Cabral Gold Appoints Brian Arkell as Vice President Exploration and Technical Services
Cabral Gold Appoints Brian Arkell as Vice
President Exploration and Technical Services
Vancouver, British Columbia--(Newsfile Corp. - April 3, 2024) -
Cabral Gold Inc. (TSXV: CBR) (OTC
Pink: CBGZF) ("Cabral" or the
"
Company
") is pleased to announce that it has appointed Mr. Brian
Arkell as Vice President Exploration and Technical Services, effective immediately.
Alan Carter, Cabral's President and CEO commented
, "We are both excited and fortunate to have
Brian join our team. We believe his extensive experience with gold exploration and, in particular, mine
development and operations, will be invaluable as we advance the current pre-feasibility study aimed
at mining and heap-leach processing the extensive gold-in-saprolite material at our Cuiú Cuiú
project. Brian's appointment is part of our planned transition from a junior exploration company to a
junior gold producer, and his previous experience with Newmont Mining augers well for the longer-
term objective of defining the extensive gold endowment of the Cuiú Cuiú district. To date Cabral has
discovered and delineated two main gold deposits with NI 43-101 compliant resources, made two
additional significant gold discoveries that require more drilling prior to defining resources, and
defined 43 high-quality exploration targets with gold showing in drill holes, trenches and surface
boulders."
Mr. Arkell studied geology and engineering at the University of Maryland (B.S.) and the New Mexico
Institute of Mining and Technology (M.S.). He has 35 years of experience in exploration, mine
development, and operations throughout the Americas and in Indonesia. He has played a key role in
several major gold discoveries and mine development projects including the world-class Yanacocha
gold mine in Peru, the Batu Hijau copper-gold mine in Indonesia, the Merian gold mine in Suriname and
the Magino gold mine in Canada.
From 2018 to 2023 Mr. Arkell served as Vice President Exploration and Mine Technical Services for
Argonaut Gold, a mid-tier gold producer. During this time, he was responsible for all exploration, mine
planning, mine geology, corporate reserves, and corporate land departments. This involved five gold
mines and several projects, ranging from scoping through feasibility-level stages. Prior to that, he was
CEO for Caza Gold Corp., Senior Vice President Exploration and Corporate Development for Rio Novo
Gold, Inc., and spent 22 years with Newmont Mining Corp. where he held a variety of positions, including
Director of Geology and Exploration, South America.
Mr. Arkell is a Registered Member of SME, a Fellow of AusIMM, and a Fellow of the Society of
Economic Geologists. He is a Qualified Person (QP) under Canadian National Instrument 43-101
Standards, as well as a Competent Person under Australian JORC Code.
Mr. Arkell replaces Guillermo ("Willie") Hughes who retired from the role of VP Exploration with Cabral
effective March 31, 2024. Both the management team and the Board of Directors wish to thank Willie for
his invaluable contribution to the exploration and development of the Cuiú Cuiú project and wish him a
very happy and well-deserved retirement
.
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
Guillermo Hughes, MAusIMM and FAIG., 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. 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/204113