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 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.
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