Cabral Gold Announces the Results of Infill Drilling at the MG Gold Deposit, Cuiú Cuiú Gold District, Brazil
Cabral Gold Announces the Results of Infill
Drilling at the MG Gold Deposit, Cuiú Cuiú
Gold District, Brazil
Vancouver, British Columbia--(Newsfile Corp. - April 7, 2026) -
Cabral Gold Inc. (TSXV: CBR)
(OTCQX: CBGZF) ("Cabral" or the
"
Company
"
)
is pleased to announce results from 24 shallow
reverse circulation ("RC") holes drilled targeting gold-in-oxide material at the MG starter pit within the
Cuiú Cuiú Gold District, Brazil.
Highlights
Results have been received on an initial 24 infill RC holes targeting the gold-in-oxide material in
the eastern and central parts of the MG starter pit. The program of infill drilling is aimed at
improving the confidence around the current mine plan at MG and upgrading the current reserve. A
total of 68 RC holes totalling 3,174m have been completed to date
Notable results from this initial batch of RC drill results from MG include;
48m @ 1.35 g/t gold
from 4m depth in RC625
17m @ 2.27 g/t gold
from surface in RC626
42m @ 0.64 g/t gold
from surface in RC633
50m @ 0.87 g/t gold
from surface in RC634
50m @ 1.35 g/t gold
from surface in RC635
14m @ 1.97 g/t gold
from surface in RC636
29m @ 1.36 g/t gold
from surface in RC640
33m @ 0.90 g/t gold
from surface in RC641
These results confirm the pre-existing drill holes and the presence of a significant near surface
resource with good grade material amenable to heap leach. These data will result in an updated
mine plan for the starter pit at MG and will also result in an updated gold-in-oxide reserve estimate
ahead of mining
Alan Carter, Cabral's President and CEO commented,
"This first batch of infill drill results at MG are
highly encouraging and confirm the presence of good grades over significant widths within the near
surface weathered saprolite material and the overlying blanket sediments. These data will allow us to
further refine our mine plan for the starter pit and update the gold-in-oxide reserve base for the MG
gold-in-oxide deposit. This in turn will provide us with greater confidence during the initial year of
mining at MG."
MG RC Infill Drill Results
The MG gold deposit is one of the two main gold deposits that currently comprise the Indicated and
Inferred resource base at Cuiú Cuiú (see Figure 1). As with the nearby Central gold deposit, the upper
portion of the subvertical MG gold deposit is extensively weathered resulting in a vertical profile of highly
weathered basement saprolite extending to 60m depth. This saprolite together with the overlying blanket
sediments and soils, which are also mineralized, will form the starter pit for the Phase 1 gold-in-oxide
mining operation which is due to commence production in Q4 2026.
Figure 1: Map showing location of known gold deposits at MG, Central, and JB. The location of new
discoveries at PDM, Machichie NE and Machichie Main and Jerimum Cima discovery are also
shown.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/291376_cf220a14f4a6db71_002full.jpg
The objective of the ongoing RC infill drill program at MG is to provide greater confidence on the grade
and continuity of the current reserve base at MG ahead of mining and to further refine the mine plan that
was developed as part of the PFS study release in July 2025 (see press release dated July 29, 2026).
Results have been received on an initial 24 infill RC holes targeting the gold-in-oxide material in the
eastern and central parts of the MG starter pit. The program of infill drilling is aimed at improving the
confidence around the current mine plan at MG and upgrading the current reserve by the end of this
month. A total of 68 RC holes totalling 3,174m have been completed to date on a 25 x 25m spacing.
Additional infill drilling in areas of higher grade will be completed on a 12.5 x 12.5m spacing.
The RC drill results reported to date confirm the presence of good grades within the weathered saprolite
and overlying sedimentary blanket and the Year 1 pit outline (see Figure 2, Table 1). Of particular note
are the following RC drill results;
48m @ 1.35 g/t gold
from 4m depth in RC625
17m @ 2.27 g/t gold
from surface in RC626
42m @ 0.64 g/t gold
from surface in RC633
50m @ 0.87 g/t gold
from surface in RC634
50m @ 1.35 g/t gold
from surface in RC635
14m @ 1.97 g/t gold
from surface in RC636
29m @ 1.36 g/t gold
from surface in RC640
33m @ 0.90 g/t gold
from surface in RC641
Holes RC623 to RC628 were drilled on section 553175E towards the western limit of the Year 1 pit
outline whilst RC632 to RC637 were drilled on section 553275E (Figure 3) in the western central part of
the Year 1 pit.
Three holes (RC625, RC635 and RC644) returned narrow intervals of higher-grade material which will
be separated and stockpiled during the gold-in-oxide mining operation for processing at a later date.
These results are in line with the existing MG mine plan and confirm the pre-existing drill holes and the
presence of significant near surface resources with good grade material amenable to heap leach.
Figure 2: Map showing the location of RC infill drillholes at the MG gold deposit aimed at further
defining the gold-in-oxide reserves that will form the basis of the starter pit for the Phase 1 gold-in-
oxide operation. The Year 1 pit outline is shown together will drill holes reported in this press release
as well as other recently completed RC infill drill holes.
Terms: g/t = grams / tonne, m = metres, Au = gold. True widths may be 50% of actual drill intercepts.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/291376_cf220a14f4a6db71_003full.jpg
Figure 3.
Section 553275E showing the location of RC infill drillholes RC632 to RC637 at the MG
gold deposit.
Terms: g/t = grams / tonne, m = metres, Au = gold. True widths may be 50% of actual drill intercepts.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/291376_cf220a14f4a6db71_004full.jpg
Drill Hole #
Weathering
From
To
Thickness
Grade
(m)
(m)
(m)
g/t gold
RC620
Blanket/
0.0
9.0
9.0
0.23
Saprolite
EOH 50.0
RC621
Saprolite
0.0
5.0
5.0
0.22
9.0
16.0
7.0
0.65
18.0
24.0
6.0
0.20
32.0
35.0
3.0
0.38
EOH 41.0
RC622
Blanket/
0.0
19.0
19.0
0.46
Saprolite
Incl.
9.0
14.0
5.0
0.87
28.0
33.0
5.0
0.21
EOH 50.0
RC623
Blanket
0.0
9.0
9.0
0.45
EOH 50.0
RC624
Blanket/
0.0
10.0
10.0
0.49
Saprolite
Incl.
7.0
8.0
1.0
1.13
Saprolite
18.0
20.0
2.0
0.62
EOH 50.0
RC625
Blanket
0.0
48.0
48.0
1.35
Saprolite
Incl.
40.0
43.0
3.0
12.73
and Incl.
41.0
42.0
1.0
31.94
EOH 50.0
RC626
Blanket /
0.0
17.0
17.0
2.27
Saprolite
Incl.
12.0
13.0
1.0
8.30
26.0
27.0
1.0
0.33
32.0
34.0
2.0
0.26
EOH 50.0
RC627
Blanket
0.0
5.0
5.0
0.38
Saprolite
25.0
27.0
2.0
0.13
35.0
36.0
1.0
0.20
EOH 50.0
RC628
Blanket /
0.0
32.0
32.0
0.20
Saprolite
36.0
38.0
2.0
0.13
43.0
45.0
2.0
0.26
EOH 50.0
RC629
Blanket
0.0
9.0
9.0
0.35
Saprolite
17.0
18.0
1.0
0.24
42.0
50.0
8.0
0.74
EOH 50.0
RC630
Blanket
0.0
9.0
9.0
0.36
Saprolite
32.0
49.0
17.0
0.36
EOH 50.0
RC631
Blanket
0.0
9.0
9.0
0.38
EOH 50.0
RC632
Blanket /
0.0
11.0
11.0
0.69
Saprolite
Incl.
10.0
11.0
1.0
4.35
41.0
47.0
6.0
0.26
EOH 50.0
RC633
Blanket /
0.0
42.0
42.0
0.64
Saprolite
EOH 50.0
RC634
Blanket /
0.0
50.0
50.0
0.87
Saprolite
EOH 50.0
RC635
Blanket /
0.00
50.00
50.00
1.35
Saprolite
Incl.
5.00
8.00
3.00
10.92
EOH 50.0
RC636
Blanket /
0.0
14.0
14.0
1.97
Saprolite
Incl.
5.0
13.0
8.0
2.89
18.0
23.0
5.0
0.32
25.0
33.0
8.0
0.20
EOH 50.0
RC637
Blanket /
0.0
9.0
9.0
0.61
Saprolite
17.0
19.0
2.0
1.39
22.0
25.0
3.0
0.35
44.0
47.0
3.0
0.67
EOH 50.0
RC638
Blanket /
0.0
7.0
7.0
0.55
Saprolite
11.0
12.0
1.0
0.30
14.0
17.0
3.0
0.20
21.0
25.0
4.0
0.46
30.0
35.0
5.0
1.17
EOH 50.0
RC639
Blanket /
0.0
12.0
12.0
0.62
Saprolite
15.0
17.0
2.0
0.69
19.0
20.0
1.0
0.87
22.0
23.0
1.0
0.47
25.0
28.0
3.0
2.50
31.0
45.0
14.0
0.85
EOH 50.0
RC640
Blanket /
0.0
29.0
29.0
1.36
Saprolite
Incl.
4.0
7.0
3.0
6.61
31.0
33.0
2.0
0.33
39.0
41.0
2.0
0.17
45.0
50.0
5.0
0.33
EOH 50.0
RC641
Blanket /
0.0
33.0
33.0
0.90
Saprolite
Incl.
9.0
16.0
7.0
2.10
37.0
39.0
2.0
0.57
42.0
43.0
1.0
0.46
EOH 50.0
RC643
Blanket
0.00
12.00
12.00
0.68
Incl.
6.00
7.00
1.00
2.64
Saprolite
18.00
24.00
6.00
0.53
32.00
50.00
18.00
0.61
46.00
48.00
2.00
1.02
EOH 50.0
RC644
Blanket /
0.00
14.00
14.00
0.60
Saprolite
Incl.
6.00
8.00
2.00
1.36
24.00
50.00
26.00
1.21
Incl.
27.00
28.00
1.00
16.46
and
38.00
40.00
2.00
2.82
EOH 50.0
Table 1: Drill results from RC drill holes (RC620 to RC641 and RC643 and RC644) at the MG gold
deposit. All RC holes were drilled at a dip of 60 degrees on a bearing of 180 degrees. Terms: g/t =
grams / tonne, m = metres, Au = gold, EOH = end of hole. True widths may be 50% of actual drill
intercepts.
Update on Exploration Drilling Program
In addition to the RC infill drill program, which is ongoing at MG, the bulk of the Company's drilling efforts
are directed towards exploration drilling of the underlying hard rock deposits at Cuiú Cuiú. Two rigs are
currently operating, and an additional RC rig is expected on site by mid-April bringing the total number of
drill rigs on site to four. The Company is anticipating further expanding this exploration drilling effort in the
coming weeks following the closing of the C$20M bought deal financing announced on March 25, 2026.
Further details regarding the exploration drilling program for the remainder of 2026 will be released in
the coming weeks.
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 compliant Indicated resources of 12.29Mt @ 1.14 g/t gold
(450,200oz) in fresh basement material and 13.56Mt @ 0.50 g/t gold (216,182oz) in oxide material. The
project also contains Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) in fresh basement
material and 6.4Mt @ 0.34 g/t gold (70,569oz) in oxide material. The resource estimate for the primary
material is based on the NI 43-101 technical report dated October 12, 2022. The resource estimate for
the oxide material at PDM and MG is based on a NI 43-101 technical report dated October 21, 2024.
The resource estimate for the oxide material at Central and Machichie is based on a NI43-101 technical
report ("Updated PFS") dated July 29, 2025.
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
Quality Assurance / Quality Control
Cabral maintains a Quality Assurance / Quality Control ("QAQC") program for all its exploration
projects using industry best practices. Key elements of the QAQC program include verifiable chain of
custody for samples, regular insertion of certified reference materials, blanks, and duplicates, as well
as check assays on results.
RC samples are split, collected in plastic sample bags, and sealed on
drill hole location. Drill core is halved by saw cut or slicer (in soft saprolite). RC and core samples are
shipped in sealed bags by independent contractor to SGS GEOSOL Laboratorios in Vespasiano,
Brazil, an independent analytical services provider with global certifications for Quality Management
Systems (ISO 9001:2015 and ISO 14001:2015 (ABS Certificates 32982 and 39911) and ISO/IEC
17025:2017 accreditation (CRL-0386)). Gold analyses are routinely performed via 50g fire assay with
secondary assay techniques applied on higher grade samples. Final assay results are validated by
Cabral Geological Staff prior to insertion into the database. Additional information regarding the
Company's data verification processes is set out in the CBR, 43-101, PFS Technical Report, July
2025, which can be found on the Company's website.
Qualified Person and Technical Information
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. 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/291376