Cabral Gold Establishes Technical Advisory Committee
Cabral Gold Establishes Technical Advisory
Committee
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2023) -
Cabral Gold Inc. (TSXV: CBR)
(OTC Pink: CBGZF)
("Cabral" or the
"
Company
"
)
is pleased to announce that it has established a
technical advisory committee (the "
Technical Committee
").
Highlights
The primary purpose of the Technical Committee is to review, monitor and make
recommendations to the Board of Directors in respect of the technical activities of the Company
including those relating to the ongoing pre-feasibility study for trial mining of oxide gold deposits
within the Company's Cuiú Cuiú gold district in northern Brazil
The Technical Committee is comprised of independent directors, Jon Gilligan and Ian Gendall,
independent consultant, Mark E. Smith, and Cabral's executive chairman, P. Mark Smith
Independent director Dr. Jon Gilligan, who is currently President and COO of Liberty Gold Corp.,
has been appointed Chairman of the Technical Committee
Mark E. Smith is President of RRD International Corp. and is an internationally recognized expert
in heap leach mineral processing with wide experience in South America having worked on
projects in Brazil, Peru and Chile
Alan Carter, Cabral's President and CEO, commented, "We are extremely pleased to announce the
formation of the Technical Committee, which will assist Management and the Board in providing
oversight regarding technical matters and the advancement of the Company's Cuiú Cuiú gold district,
specifically with respect to the completion of the ongoing pre-feasibility study. In particular, the recent
addition of Jon Gilligan to the Board, his agreement to chair the Technical Committee, and the
inclusion of Mark E. Smith on the committee greatly expands the Company's depth of expertise in the
development, construction and operation of heap leach projects."
Jon Gilligan
Dr. Jonathan Gilligan is an independent director of Cabral and is currently President and Chief
Operating Officer of Liberty Gold Corp., a company developing open pit, heap leach oxide gold projects
in Idaho and Utah, USA.
Jon is a senior mining executive with over 35 years of multi-commodity, international experience across
technical services, capital projects, open pit mine construction and operations. Prior to joining Liberty
Gold Corp., he held senior technical and projects roles with both Torex Gold Resources Inc., SSR Mining
Inc., and BHP. Dr. Gilligan has been instrumental in advancing many mining operations around the world
including the Marigold open-pit heap leach operation, Nevada, USA; Chinchillas open pit mine,
Argentina; Olympic Dam Expansion Project, South Australia; Escondida Mine, Chile and the Escondida
Norte open pit copper mine, Chile.
Mark E. Smith
Mark is President of RRD International Corp. and has been working in base and precious metals mining
and processing for over 40 years with a focus since the late 1990's on South America. He managed the
Vector engineering team in Lima for ten years. His South American heap leach clients have included
Brazilian Nickel and Vale in Brazil; Barrick in Peru, Chile and Argentina; BHP in Colombia, Peru, Chile
and Guatemala; Minsur in Peru; Milpo in Peru; Glencore in Chile; Goldcorp in Chile; Kinross in Chile;
Coldelco in Chile and Peru; Freeport in Peru; Rio Tinto in Peru; Xstrata in Peru and Chile; Group Mexico
in Peru; and Anglo American in Chile and Brazil.
Mark's wet climate heap leach experience includes: Piaui nickel (Piaui, Brazil); Area 118 copper (Para,
Brazil); Cristalino copper HL (Brazil), Cerro Matoso nickel (Colombia); Trapiche copper (Peru);
Newmont gold (Peru); Pierina gold (Peru); La Granja copper (Peru); La Arena gold (Peru); Lagunas
Norte gold (Peru); Acoje nickel (Philippines); Hallmark nickel (Indonesia); Merdeka nickel (Indonesia);
and Gag Island nickel (Indonesia). In addition, he worked on several non-heap leach projects in the high-
rainfall areas of Brazil including Vermelho HPAL nickel, Salobo copper, Coringa gold, Minas Rio iron.
Mark is a registered civil, geotechnical and structural engineer, and has published dozens of papers on
heap leaching, tailings management, and mine closure.
Ian Gendall
Ian Gendall is an independent director of Cabral and is currently President and CEO of DLP Resources
Inc.
Ian is a geologist with over 32 years' experience in South Africa, South America, Canada, Mexico
and the USA, and has led and managed exploration teams and evaluated copper and gold projects for
previous companies such as Gencor, Billiton, Anglo American, Antofagasta and more recently
OceanaGold.
Ian led the Billiton Exploration team which was credited with the major porphyry copper discoveries in
south-east Ecuador which were subsequently optioned to Corriente Resources Inc., which was
subsequently taken over by CRCC-Tongguan Investment Co., Ltd. for $679 million in 2010.
Ian has extensive experience in Brazil and the Tapajos Gold Province having previously managed
programs for Chapleau Resources and Magellan Minerals. During this time he oversaw and managed
the resource estimation and preliminary economic assessment study for the Coringa gold project in
Brazil which is currently operated by Serabi Gold.
P. Mark Smith
P. Mark Smith is a geologist and is Executive Chairman of Cabral.
Mark has more than 40 years of experience in the industry with expertise ranging from exploration,
mining, research, advising, and arranging financings. Mr. Smith started his career as a geologist in the
mining and exploration industry and throughout his career became a Senior Mining Analyst and later a
Managing Director Investment Banker. He spent 20 years working for several mining companies
including Cominco, and the Mineral Deposits Section of the Ontario Geological Survey before
transitioning into the brokerage industry in 1997. For the next 11 years he worked as a mining analyst
with Marleau-Lemire, C.M. Oliver, First Associates, and Dundee Securities, specializing in gold. Over
the next decade Mark was an Investment Banker with Dundee Securities, Stifel Nicolas, and M Partners
where he provided financial, technical, marketing, general corporate, and strategic advice as well as
arranged financing for private and public companies in the mining and exploration sector.
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/190664