Cabral Drills More High-Grade Gold at the Central Zone at Cuiu Cuiu
Cabral Drills More High-Grade Gold at the Central Zone
at Cuiu Cuiu
Vancouver, British Columbia--(Newsfile Corp. - February 5, 2020) -
Cabral Gold Inc.
(TSXV: CBR)
("Cabral" or the
"Company")
is pleased to provide additional drill results from the Phase II diamond drilling program at the Cuiú Cuiú Project.
The program was designed to test the continuity of high-grade zones at both the MG (Moreira Gomes) and Central gold
deposits. These results are from four holes at the Central deposit where historic drilling returned 34 separate drill intercepts (41
samples) above 10g/t gold, including 12 assays over 1oz/t gold.
Highlights
Drill hole 204-19 was designed to test the continuity of high-grade mineralization within the northern part of the Central
deposit and returned
17.3m @ 2.1 g/t gold
from 128.5m depth
including 6.0m @ 4.9 g/t gold
from 130.5m
Drill hole 205-19 intersected an upper and a lower mineralized zone and returned
39.6m @ 1.3 g/t gold from 126.6m
including 3.6m @ 6.0 g/t gold
and 2m @ 5.0 g/t gold
. The lower mineralized zone returned 62.6m @ 0.8 g/t gold from
187.4m depth including
0.7m @ 10.7 g/t gold, 2.8m @ 5.4 g/t and 0.5m @ 12.0 g/t gold
Drill hole 206-19 intersected
38.5m @ 1.5 g/t gold including 1.5m @ 6.0 g/t and 1.6m @ 8.6 g/t gold
.
Alan Carter, President & CEO stated,
"These recent drill results from the Central deposit at add to the recent results from the
nearby MG zone, which confirmed that high-grade mineralization is continuous at depth and along strike. These results
suggest that the same is likely to be true at Central, which is highly encouraging as we work towards defining a high-grade
resource on the project."
Background
Gold mineralization at Cuiú Cuiú occurs within broad deformed and altered mineralized corridors within granitic rocks. Within
these broad zones, distinctive, narrower higher-grade structural zones occur. Historic drill programs completed between 2008
and 2012 were designed to identify bulk-tonnage resources amenable to large-scale open-pit exploitation. As a result, very little
attention was directed towards following up the many higher-grade intervals encountered in those programs (of the 180 historic
holes completed from 2008 - 2012, a total of 60 intercepts returned values of greater than 10 g/t gold (see press release dated
April 29, 2019).
The diamond drill program completed during Q4 2019 was aimed specifically at acquiring additional drill information from
several zones of high-grade mineralization which are apparent within the MG and Central deposits. Recent drill results from MG
include
7.8m @ 18.5 g/t gold and 5.6m @ 13.0 g/t gold
and more importantly provide further proof of at least two high-grade
zones within the MG deposit.
These recent results are the first drill results from the current Phase II drill program that Cabral has reported from the Central
deposit and the first holes drilled at Central since 2012.
Phase II Drill Results from Central
Four diamond drill holes (204-19 to 207-19) were completed at the Central deposit as part of the Phase II drill campaign and
were designed to target three zones of high-grade gold mineralization (Figure 1) which had been identified in previous drilling.
All assay results have now been received from these new holes at Central and are shown in Table 1.
Figure 1: Map showing location of recently completed drill holes (204-19, 205-19, 206-19 and 207-19)
at the Central deposit at Cuiú Cuiú
To view an enhanced version of this graphic, please visit:
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Drill hole 204-19 was drilled in the northern-most high-grade target (Figure 1) and returned
17.3m @ 2.1 g/t gold from 128.5m
depth including 6.0m @ 4.9 g/t gold
from 130.5m
(Table 1, Figure 2).
The hole was designed to test the down dip-extension
of higher-grade mineralization intersected in hole 65-10 which cut 6.0m @ 6.7g/t gold and confirmed the continuation of this
higher-grade zone at depth.
Hole 205-19 was drilled in the southern-most high-grade target, down-dip of hole 32-08 which returned 23.8m @ 8.2g/t gold and
was designed as a scissor hole to hole 15-07 which cut several high-grade sections including, 2m @ 8.0 g/t and 6.7m @ 11.2
g/t gold. Hole 205-19 intersected two broad zones of gold mineralization comprising
39.6m @ 1.3 g/t gold
from 126.6m depth
including
3.6m @ 6.0 g/t, 0.6m @ 5.1 g/t and 2m @ 5.0 g/t gold
. These high-grade zones appear to correlate both up-dip and
down-dip with the high-grade zones intersected in holes 15-07 and 32-08. A lower zone of mineralization was also intersected
and is open at depth and returned
62.6m @ 0.8 g/t gold including 0.7m @ 10.7 g/t, 2.8m @ 5.4 g/t and 0.5m @ 12.0 g/t
gold
(Table 1, Figure 3). These higher-grade sections within the lower interval are interpreted to correlate with intercepts of 1.2m @
36.1 g/t in hole 16-07, 1.9m @ 10.0 g/t in hole 15-07 and 0.5m @ 23.8 g/t in hole 38-08.
Hole
Status
Interval
From
To
Interval
Grade
number
m
m
m
g/t
CC_204_19
new
Upper Mineralized Zone
66.0
88.5
22.5
0.2
Lower Mineralized Zone
128.5
145.8
17.3
2.1
including
130.5
136.5
6.0
4.9
including
131.5
132.5
1.0
7.6
CC_205_19
new
Upper Mineralized Zone
126.6
166.2
39.6
1.3
including
140.4
144.0
3.6
6.0
including
140.4
142.0
1.6
8.2
including
143.0
144.0
1.0
7.9
including
150.0
150.6
0.6
5.1
including
163.2
165.2
2.0
5.0
Lower Mineralized Zone
187.4
250.0
62.6
0.8
including
193.9
198.5
4.6
2.0
including
193.9
194.6
0.7
10.7
including
211.5
221.4
9.9
1.9
including
218.6
221.4
2.8
5.4
including
231.5
250.0
18.5
1.0
including
244.8
245.3
0.5
12.0
Open below 250m
CC_206_19
new
Upper Mineralized Zone
75.0
81.0
6.0
0.6
Lower Mineralized Zone
91.5
130.0
38.5
1.5
including
91.5
93.0
1.5
6.0
including
125.0
126.6
1.6
8.6
CC_207_19
new
NSV
Table 1: Primary basement mineralization intersected in Phase II drilling program
Hole 206-19 was drilled 125m NW of hole 205-19 (Figure 1) and was designed as a scissor hole to hole 13-07 which cut
several high-grade zones including 10.6m @ 17.7 g/t, 2m @ 8.4 g/t, 1m @ 13.5 g/t and 4.0m @ 20.9 g/t gold. The hole returned
38.5m @ 1.5 g/t gold from 91.5m depth,
including 1.5m @ 6.0 g/t and 1.6m @ 8.6 g/t gold
(Table 1, Figure 4), confirming the
extension of at least two of the four high grade zones intersected in hole 13-07.
Hole 207-19 was drilled north of the most northerly high-grade zone at Central outside the current boundaries of the known gold
deposit to test a new area with elevated gold values on surface but failed to intersect any significant values beneath.
Figure 2: Cross-section showing hole 204-19 at the Central deposit. New results are highlighted
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3900/52102_0f1af19fe4367831_003full.jpg
Figure 3: Cross-section showing hole 205-19 at the Central deposit. New results are highlighted
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3900/52102_0f1af19fe4367831_004full.jpg
Figure 4: Cross-section showing hole 206 with drill results at Central. New results are highlighted
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3900/52102_0f1af19fe4367831_005full.jpg
About Cabral Gold Inc.
The Company is a junior resource company and is engaged in the identification, exploration and development of mineral
properties, with a primary focus on gold properties located in Brazil.
The Company owns the Cuiú Cuiú gold project located in
the Tapajós Region within the state of Pará in northern Brazil.
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 garimpo in the Tapajós and produced an estimate 2Moz of
placer gold historically.
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/52102