Defines Higher Grade Zone within the Gold-in- Oxide Blanket at the MG Target, Cuiú Cuiú District, Brazil
Cabral Gold Drills 46m @ 1.3 g/t gold and
Defines Higher Grade Zone within the Gold-in-
Oxide Blanket at the MG Target, Cuiú Cuiú
District, Brazil
Vancouver, British Columbia--(Newsfile Corp. - November 24, 2021) -
Cabral Gold Inc.
(TSXV: CBR)
(OTC: CBGZF)
("Cabral" or the
"
Company
") is pleased to provide assay results from an additional
20 RC holes at the MG gold-in-oxide blanket at the Cuiú Cuiú gold
district in northern Brazil.
Highlights are as follows:
Recent RC drilling at the MG gold-in-oxide blanket has defined a zone of higher grade gold
mineralization extending at least 700m E-W. It directly overlies the underlying primary gold deposit
in granitic rocks at MG
Results have been received from 20 additional RC drill holes. These were designed to further test
the extent and continuity of the MG gold-in-oxide blanket which overlies the primary MG gold
deposit. Results include;
46m @ 1.3 g/t gold, 47m @ 0.7 g/t gold, 48m @ 0.5 g/t gold, 16m @
1.2 g/t gold, 20m @ 0.8 g/t gold,
and
14m @ 0.9 g/t gold
These RC drill results from the MG gold-in-oxide blanket have
increased the surface area of the
blanket by a further 11% to 40 hectares
. This represents a 100% increase to the initial
estimated size of 20 hectares
The gold-in-oxide blanket remains open in several directions and drilling of the higher-grade
portions of the underlying MG primary gold deposit is in progress. Drilling is also in progress at the
Central gold deposit and the PDM target
Alan Carter, Cabral's President and CEO commented, "These RC drill results indicate that the
recently identified gold-in-oxide blanket at MG contains a significant core of higher-grade gold
mineralization and provide further evidence that we have a significant new discovery on our hands.
The fact that it is located at surface within unconsolidated, oxidized soil and sediments would suggest
that it is likely to be very important in terms of the overall economic viability of the Cuiú Cuiú gold
district. We look forward to receiving additional RC results from MG and the results of the recently
announced metallurgical work, as well as diamond drill results from the primary gold deposits at MG
and Central, and drill results from the PDM and Alonso targets".
MG Gold-in-Oxide Blanket RC Drilling
Following the discovery of an extensive gold-in-oxide blanket in near-surface unconsolidated material
directly above the primary MG gold deposit in April of this year (see press release dated April 15, 2021
and Figure 1), Cabral has moved swiftly to define the limits to the gold-in-oxide mineralization (see press
releases dated July 29, 2021, August 31, 2021, October 14, 2021 and November 9, 2021).
Figure 1: Map showing the location of the MG deposit and overlying MG gold-in-oxide target, as well
as the
Central gold deposit, the Pau de Merenda (PDM) gold-in-oxide blanket
and other key targets
within this part of the Cuiú Cuiú district
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3900/104959_eaaa1ec0b465bb76_002full.jpg
A total of 79 RC holes have been drilled to date to test the MG gold-in-oxide blanket. Results have been
reported on a total of 69 RC holes including 20 holes which are reported herein.
Assay results have been received for holes RC207 through RC219, and RC230 to RC236 (Figure 2 and
Table 1). Nearly all of these 20 holes returned intervals of gold-in-oxide mineralization within the overlying
unconsolidated soils and sediments, and have expanded the surface footprint of the gold-in-oxide
blanket at MG by a further 11% (to 40 hectares) from the most recent size estimate of 36 hectares (see
press release dated November 9, 2021).
Figure 2: Map showing the outline of the gold-in-oxide blanket and the underlying primary gold
deposit at MG and also all of the diamond and RC drill holes completed to date. Results highlighted
in yellow are all new and reported in this news release
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3900/104959_eaaa1ec0b465bb76_003full.jpg
Furthermore, these recent tighter spaced RC drill results, together with previously reported results from
the gold-in-oxide blanket, indicate the presence of a significant zone of higher grade gold mineralization
within the blanket (Figure 3). This higher grade zone extends over at least 700m in an E-W direction and
directly overlies the underlying primary gold deposit within granitic host rocks at MG.
Figure 3: Map showing the outline of the gold-in-oxide blanket and the underlying primary gold
deposit at MG and also location of all of the diamond and RC drill holes completed to date. The
blanket is contoured in terms of grams x meters with the black line enclosing the red area
representing the 10gxm contour which defines the higher grade core of the blanket
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/3900/104959_eaaa1ec0b465bb76_004full.jpg
The most significant intercepts from the recent RC holes reported here are as follows:
RC210 and RC211 were both drilled on section 553350. The section had no previous drilling and is
located in the western central part of the gold-in-oxide blanket (Figures 2 and 4). RC210 is the northern-
most hole drilled on the section and returned
46m @ 1.3 g/t gold
from surface including
5m @ 3.6 g/t
gold
from 6m. This result lies within a E-W trending zone of higher grade gold mineralization in the gold-
in-oxide blanket. RC211 was drilled approximately 45m to the south and intersected 14m @ 0.4 g/t gold
from surface.
Figure 4: Cross-section (line 553350) through the MG deposit and overlying MG gold-in-oxide
target,
showing assay results from RC drill holes RC210 and RC211
To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/3900/104959_eaaa1ec0b465bb76_005full.jpg
RC207, RC208 and RC209 were all drilled on section 553250 in the west central part of the gold-in-
oxide blanket (Figures 2 and 5). RC209 was located in the center of the section and returned
47m @ 0.7
g/t gold
from surface. RC208 was drilled approximately 30m north of RC209 and returned
48m @ 0.5
g/t gold
from surface in the gold-in-oxide blanket. RC208 also intersected
40m @ 0.4 g/t
gold in the
underlying granitic rocks (Figure 5). RC207 is the southernmost hole on the section, and cut 8m @ 0.3
g/t gold from surface, suggesting the blanket thins to the south.
Figure 5: Cross-section (section 553250) through the MG deposit and overlying MG gold-in-oxide
target,
showing assay results from RC drill holes RC207, RC208 and RC209
To view an enhanced version of Figure 5, please visit:
https://orders.newsfilecorp.com/files/3900/104959_eaaa1ec0b465bb76_006full.jpg
RC212, RC213 and RC214 were all drilled on section 552950 in the western part of the gold-in-oxide
blanket (Figure 2). RC213 was the southernmost hole drilled on the section returned
14m @ 0.9 g/t gold
from 13m depth
as well as 7m @ 0.4 g/t gold
from surface. Both intercepts are in the gold-in-oxide
blanket, and indicate that the blanket is open to the south. RC213 also intersected
8m @ 0.5g/t gold
from 46m depth in the underlying granite and ended in mineralization.
Drill holes RC215, RC216 and RC217 were all completed on section 553150 located in the central
western part of the gold-in-oxide blanket at MG. RC216 returned
16m @ 1.2g/t gold
from surface, while
RC217 returned
12m @ 0.5 g/t gold
from surface. Drilling on this section indicates that the gold-in-
oxide blanket is still open to both the north and south.
Drill holes RC219, RC230, RC234 and RC235 were all completed at the eastern end of the gold-in-
oxide blanket. RC234 returned
20m @ 0.8 g/t gold
from 28m depth, including
4m @ 3.7 g/t gold
,
indicating that the blanket remains open to both the north and northeast.
The RC drilling program has been successful in delimiting and expanding an extensive, near surface
zone of blanket mineralization at MG that was not previously recognized, and hence was largely not
incorporated in previous resource estimates. Tighter drill spacing has also defined a higher grade east-
trending zone within the blanket. All of this material would likely represent pre-strip for any pit exploiting
the MG basement mineralization.
This oxidized, unconsolidated material could be an important source of
additional gold, particularly if it is amenable to lower cost heap leach processing (see also Cabral news
release November 9, 2021).
Diamond drilling is ongoing at MG. While this program is designed to test for, and delimit, higher grade
basement gold mineralization, these are deeper holes drilled from the north to south. It is possible that
some of these diamond holes may encounter additional blanket mineralization as most of these
drillholes will be collared in the saprolite sequence directly to the north of the currently defined blanket
limits.
Assay results are still pending on an additional ten RC holes which have tested the blanket at MG.
Drill Hole
Weathering
Mineralized Zone
From
to
Width
Grade
#
m
m
m
g/t gold
RC207
Oxide/Saprolite
Blanket
0.0
8.0
8.0
0.3
EOH
57.0
RC208
Oxide/Saprolite
Blanket
0.0
48.0
48.0
0.5
Fresh Rock
50.0
90.0
40.0
0.4
EOH
112.0
RC209
Oxide/Saprolite
Blanket
0.0
47.0
47.0
0.7
Fresh Rock
47.0
56.0
9.0
0.5
EOH
64.0
RC210
Oxide/Saprolite
Blanket
0.0
46.0
46.0
1.3
incl.
6.0
11.0
5.0
3.6
and
9.0
10.0
1.0
7.7
Fresh Rock
91.0
94.0
3.0
0.7
EOH
145.0
RC211
Oxide/Saprolite
Blanket
0.0
14.0
14.0
0.4
Fresh Rock
64.0
65.0
1.0
0.4
EOH
86.0
RC212
Oxide/Saprolite
Blanket
0.0
3.0
3.0
0.3
14.0
28.0
14.0
0.4
Fresh Rock
45.0
51.0
6.0
0.3
EOH
RC213
Oxide/Saprolite
Blanket
0.0
7.0
7.0
0.4
13.0
27.0
14.0
0.9
Fresh Rock
46.0
54.0
8.0
0.5
EOH
54.0
RC214
Oxide/Saprolite
Blanket
0.0
4.0
4.0
0.4
Fresh Rock
34.0
37.0
3.0
0.1
46.0
53.0
7.0
0.5
64.0
67.0
3.0
0.4
EOH
352.6
RC215
Oxide/Saprolite
Blanket
0.0
54.0
54.0
0.2
Fresh Rock
63.0
69.0
6.0
0.2
EOH
100.0
RC216
Oxide/Saprolite
Blanket
0.0
16.0
16.0
1.2
Fresh Rock
49.0
52.0
3.0
0.4
EOH
56.0
RC217
Oxide/Saprolite
Blanket
0.0
12.0
12.0
0.5
EOH
61.0
RC218
Oxide/Saprolite
Blanket
0.0
N.S.V
EOH
76.0
RC219
Oxide/Saprolite
Blanket
2.0
13.0
11.0
0.1
18.0
35.0
17.0
0.1
Fresh Rock
74.0
82.0
8.0
1.2
87.0
103.0
16.0
0.6
EOH
115.0
RC230
Oxide/Saprolite
Blanket
8.0
27.0
19.0
0.2
32.0
50.0
18.0
0.4
Fresh Rock
58.0
66.0
8.0
0.6
94.0
98.0
4.0
0.4
112.0
115.0
3.0
1.3
EOH
115.0
RC231
Oxide/Saprolite
Blanket
0.0
30.0
30.0
0.2
EOH
50.0
RC232
Oxide/Saprolite
Blanket
0.0
N.S.V.
EOH
52.0
RC233
Oxide/Saprolite
Blanket
0.0
7.0
7.0
0.1
13.0
16.0
3.0
0.1
21.0
24.0
3.0
0.1
EOH
53.0
RC234
Oxide/Saprolite
Blanket
13.0
14.0
1.0
0.1
28.0
48.0
20.0
0.8
incl
28.0
32.0
4.0
3.7
Fresh Rock
48.0
60.0
12.0
0.2
EOH
60.0
RC235
Oxide/Saprolite
Blanket
1.0
17.0
16.0
0.1
Fresh Rock
98.0
103.0
5.0
0.3
EOH
133.0
RC236
Oxide/Saprolite
Blanket
7.0
9.0
2.0
0.3
EOH
133.0
Table 1: Table of drill assay results for reconnaissance RC drill holes at the
MG gold-in-oxide target,
RC207 to RC219, RC230 to RC236
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