Cabral Announces Filing of NI 43-101 Technical Report for Prefeasibility Study on the Gold-in-Oxide Starter Operation at the Cuiú Cuiú Gold Project, Brazil
Cabral Announces Filing of NI 43-101
Technical Report for Prefeasibility Study on
the Gold-in-Oxide Starter Operation at the
Cuiú Cuiú Gold Project, Brazil
Vancouver, British Columbia--(Newsfile Corp. - December 5, 2024) -
Cabral Gold Inc. (TSXV: CBR)
(OTC Pink: CBGZF)
("Cabral" or the
"
Company
") is pleased to announce that it has filed a National
Instrument 43-101 technical report (the "
Report
") led by Ausenco do Brasil Engenharia Ltda.
("Ausenco") for the Prefeasibility Study on the Gold-in-Oxide Starter Operation at the Cuiú Cuiú Gold
Project in the Pará State, North-Central Brazil. The Report can be found under the Company's profile on
SEDAR at
www.sedar.com
and on the Company's website.
The results of the Prefeasibility Study were originally presented in a news release dated October 21,
2024, which is also available for review on SEDAR and on the Company's website. There are no
material differences between the results announced in the news release and the results in the Report.
About Cabral Gold Inc.
The Company is a junior resource company engaged in the identification, exploration, and development
of mineral properties, with a primary focus on gold properties located in Brazil. The Company has a
100% interest in the Cuiú Cuiú gold district located in the Tapajós Region, within the state of Pará in
northern Brazil. Three main gold deposits have so far been defined at the Cuiú Cuiú project which
contain National Instrument ("NI") 43-101 Indicated resources of 12.29Mt @ 1.14 g/t gold (450,200oz) in
fresh basement material and 11.11Mt @ 0.48 g/t gold (171,883oz) in oxide material. The project also
contains Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) in fresh basement material and
12.22Mt @ 0.39 g/t gold (151,608oz) in oxide material. The resource estimate for the primary material is
based on the NI 43-101 technical report dated 12
th
October 2022.The resource estimate for the oxide
material is based on the NI 43-101 technical report dated 4
th
December 2024.
The Tapajós Gold Province is the site of the largest gold rush in Brazil's history producing an estimated
30 to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest area of placer
workings in the Tapajós and produced an estimated 2Moz of placer gold historically.
About Ausenco
Ausenco is a global company redefining what's possible. The team is based across 26 offices in 15
countries delivering services worldwide. Combining deep technical expertise with a 30-year track
record, Ausenco delivers innovative, value-add consulting studies, project delivery, asset operations and
maintenance solutions to the minerals and metals and industrial sectors (
www.ausenco.com
).
FOR FURTHER INFORMATION PLEASE CONTACT:
"Alan Carter"
President and Chief Executive Officer
Cabral Gold Inc.
Tel: 604.676.5660
Technical information included in this release was supervised and approved by Brian Arkell, B.S.
Geology and M.S. Economic Geology, SME (Registered Member), AusIMM (Fellow) and SEG
(Fellow), Cabral Gold's Vice President, Exploration and Technical Services, and a Qualified Person
under NI 43-101.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-looking Statements
This news release contains certain forward-looking information and forward-looking statements within
the meaning of applicable securities legislation (collectively "forward-looking statements").
The use of
the words "will", "expected" and similar expressions are intended to identify forward-looking
statements.
These statements involve known and unknown risks, uncertainties and other factors that
may cause actual results or events to differ materially from those anticipated in such forward-looking
statements.
Such forward-looking statements should not be unduly relied upon.
This news release
contains forward-looking statements and assumptions pertaining to the following:
strategic plans and
future operations, and results of exploration.
Actual results achieved may vary from the information
provided herein as a result of numerous known and unknown risks and uncertainties and other factors.
The Company believes the expectations reflected in those forward-looking statements are
reasonable, but no assurance can be given that these expectations will prove to be correct.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/232601