Cabral Gold Inc. - $CBGZF STOCK NEWS

Cabral Gold has provided an update on its prefeasibility study (PFS) for the Cuiú Cuiú gold project in Brazil, focusing on near-surface gold-in-oxide mineralization at the Central and MG deposits. The study, conducted by Ausenco do Brasil Engenharia, is 87% complete, with capex estimates nearly finalized. Metallurgical tests on additional samples show promising results, with gold recoveries comparable to previous data. Mine design work by Deswick Brazil is 30% complete. The company expects to release the full PFS results by mid-Q3 2024, aiming for an efficient, cost-effective project design.

Cabral Gold Inc. extends its RC drilling program at the Cuiú Cuiú gold district in Brazil, targeting various zones with high-grade oxide material, uncovering potential for additional resources. Management expresses excitement over the company's prospects and plans for future exploration. The recent success of the drilling program prompts the extension and expansion of drilling activities, aiming to enhance resource models and aid in mine planning. The company remains focused on the ongoing PFS for near-surface oxide material at Cuiú Cuiú, with significant upside potential identified in various targets within the district.

Cabral Gold Inc. announces a non-brokered private placement offering up to 12,500,000 units at $0.16 per unit, aiming to raise $2,000,000 for general corporate purposes and prefeasibility study. The units consist of common shares and warrants, with finder's fees of up to 6.0% of gross proceeds. The securities will be subject to a four-month hold period, pending regulatory approvals.

Cabral Gold Inc. appoints Brian Arkell as Vice President Exploration and Technical Services, aiming to transition from a junior exploration company to a junior gold producer. Arkell's extensive experience in gold exploration and mine development, including key roles in major projects globally, strengthens Cabral's team and objectives.

Cabral Gold Inc. announces positive assay results from RC and auger drilling at Central and MG gold deposits in Brazil, showcasing significant gold values well above cut-off grades in near-surface oxide material. The results indicate the presence of higher-grade gold mineralization in both deposits, supporting the expansion and upgrade of oxide resources.

Cabral Gold Inc. announces positive assay results from 12 RC holes testing near-surface oxide material at the Machichie Main Zone in Brazil. The results confirm the presence of a significant zone of near-surface gold-in-oxide mineralization at Machichie, which could positively impact the current plans for trial-mining oxide material in that area. The proximity of Machichie to the MG gold deposit has significant positive implications for the overall near-surface gold-in-oxide resources at Cuiú Cuiú.

Cabral Gold Inc. announces drill results from the Machichie gold discovery in Brazil, indicating near-surface oxide material with significant gold-in-oxide mineralization. The initial results from RC drilling suggest the presence of additional gold-in-oxide mineralization within close proximity to the existing MG gold deposit, with potential implications for trial mining and heap-leach processing of the near-surface gold-in-oxide resources at Cuiú Cuiú.

Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) announced drill results from the Central gold deposit located in the Cuiú Cuiú gold district in Brazil. Notable results include RC368 returning 10m @ 10.5 g/t gold from 67m in fresh rock, and RC384 returning 23m @ 0.9 g/t gold from 4m in saprolite.

Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) announces positive drill results from the Central gold deposit in Brazil. Notable intercepts include 28m @ 1.2 g/t gold, 35m @ 0.8 g/t gold, and 30m @ 0.6 g/t gold, demonstrating the presence of higher-grade material near the surface. The ongoing drill program aims to expand and delimit the near-surface saprolite and blanket material, contributing to the resource model optimization.