Cabral Gold Drills 11m @ 3.1 g/t gold including 3m @ 10.5 g/t gold within Gold-in- oxide Blanket at the PDM Target, Cuiú Cuiú District
Cabral Gold Drills 11m @ 3.1 g/t gold
including 3m @ 10.5 g/t gold within Gold-in-
oxide Blanket at the PDM Target, Cuiú Cuiú
District
Vancouver, British Columbia--(Newsfile Corp. - August 18, 2022) -
Cabral Gold Inc.
(TSXV: CBR)
(OTC PINK: CBGZF)
("Cabral" or the
"
Company
") is pleased to provide assay results from twenty-
one RC holes drilled in the recently identified gold-in-oxide blanket of the PDM target within the Cuiú
Cuiú Gold District, northern Brazil.
Highlights are as follows:
RC0324 returned the following mineralized intervals:
11.0m @ 3.1 g/t gold
from surface in oxidized and weathered material, including
3.0m @
10.5 g/t gold
from 5.0m
RC0327 returned the following mineralized intervals:
10.0m @ 0.4 g/t gold
from surface in oxidized and weathered material and
15.0m @ 1.5 g/t gold
from 40.0m in oxidized material, including
1.0m @ 19.1 g/t gold
Other significant drill results from
oxidized and weathered material
at PDM include;
RC0333:
32.0m @ 0.5 g/t gold
from surface
RC0329:
21.0m @ 0.5 g/t gold
from surface
RC0317:
14.0m @ 0.7 g/t gold
from surface
RC0322:
9.0m @ 0.6 g/t gold
from surface
RC0320:
11.0m @ 0.4 g/t gold
from surface
These drill results suggest that the blanket at PDM remains open to the north. Furthermore, the
results lend further support to the existing evidence that suggests there are at least two parallel
zones of mineralization in the underlying primary basement rocks which remain open to the north
and south
Alan Carter, Cabral's President and CEO commented, "These latest RC results from the PDM oxide
blanket are important for two reasons. Firstly, they further demonstrate the presence of a higher-grade
core within the unconsolidated oxide blanket. Secondly, they lend further support to the presence of a
second primary mineralized zone in the underlying basement granitic rocks at least 250m in length
and sub-parallel to the initial zone of primary basement gold mineralization below the oxide blanket.
Whilst we currently have no idea how large the primary gold deposit is at PDM, these results confirm
the presence of a second primary zone of gold mineralization in basement granitic rocks underlying
the oxide blanket at PDM.
Both the gold-in-oxide blanket and the two zones in the primary basement
rocks are open to the north and may extend under an area of historic artisanal workings."
PDM RC-Drill Results
The PDM (Pau de Merenda) target is located 2.5km northwest of the Central gold deposit at Cuiú Cuiú
(Figure 1) within a prominent northwest-trending gold-in-soil anomaly, which has been traced for more
than 5km along strike. Within this anomaly lie the Central gold deposit, Central SE target, Central North
target, PDM target and Mutum target.
Figure 1: Map showing the location of the Central and MG gold deposits, the PDM (Pau de Merenda)
and Machichie gold targets, and other key gold targets (yellow circles) within the central portion of the
Cuiú Cuiú district
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/134214_3a70526a8402bb7c_002full.jpg
The gold-in-oxide blanket at PDM was initially identified in August 2021 (see press release dated
August 10, 2021), and a program of diamond drilling, initiated in late 2021, subsequently identified an
underlying zone of primary gold mineralization in the unweathered granitic basement rocks similar to that
at MG and Central.
Results from the initial diamond-drill holes in granitic basement rocks below the gold-in-oxide blanket at
PDM included:
22.4m @ 4.8 g/t,
including:
1.35m @ 62.0 g/t gold
in DDH238: and
11.9m @ 3.3 g/t
gold,
including
0.5m @ 16.1 g/t gold,
and
1.2m @ 16.0 g/t gold
in DDH239; and
18.0m @ 2.5 g/t
gold
from 92.0m, including
3.0m @ 10.5 g/t gold
, in DDH275
.
(see press releases dated December
15, 2021, January 12, 2022 and April 28, 2022). These diamond-drill results defined an initial zone of
primary gold mineralization trending northwest in the granitic rocks underlying the PDM oxide blanket.
The current RC drilling program at PDM was designed to further define the limits to the high-grade core
within the overlying gold-in-oxide blanket, and has confirmed the presence of a high-grade core area.
RC0327 returned 15m @ 1.5 g/t gold, including 1m @ 19.1 g/t gold, from 40m depth in oxidized and
weathered material. This hole is located approximately 250m northwest of RC0310 which previously
returned
13.0m @ 4.6 g/t gold
from 25.0m in oxide material,
including 1.0m @ 49.2 g/t gold
from
34.0m (Figure 2). Similarly hole RC0333 returned
32m @ 0.5 g/t gold
and is located between RC0310
and RC0327. These holes lend further support to the existing evidence suggesting the presence of a
larger high-grade core to the blanket and a possible additional mineralized structure in the underlying
granitic rocks which may be parallel to the main mineralized zone. Diamond drilling of the basement
mineralization, which has been undertaken to date at PDM, has not tested this far north.
RC0327 is also located just 40m south of extensive historic artisanal placer gold workings. These are
approximately 200m wide and are reported to have been very rich at this location, suggesting the
primary mineralization, and possibly the oxide blanket, could extend beneath the historic workings to the
north.
RC0324 was drilled on the northwest end of the PDM oxide blanket and approximately 200m northwest
of the most northerly diamond-drill intercept (DDH275 returned
18m @ 2.5 g/t gold
) that has tested the
initial primary basement discovery. The higher grades from hole RC324, (
11.0m @ 3.1 g/t gold
from
surface in oxidized and weathered material, including
3.0m @ 10.5 g/t gold)
suggest that the initial
primary zone could extend at 200m, or more, further to the northwest than indicated thus far from current
diamond drilling. Whilst this requires confirmation through additional diamond drilling, current drill results
suggest that the initial primary zone at PDM could be over 400m in strike length and remains open to the
southeast and the northwest.
Other significant drill results which further define the higher-grade core to the gold-in-oxide blanket at
PDM (Figure 2, Table 1) include;
RC0329:
21.0m @ 0.5 g/t gold
from surface
RC0317:
14.0m @ 0.7 g/t gold
from surface
RC0322:
9.0m @ 0.6 g/t gold
from surface
RC0320:
11.0m @ 0.4 g/t gold
from surface
Figure 2: Map showing the PDM target. The results of the recently completed RC holes (RC0316 to
RC0336) are shown together with the outline of the higher-grade core to the gold-in-oxide blanket and
the interpreted extent of the primary mineralization in the underlying granitic rocks (pale yellow). Note
that the results from holes RC324 and RC0327 suggest the primary mineralized zones are open to
the north and extend under the historic placer workings immediately to the north
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/134214_3a70526a8402bb7c_003full.jpg
Drill Hole
Weathering
Mineralized Zone
From
to
Width
Grade
#
m
m
m
g/t gold
RC0316
Oxide
Blanket
N.S.V.
EOH
67.0
RC0317
Oxide
Blanket
0.0
14.0
14.0
0.7
EOH
80.0
RC0318
Oxide
Blanket
0.0
12.0
12.0
0.3
EOH
70.0
RC0319
Oxide
Blanket
0.0
9.0
9.0
0.3
EOH
81.0
RC0320
Oxide
Blanket
0.0
11.0
11.0
0.4
25.0
27.0
2.0
1.2
EOH
90.0
RC0321
Oxide
Blanket
0.0
8.0
8.0
0.2
54.0
56.0
2.0
0.9
EOH
84.0
RC0322
Oxide
Blanket
0.0
9.0
9.0
0.6
53.0
56.0
3.0
0.6
EOH
73.0
RC0323
Oxide
Blanket
0.0
8.0
8.0
0.4
12.0
17.0
5.0
0.2
EOH
60.0
RC0324
Oxide
Blanket
0.0
11.0
11.0
3.1
incl.
5.0
8.0
3.0
10.5
EOH
60.0
RC0325
Oxide
Blanket
0.0
9.0
9.0
0.2
EOH
55.0
RC0326
Oxide
Blanket
0.0
9.0
9.0
0.2
60.0
61.0
1.0
1.4
EOH
81.0
RC0327
Oxide
Blanket
0.0
10.0
10.0
0.4
40.0
55.0
15.0
1.5
incl.
51.0
52.0
1.0
19.1
EOH
91.0
RC0328
Oxide
Blanket
0.0
7.0
7.0
0.3
EOH
83.0
RC0329
Oxide
Blanket
0.0
21.0
21.0
0.5
EOH
69.0
RC0330
Oxide
Blanket
0.0
7.0
7.0
0.2
EOH
47.0
RC0331
Oxide
Blanket
0.0
5.0
5.0
0.1
EOH
43.0
RC0332
Oxide
Blanket
0.0
8.0
8.0
0.1`
EOH
80.0
RC0333
Oxide
Blanket
0.0
32.0
32.0
0.5
EOH
81.0
RC0334
Oxide
Blanket
0.0
7.0
7.0
0.3
EOH
69.0
RC0335
Oxide
Blanket
0.0
6.0
6.0
0.3
EOH
45.0
RC0336
Oxide
Blanket
N.S.V.
EOH
62.0
Table 1 showing the assay results from RC holes RC315 to RC336. Oxide mineralization is
denoted
with grey highlights.
Drilling and Trenching Update
Results are pending on 12 diamond-drill holes at MG.
Results are pending on 14 diamond-drill holes at Machichie.
Results are pending on six diamond-drill holes at the Indio target and additional drilling is planned.
The preparation of an updated resource estimate for the Cuiú Cuiú project is in progress. The NI 43-101
estimate is being carried out by SLR Consulting (Canada) Ltd. and is expected to be completed during
August.
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 gold deposits have so far been defined at Cuiú Cuiú and contain 43-101 compliant
Indicated resources of 5.9Mt @ 0.90 g/t (200,000 oz) and Inferred resources of 19.5Mt @ 1.24 g/t
(800,000 oz).
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 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.
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 under the supervision the Company's exploration office.
The samples are couriered to the assay laboratory using a commercial contractor. Pulps are returned
to the Company and archived. Drill holes results are quoted as down-hole length weighted
intersections.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/134214