Cabral Gold Stock Price, News & Analysis

Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) has announced promising drill results from the Machichie NE target in the Cuiú Cuiú Gold District, Brazil. Key highlights include:

1. RC0449 returned 6m @ 13.3 g/t gold, including 1m @ 77.5 g/t gold, extending the high-grade zone discovered in RC0421.

2. Multiple holes revealed significant gold-in-oxide mineralization in near-surface saprolite.

3. RC0451 yielded 5m @ 2.2 g/t gold in saprolite and 16m @ 0.36 g/t gold in blanket soils.

4. RC0453 returned 30m @ 0.55 g/t gold in blanket sediments and saprolite.

These results suggest a significant new gold discovery at Machichie NE, with potential to add to both primary hard rock and gold-in-oxide resources. The mineralized zone remains open in all directions and at depth, indicating promising prospects for expanding the Cuiú Cuiú district's global resource base.

Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) has announced promising drill results from the Machichie West target in the Cuiú Cuiú gold district, Brazil. Key highlights include:

- RC439: 10m @ 3.00 g/t gold from 11m depth, including 5m @ 5.37 g/t gold
- RC427: 13m @ 1.00 g/t gold from 19m depth, including 2m @ 4.80 g/t gold
- RC430: Multiple mineralized zones, including 8m @ 0.60 g/t gold from 26.0m depth

These results suggest the presence of additional mineralized structures that could provide near-surface oxide material for the ongoing PFS study on trial mining and heap leach processing. The Machichie West target, previously untested by drilling, is part of the larger Machichie area located 500m north of the MG gold deposit.

Cabral Gold announced the appointment of Samantha Shorter as Chief Financial Officer, effective July 9, 2024. Shorter, a CPA and CA, brings extensive experience in executive leadership, financial compliance, and analysis within the resource industry, including international operations in Brazil and underground mining in Mexico.

She replaces Paul Hansed, who is retiring after significant contributions to the company. The Board of Directors has also approved stock options for certain officers, allowing the purchase of 750,000 shares at $0.28 each, expiring in five years.

Cabral Gold announced significant drill results from the Machichie NE and Main targets, located in the Cuiú Cuiú Gold District, Brazil. The highlights include:

- RC421 at Machichie NE: 11m @ 33.0 g/t gold (including 4m @ 89.3 g/t) from 50m depth.
- RC420 at Machichie Main: 25m @ 2.9 g/t gold from surface (including 12m @ 5.5 g/t).
- RC422 at Machichie NE: 21m @ 1.3 g/t gold from surface (including 3m @ 7.5 g/t).
- These results suggest significant high-grade gold potential, with both zones needing further exploration to determine their extent.

Cabral Gold's President, Alan Carter, remarked that these are among the top three drill holes at Cuiú Cuiú, indicating potential for near-surface and primary bedrock gold resources. Further drilling is in progress to assess the size of these discoveries.

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.