Welcome to our dedicated page for Cabral Gold news (Ticker: CBGZF), a resource for investors and traders seeking the latest updates and insights on Cabral Gold stock.
Cabral Gold Inc. (OTCQX: CBGZF; TSXV: CBR) generates frequent news flow from its activities at the Cuiú Cuiú gold district in the Tapajós Region of northern Brazil. As a junior gold company focused on exploration, resource definition and project development, its updates often center on drilling results, resource expansion and progress on its Phase 1 gold-in-oxide heap leach project.
Investors following CBGZF news can expect detailed reports on reverse circulation and diamond drilling across multiple targets, including the Central, MG and JB deposits and discoveries such as PDM, Machichie Main, Machichie NE, Jerimum Cima and Mutum. Recent releases describe high-grade intercepts in both oxide and primary intrusive rocks, the identification of new mineralized structures, and confirmation of along-strike and down-dip continuity in several zones.
Cabral’s news also covers milestones in advancing the Cuiú Cuiú heap leach starter operation. The company has reported on its Updated Pre-Feasibility Study, a gold loan financing intended to fully fund initial capital costs, and construction updates that include detailed engineering, procurement, earthworks, mine camp development and infrastructure improvements such as access road upgrades and bridge construction.
In addition, Cabral issues announcements on corporate and capital markets developments, such as the upgrade of its U.S. listing from the OTCQB Venture Market to the OTCQX Market and media features that profile its strategy in the Tapajós Gold Province. For readers interested in gold exploration and development in Brazil, the CBGZF news feed provides ongoing insight into drill campaigns, resource-related technical reports prepared under NI 43-101, and the evolution of the Cuiú Cuiú project from exploration toward production. Bookmark this page to review Cabral Gold’s latest disclosures and technical updates as they are released.
Cabral Gold has filed a National Instrument 43-101 technical report for the Prefeasibility Study on the Gold-in-Oxide Starter Operation at the Cuiú Cuiú Gold Project in Pará State, Brazil. The report, led by Ausenco do Brasil Engenharia, is available on SEDAR and the company's website. The results are consistent with those previously announced in the October 21, 2024 news release, with no material differences reported.
Cabral Gold has identified a fifth gold-in-oxide blanket at the Jerimum Cima target within Brazil's Cuiú Cuiú Gold District. Surface trench CT050 returned significant results including 18m @ 1.9 g/t gold with 1m @ 22.8 g/t gold, and 0.8m @ 47.6 g/t gold. The new blanket extends over 900 x 1000 metres, joining four other gold-in-oxide blankets: Central, MG, PDM, and Machichie. Previous reconnaissance drilling in the area showed promising results, with intercepts including 14m @ 1.6 g/t gold and 20m @ 1.2 g/t gold. This discovery could positively impact the recent pre-feasibility study for a starter heap-leach operation.
Cabral Gold (TSXV: CBR) (OTC Pink: CBGZF) announces a non-brokered private placement to raise up to $3 million through the issuance of 10 million units at $0.30 per unit. Each unit includes one common share and half a warrant, with each full warrant exercisable at $0.45 for two years. The company may pay finder's fees up to 6% of gross proceeds. Funds will be used for general corporate purposes and to complete drilling and detailed engineering following a recent pre-feasibility study on a starter operation targeting weathered gold-in-oxide material at the Cuiú Cuiú gold district.
Cabral Gold announced significant drill results from the Machichie NE target and Central gold deposit in Brazil. At Machichie NE, diamond drill hole DDH331 returned impressive intersections of 5m @ 24.5 g/t gold including 2m @ 60.5 g/t gold, extending the mineralized zone to at least 200m along strike. The zone remains open in all directions.
At the Central gold deposit, RC drilling outside the current pit shell yielded notable results, including 56m @ 0.85 g/t gold in RC0475 and 41m @ 0.37 g/t gold in RC0476. These results suggest potential for upgrading significant Inferred gold-in-oxide resources to Indicated resources, which could be included in an updated mine plan.
Cabral Gold announced a positive Prefeasibility Study (PFS) for its Cuiú Cuiú gold project in Brazil. The PFS, led by Ausenco do Brasil Engenharia, indicates a strong after-tax IRR of 47.3% and an NPV5 of $25.2 million for a 720,000 tonne/year starter operation using open-pit mining and heap-leach processing. At the current spot gold price of $2,710/oz, the IRR increases to 82.6% and NPV5 to $49.3 million. The project has a 4.5-year mine life with an 18-month payback period. Initial resources include 418,000 tonnes of ore at 1.38 g/t gold. Average annual gold production in the first 2 years is 19,700 ounces at an AISC of $1,003/oz. Development Capex is $37.4 million. The project offers significant expansion potential with further drilling. The company aims to achieve an investment decision by Q2 2025 and start production by mid-2026.
Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) has announced positive results from column-leach metallurgical tests on gold-bearing oxide material from the MG gold deposit in the Cuiú Cuiú gold district, Brazil. Key highlights include:
- Gold recoveries ranging from 92% to 93% after 68 to 112 days of column leaching
- Consistent results across three samples: blanket soil/colluvium/sediments, low-grade saprolite, and higher-grade saprolite
- Significant improvement from previous tests that yielded 82% recovery
- Low sodium cyanide consumption (0.31-0.48 kg/t)
- Confirmation that heap-leach processing is highly viable for the MG gold deposit
These results are expected to positively impact the ongoing prefeasibility study and potentially improve the economics of future mining operations at Cuiú Cuiú.
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.