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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 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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