Cabral Commences a Phase II Drilling Program at Cuiu Cuiu
Cabral Commences a Phase II Drilling Program at Cuiu
Cuiu
Vancouver, British Columbia--(Newsfile Corp. - September 26, 2019) -
Cabral Gold Inc.
(TSXV: CBR) ("Cabral" or the
"Company")
is pleased to announce the commencement of a follow-up program of diamond drilling at the Cuiú Cuiú Project,
Pará State, Brazil. The Phase II program is designed to extend and confirm continuity of high-grade (+10g/t gold) mineralized
intercepts along strike and down-dip at the recently discovered Machichie zone (see press release dated 28
th
February 2019),
as well as the existing Central and MG deposits (see press release dated 29
th
April 2019).
Initial drilling at the Machichie target during Q1 2019 resulted in the discovery of a significant new mineralized zone which
remains open along strike and down dip. The zone is comprised of an E-W trending high-grade vein structure, surrounded by a
lower grade envelope, which appears to be continuous over at least 450m along strike and at depth. The current drill program is
initially aimed at determining the eastern and western limits of the main Machichie zone, as well as the down-dip continuity of the
Machichie West zone which returned
3.4m @ 36.9g/t gold
(see press release dated 28
th
February 2019).
Following the completion of drilling at Machichie, the rig will move to the MG and then the Central gold deposits where a recent
review of the historic drill data revealed the presence of 34 (from 76 holes) high-grade (+10g/t gold) drill intercepts at Central
and 18 (from 35 holes) high-grade (+10g/t gold) drill intercepts at MG, which appear to be continuous over significant strike
intervals. The vertical extent of these zones, however, is largely unknown and will be the focus of follow-up drilling efforts at both
MG and Central during the current drill program.
Alan Carter, President and CEO commented, "historically, the focus of drilling at Cuiú Cuiú was on identifying large low-grade
bulk mineable gold deposits, and it is clear that the project has extensive zones of this style of mineralization. However, our
recent work has revealed that the zones of lower-grade mineralization at both Central and MG and our new discovery at
Machichie, envelop core zones of significantly higher-grade (+10g/t gold) mineralization. The evidence suggests that these high-
grade zones have both lateral and vertical continuity. The Phase II drill program is designed to further confirm this as we work
towards the next resource estimate".
FOR FURTHER INFORMATION PLEASE CONTACT:
"Alan Carter"
President and Chief Executive Officer
Cabral Gold Inc.
Tel: 604.676.5660
Dr. Adrian McArthur, B.Sc. Hons, PhD. FAusIMM., a consultant to the Company as well as a Qualified Person as defined by
National Instrument 43-101, supervised the preparation of the technical information in this news release.
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.
Notes
Gold analysis has been conducted by SGS method FAA505 (fire assay of 50g charge), with higher grade samples checked
by FAA525. Analytical quality is monitored by certified references and blanks. Until dispatch, samples are stored in the
Company's supervised exploration office. The samples are couriered to the assay laboratory using a commercial contractor.
Pulps and rejects are returned to the Company and archived. Drilling results are reported as down-hole length weighted
intersections.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/48177