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 (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.
Cabral Gold (CBGZF) provided an update on its Cuiú Cuiú gold district operations in Brazil. Two drill rigs are currently active: one focusing on upgrading gold-in-oxide Inferred resources at Machichie Main, and another conducting exploration at various targets including Machichie NE, where previous drilling yielded 11m @ 33 g/t gold.
The company contracted Ausenco Brazil to update the PFS on the initial heap leach starter operation, aiming to reduce capital and operating costs while increasing mining rate and plant capacity. The previous PFS showed an after-tax IRR of 47.3% and NPV5 of US$25.2 million, with development capex estimated at US$37.4 million.
The company appointed John Sestan as VP Project Development to oversee the gold-in-oxide heap-leach starter operation. Results are pending on 18 drill holes, and metallurgical tests are planned for Q2 2025. The company is also pursuing discussions regarding project financing and ECPM contracts.
Cabral Gold reports significant progress at the Cuiú Cuiú gold district in Brazil during 2024. Key developments include the Machichie NE discovery with high-grade gold findings (11m @ 33g/t gold), and completion of a Pre-Feasibility Study (PFS) for an initial starter operation showing an after-tax IRR of 47.3% and NPV5 of US$25.2M, with estimated capex of US$37.4M.
The company identified a fifth gold-in-oxide blanket at Jerimum Cima, with promising trench results. Notable drilling results were reported at the Central gold deposit and Machichie Main zone. The company successfully raised $4.36M through private placements and strengthened its management team.
For 2025, Cabral plans a two-stage development strategy, focusing on near-term production to generate cash flow for expanded drilling programs. Immediate priorities include upgrading Inferred oxide resources to Indicated status and completing detailed engineering.
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.