Cabral Reports Drill Results of 2.8m @ 19.5 g/t Gold including 0.7m @ 70.3g/t from Morro da Lua at Cuiú Cuiú
Cabral Reports Drill Results of 2.8m @ 19.5 g/t Gold
including 0.7m @ 70.3g/t from Morro da Lua at Cuiú Cuiú
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2019) -
Cabral Gold Inc.
(TSXV:
CBR)
("Cabral" or the "Company")
is
pleased to provide additional results from the 2019 drilling program at the Cuiú Cuiú Project, Pará State, Brazil.
Highlights
A single hole 194-19 drilled at the previously untested Morro da Lua target, returned
2.8m @ 19.5 g/t gold from 42.2 -
45.0m including 0.7m @ 70.3 g/t gold
In addition, hole 194-19 cut
0.5m @ 9.1g/t gold from 99.9m and 0.6m @ 14.8g/t gold from 130.9m,
indicating the
presence of at least three high grade veins
Hole 189-19 which was drilled to test the western extension to the Jerimum Cima zone returned 24m @ 0.7 g/t gold from
surface to 24.0m including
0.7m @ 8.9 g/t gold
Morro da Lua
The Morro da Lua target is the most northerly of the ten targets tested during the recent drill campaign (see Figure 1) and is
characterised by NE and E-W trending magnetic features, and a moderate gold-in-soil anomaly extending over an area of
1500m E-W x 700m N-S. It is also the location of numerous historic shafts developed by garimpeiro miners, which were notable
for producing a high proportion of samples with visible gold. The shafts are located upstream from alluvial workings extending
two kilometers to the north. Surface grab samples from vein samples excavated from these shafts during mid-2018 returned
results ranging from
5.5 to 162.4 g/t gold
(Figure 2) within an area of 220m E-W and 210m N-S (see press release dated 19
th
June 2018). Channel samples taken during 2018 across two individual veins exposed in narrow underground galleries, returned
grades of
0.3m @ 10.9 g/t gold and 0.3m @ 16.3 g/t gold.
A single hole (CC194-19) was completed on this target to a depth of 183m and intersected
2.8m @ 19.5 g/t gold
from 42.2 to
45.0m
including 0.7m @ 70.3 g/t gold
from 42.2m. In addition, the hole intersected
0.5m @ 9.1g/t gold from
99.9m and
0.6m
@ 14.8g/t gold
from 130.9m indicating the presence of at least three high grade veins.
The drilling at Morro da Lua has confirmed the presence of multiple high-grade veins at depth and more importantly confirmed
the continuation of high-grade mineralization at depth. Further drilling will be required to establish the vertical and lateral
continuity of these high-grade veins.
Jerimum Cima
One diamond drill hole was completed at the Jerimum Cima ("JC") target which is located approximately 3.5km NW of the
Moreira Gomes ("MG") deposit.
Historic drill results at Jerimum Cima include
39m @ 5.1 g/t gold
. Surface channel sampling completed during 2018 200m west
of the historic drilling returned values of
9m @ 2.0 g/t Au including 5m @ 3.16 g/t gold
(see press release dated 21st March
2018), and
12.4m @ 1.9g/t gold, 1.7m @ 15.7 g/t gold and 8m @ 1.1 g/t gold
(see press release dated 19
th
June 2018),
and confirmed the presence of an E-W trending zone of alteration and mineralization approximately 20m in width and open to
the west.
Hole 189-19 was drilled from the north to the south at 50 degrees across this zone to a depth of 195m and intersected a broad
low-grade zone from 0 to 24.0m which averaged 24m @ 0.7 g/t gold from 0 to 24.0m including
0.7m @ 8.9 g/t gold
from
surface, and 11.1m @ 0.4g/t Au from 60.3m.
The drilling and channel sampling results confirm the continuation of the mineralized zone at least 150m west of the limit of
historic drilling and confirm bedrock mineralization associated with the extent of the saprolite workings which extend E-W over
500m. The zone remains open to the west.
Figure 1: Location of mineralized zones (yellow) and resources (red) in the core Cuiú Cuiú area
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3900/44838_9b1a2c683416dad1_002full.jpg
Other targets
The four reconnaissance drill targets where results were pending returned only trace levels of mineralization (holes 188-19,
completed at QB, hole 191-19 at JE, and holes 192-19 and 193-19 at JN). A single hole 190-19, drilled at the JS target, was
abandoned at 57.6m prior to reaching the target depth.
Follow-up programs of rock chip and channel sampling are continuing at Machichie, as well as several other targets on the
property. New auger and soil sample grids are being established in previously untested areas in the northeast portion of the
property.
Alan Carter, President & CEO stated "We are very pleased with the high-grade drill results from Morro da Lua which add to very
compelling high-grade intercepts recently released from the Machichie, Machichie East and Seis Irmaos targets. All four of
these targets had no previous drilling and further highlight the excellent high-grade potential of the Cuiú Cuiú project. Additional
drilling will be required to determine the size and grade of these new discoveries, together with the high-grade zones at the
Central and MG deposits, where there are almost 60 historic drill intercepts above 10g/t gold".
Figure 2: Morro da Lua target map showing location of surface samples and recently completed drillhole
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3900/44838_9b1a2c683416dad1_003full.jpg
About Cabral Gold Inc.
The Company is a junior resource company and is engaged in the identification, exploration and development of mineral
properties, with a primary focus on gold properties located in Brazil.
The Company owns the Cuiú Cuiú gold project located in
the Tapajós Region within the state of Pará in northern Brazil.
The Tapajós Gold Province is the site of the largest gold rush in Brazil's history. Cuiú Cuiú was the largest garimpo in the
Tapajós and produced an estimate 2Moz of placer gold historically.
FOR FURTHER INFORMATION PLEASE CONTACT:
"Alan Carter"
President and Chief Executive Officer
Cabral Gold Inc.
Tel: 604.676.5660
Dr Adrian McArthur, B.Sc. Hons, PhD. FAusIMM., 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 in the
company's supervised exploration office. The samples are couriered to the assay laboratory using a commercial contractor.
Pulps and rejects are returned to the Company and archived. Drilling results are reported as down-hole length weighted
intersections.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/44838