Cabral Gold Inc. reports exploration and development updates for the Cuiú Cuiú Gold District in Brazil, with recurring coverage tied to its OTCQX-traded security CBGZF and TSXV-listed shares. Company announcements focus on the Phase 1 gold-in-oxide heap leach project, construction progress, plant equipment, heap leach pads, and related engineering and procurement work.
Cabral Gold news also covers drilling at MG, Jerimum Cima, and other district targets, including reverse-circulation and diamond-drill results for oxide and primary gold mineralization. Additional recurring items include Brazilian permitting for the Cuiú Cuiú project, technical reports under mining disclosure standards, and board or governance changes.
Cabral Gold (OTCQX: CBGZF) appointed Jon Gilligan as Non-Executive Chair effective January 21, 2026. Mr. Gilligan joined the board in August 2023 and has been credited with establishing a Technical Committee that guided development of the Phase 1 heap leach operation, which is currently under construction. Management says construction is advancing with a clear path to initial production later this year. Cabral emphasizes safety, disciplined execution, governance and community engagement as it pursues production and wider exploration across the Cuiú Cuiú district.
Cabral Gold (OTCQB: CBGZF) reported results from nine holes at the Machichie Main discovery in the Cuiú Cuiú district, Brazil, extending mineralization down-dip and identifying a new parallel zone 100m south. Key intercepts include RC587: 5m @ 4.70 g/t Au (incl. 2m @ 10.76 g/t), DDH353: 6m @ 1.78 g/t Au (incl. 1m @ 8.36 g/t) and DDH354: 5.4m @ 1.41 g/t Au (incl. 0.5m @ 12.18 g/t). A prior inferred oxide resource of 3.73 Mt @ 0.5 g/t Au at Machichie Main covers oxide only; no hard-rock resource yet. Drilling and Phase 1 heap-leach construction continue; a fourth drill rig is expected in February.
Cabral Gold (OTCQX: CBGZF / TSXV: CBR) reported construction progress on its Phase 1 gold-in-oxide heap leach project at Cuiú Cuiú, Brazil, and confirmed the project remains on track and on budget for commercial production in Q4 2026. Detailed engineering is 26% complete and procurement is 65% complete by value, with remaining equipment procurement to finish in Q1 2026. Site workforce totals 143 employees and contractors (100% Brazilian). Mine camp will house 136 people and is due by end-March 2026. Major earthworks and access-road upgrades are underway and key long-lead items are in manufacture. The company upgraded its US listing to OTCQX: CBGZF.
Cabral Gold (OTCQB: CBGZF) reported reconnaissance RC drill results from 17 holes at the previously untested Mutum target in the Cuiú Cuiú district on December 4, 2025. A new NW-trending mineralized structure appears to extend 1.8 km and links the Central deposit with the PDM discovery. Key intercepts include 8m @ 1.32 g/t Au from 43m (RC0602), 13m @ 0.83 g/t Au from 11m (RC0604), and multiple intervals including 4m @ 1.06 g/t Au from 41m (RC0603).
The structure was mapped using a drone magnetic test survey; the company has purchased an in-house drone magnetics system and plans to fly the entire Cuiú Cuiú district ahead of follow-up RC drilling along east-west traverses across the 1.8 km lineament.
Cabral Gold (OTCQB: CBGZF) closed a US$45.1 million gold loan and received the full principal to fund the Cuiú Cuiú heap leach starter project.
The funds equal 345 kg of gold (US$45,121,732) and follow binding finance and intercreditor agreements; proceeds fully cover the Project's estimated capex of US$37.7M from the Updated Pre-Feasibility Study. The company issued 10,000,000 non-transferrable warrants exercisable at C$0.71 for 24 months and now holds roughly C$66M in treasury. Project metrics: 1 Mtpa, 6.2-year mine life, AISC US$1,210/oz, IRR 78%, NPV5 US$74M; first gold pour targeted Q4 2026.
Cabral Gold (OTCQB: CBGZF) reported diamond drill results from the Machichie NE target in the Cuiú Cuiú district on November 20, 2025. Key intercepts include 7m @ 5.1 g/t Au from 135.7m in DDH351 with higher-grade internal intervals of 0.9m @ 19.5 g/t and 0.7m @ 6.2 g/t. The release notes previously reported very high-grade hits such as 11m @ 33.0 g/t and 12m @ 27.7 g/t, and states the mineralized zone now extends at least 250m along strike and remains open down-dip and along strike. Additional drill results are pending and drilling is ongoing at nearby targets.
Cabral Gold (TSXV: CBR / OTCQB: CBGZF) announced it has secured funding and made a construction decision for a low‑capex starter operation at the Cuiu Cuiu project in northern Brazil targeting near‑surface gold‑in‑oxide material.
The project is supported by a 1.2M oz global resource and a reported 78% post‑tax IRR at $2,500/oz, and is designed to generate early cash flow to fund exploration across a much larger district backed by standout drill intercepts and experienced leadership.
Cabral Gold (OTCQB: CBGZF) reported diamond drill hole DDH346 at the PDM target returned 22.3m @ 4.7 g/t Au from 57.2m, including 1m @ 91.3 g/t Au and 1.1m @ 8.1 g/t Au. The mineralized zone remains open down-dip and along strike and likely correlates with previous hole DDH22.
Recent work expanded the surface area of the gold-in-oxide blanket at PDM by 50% (0.26 to 0.39 km2). Cabral noted US$45 million in construction financing for Phase 1 heap-leach processing at Cuiú Cuiú; PDM oxide was not included in that PFS.
Cabral Gold (OTCQB: CBGZF) executed a US$45,000,000 gold loan to fully fund the Cuiú Cuiú heap leach starter project and the Board approved a decision to construct on October 16, 2025.
The Updated PFS estimated capex US$37.7M, a 1 Mtpa plant, 6.2-year mine life, all-in sustaining cost US$1,210/oz, post-tax IRR 78%, NPV5 US$74M and a 10-month payback at US$2,500/oz. Drawdown is expected within weeks, subject to security registration and TSXV approval.
Key loan terms: 39-month term, 10% annual interest (capitalized to Dec 2026), principal repayments in gold (39 kg/quarter from Mar 31, 2027), and issuance of 10,000,000 warrants at C$0.71 on drawdown.
Cabral Gold (OTCQB: CBGZF) announced significant drilling results from its PDM target in the Cuiu Cuiu Gold District. The company has expanded the gold-in-oxide blanket by 50% from 0.26 km² to 0.39 km² and discovered two new zones of primary gold mineralization.
Key drilling highlights include 6m @ 2.74 g/t gold from 9m depth (including 1m @ 13.06 g/t gold) in hole RC0579, and multiple zones of lower-grade gold mineralization in near-surface saprolite material. The drilling program has identified four NW-trending mineralized zones that remain open along strike to the north and south.
The company is progressing with securing construction financing for its gold-in-oxide starter operation, which has a construction capex of US$37.7M, post-tax IRR of 78%, and NPV of US$73.9M, with a 10-month payback period based on US$2,500/oz gold price.