxide material. Additional trench CT052, located 150m west, returned 7m @ 0.8 g/t gold.

Notable RC drill results include:

• 4m @ 3.9 g/t gold (including 1m @ 10.6 g/t)
• 4m @ 3.1 g/t gold (including 1m @ 10.6 g/t)
• 7m @ 1.5 g/t gold
• 1m @ 9.9 g/t gold

The drilling program aims to upgrade the current Inferred resource of 3.73Mt @ 0.5 g/t gold to Indicated status for inclusion in the mine plan for the heap-leach starter operation. Results confirm significant mineralization continuity both in near-surface oxide material and underlying fresh rock.