Cabral Gold Reports Positive Results from New Surface Trenches West of Machichie Main Zone, Cuiú Cuiú Gold District
Cabral Gold Reports Positive Results from
New Surface Trenches West of Machichie
Main Zone, Cuiú Cuiú Gold District
Vancouver, British Columbia--(Newsfile Corp. - April 7, 2022) -
Cabral Gold Inc.
(TSXV: CBR) (OTC
PINK: CBGZF)
("Cabral" or the
"
Company
") is pleased to provide assay results from several
trenches excavated on strike and immediately west of the Machichie main zone within the Cuiú Cuiú gold
district.
Highlights are as follows:
Trench CT38A is a north-south trench, located approximately 85m west of the most westerly drill
hole at the E-W trending Machichie main zone. It returned two separate intercepts;
11m @ 1.2 g/t gold,
including
0.6m @ 9.6 g/t gold
, at the south end of the trench
38.6m @ 0.7 g/t gold,
including
2.0m @ 3.9 g/t gold
, at the north end of the trench
Mineralization remains open at both ends of the trench
The southern intercept in CT38A is along strike from CT35A and interpreted to further be the
western extension of the E-W trending Machichie main zone. The northern intercept is a completely
new mineralized zone of undetermined dimensions
Trench CT37 completed 50m east of CT38A returned three separate zones, including:
1.3m @ 4.3 g/t gold
3.2m @ 1.1 g/t gold
1.5m @ 1.3 g/t gold
Alan Carter, Cabral's President and CEO commented, "The significance of these results at Machichie
is in their location between the most westerly drill hole at Machichie and earlier trenches excavated a
couple of hundred metres further west, which returned 5m @ 8.3 g/t gold. The lateral extent of the
Machichie gold system appears to be significantly larger than previously thought. With additional
trenching, and drilling about to start in this area, and diamond drilling also in progress at Central, MG
and Indio, we anticipate an exciting few months for Cabral's shareholders."
Machichie Trench Results
The Machichie target is located 500m north of the MG gold deposit (Figure 1). Previous drilling at
Machichie identified a persistent mineralized zone which is E-W trending and dips steeply to the north.
This main zone consists of a high-grade core zone surrounded by a low-grade alteration envelope. This
is very similar to the style of the primary bedrock gold deposits at MG and Central, as well as the recently
announced PDM basement discovery (see press releases dated December 15, 2021 and January 12,
2022).
Figure 1: Map showing the location of the Machichie target and the existing MG and Central gold
primary gold deposits, as well as the recently identified gold-in-oxide blanket and underlying
mineralized zone in hard rock at the PDM target within the Cuiú Cuiú district. Other key targets are
shown as yellow circles
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3900/119637_0f8d1a6684135a7e_002full.jpg
Drilling to date at Machichie returned consistent gold values up to
34m @ 5.4 g/t gold,
including
13m @
13.4 g/t gold
(see press release dated January 7, 2021).
In late 2021, Cabral commenced a series of reconnaissance N-S trenches up to 300m west of the
known Machichie main zone. Several new mineralized structures were uncovered in the initial trenching
including an E-W trending zone in trench CT35A that returned
5m @ 8.3 g/t gold
,
including
1m @ 37.8
g/t gold.
This mineralized structure is 300m west of the most westerly drill hole at Machichie. It is directly
along strike from the main mineralized zone at Machichie, suggesting a significant extension to the
mineralized zone (Figure 2).
Trench CT38A
A new trench, CT38A, was excavated closer to the main Machichie mineralized zone (Figure 2),
approximately 85m west of the most westerly drill hole at the main E-W trending Machichie main zone. It
is also 200m east from trench CT35A, described in the preceding paragraph.
Trench CT38A returned two significant zones. The southern zone returned
11m @ 1.2 g/t gold,
including 0.6m @ 9.6 g/t gold.
The northern zone assayed
38.6m @ 0.7 g/t gold, including 2.0m @
3.9 g/t gold
. Both of the mineralized zones ran up to the ends of the trench, and remain open to the south
and north, respectively.
The southern mineralized zone in Trench CT38A is along the strike projection of the mineralization
encountered in CT35A and interpreted to further define the western extension of the E-W trending main
Machichie mineralized structure.
The northern mineralized zone in Trench CT38A is a completely new mineralized zone of undetermined
dimensions. It appears to be associated with a NE trending vein swarm. NE trending veins are common
in this part of the Cuiú Cuiú gold
district, but thus far have been found to be discrete fairly narrow
structures at Machichie. This mineralized section appears to be related to a wider and pronounced
geological structure.
Trench CT37
In addition, trench CT37, was excavated 50m east of trench CT38A and 50m west of the most westerly
drill hole RC57 (Figure 2). It also intersected several mineralized structures returning three separate
mineralized intervals, including;
1.3m @ 4.3 g/t gold, 3.2m @ 1.1 g/t gold
and
1.5m @ 1.3 g/t gold.
These trench results lend further credibility to the hypothesis that the main E-W trending mineralized zone
at Machichie extends much further west than previously thought. In addition, the presence of a wider zone
of lower grade mineralization in trench CT38A
(38.6m @ 0.7 g/t gold)
to the north of the inferred
Machichie main zone extension, also suggests the presence of a significant new mineralized zone that
may be NE trending.
Trenching at Machichie is still in progress with diamond drilling scheduled to start in the next few days.
Further results are expected on this emerging discovery in the coming weeks.
Figure 2: Detailed map showing the area immediately west of the Machichie mineralized zone
including previous drill results and recent trenching results.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3900/119637_0f8d1a6684135a7e_003full.jpg
Results are currently pending on six additional trenches totaling 250m at Machichie and the trenching
program is continuing.
Drilling and Trenching Update
Results are pending on seven diamond-drill holes at MG and drilling is continuing.
Results are also pending on ten diamond-drill holes at Central and drilling is continuing.
In addition to the extensive diamond-drilling program that is in progress at Central, RC drilling aimed at
further defining the extent of the gold-in-oxide blanket material is also in progress. Results are currently
pending on 36 RC holes drilled north of Central.
Diamond-drilling continues at the recently discovered mineralized zone in basement granitic rocks at the
PDM target located 2.5km NW of Central (see press release dated January 12, 2022). Results on twelve
diamond-drill holes are currently pending.
Diamond drilling recently commenced at the Indio target, located 1.5km SE of the MG gold deposit. Six
reconnaissance RC drill holes completed in early 2021 failed to test the primary target due to
waterlogged ground but nonetheless cut a number of interesting mineralized structures were
encountered, highlighted by
4m @ 2.5 g/t gold
including
1m @ 8.7 g/t gold,
and
5m @ 2.6 g/t gold
including 2m @ 5.7 g/t gold.
Results are currently pending on the first hole drilled in 2022.
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 @ 0.90g/t (200,000 oz) and Inferred resources of 19.5Mt @ 1.24g/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/119637