Cabral Gold Announces Appointment of Samantha Shorter as Chief Financial Officer
Cabral Gold Announces Appointment of
Samantha Shorter as Chief Financial Officer
Vancouver, British Columbia--(Newsfile Corp. - July 9, 2024) -
Cabral Gold Inc. (TSXV: CBR) (OTC
Pink: CBGZF) ("Cabral" or the
"
Company
") is pleased to announce the appointment of Samantha
Shorter as Chief Financial Officer with the Company.
Alan Carter, Cabral's President and CEO commented, "I am extremely pleased that Samantha has
accepted the position of Chief Financial Officer with the Company. Her qualifications and experience
in Brazil, and with companies that are in production, make her an ideal fit for the Company as we
advance towards completion of the PFS on the initial trial mining and heap leach operation at Cuiú
Cuiú. I would also like to thank Paul Hansed, the outgoing CFO, who is retiring, for his numerous
valuable contributions to the Company. Paul has consistently gone above and beyond for this
Company and we wish him a very happy retirement."
Samantha Shorter, CPA, CA, provides comprehensive professional services as a CFO and consultant
in the resource industry. She has accumulated experience in the areas of executive leadership, financial
compliance, and financial analysis for public and private companies. Samantha has worked with
companies with international operations, including Brazil, as well as in underground mining operations in
Mexico.
Previously, Samantha spent six years with Davidson and Company LLP, where she managed audit
engagements specializing in the mining industry. She has a Bachelor of Commerce with Honours from
the University of British Columba and is a Chartered Professional Accountant with the Chartered
Professional Accountants of British Columbia.
Cabral's Board of Directors has approved the granting of stock options to certain officers pursuant to the
Company's omnibus equity incentive plan. The stock options entitle the holders to purchase a total of
750,000 common shares in the capital stock of the Company at a price of $0.28 per common share and
expire in five years.
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. Two main gold deposits have so far been defined at the Cuiú Cuiú project which contains
National Instrument 43-101 compliant Indicated resources of 21.6Mt @ 0.87 g/t gold (604,000 oz) and
Inferred resources of 19.8Mt @ 0.84 g/t gold (534,500 oz) as per the 43-101 technical report dated
October 12, 2022.
The Tapajós Gold Province is the site of the largest gold rush in Brazil's history which according to the
ANM (Agência Nacional de Mineração or National Mining Agency of Brazil) produced 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.
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", "advance towards" 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. 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/215943