Gold-in-Oxide Mineralization at the Central Gold Deposit, Cuiú Cuiú District
Cabral Gold Drills 20.9m @ 4.2 g/t Gold within
Gold-in-Oxide Mineralization at the Central
Gold Deposit, Cuiú Cuiú District
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2022) -
Cabral Gold Inc.
(TSXV: CBR) (OTC
PINK: CBGZF)
("Cabral" or the
"
Company
") is pleased to provide assay results from ten diamond-
drill holes in the southern part of the Central gold deposit within the Cuiú Cuiú Gold District, northern
Brazil.
Highlights are as follows:
DDH306 drilled on Section N20895 returned the following mineralized intervals:
20.9m @ 4.2 g/t gold
from 23.1m in oxidized and weathered material,
including 2.0m @
32.3 g/t gold
from 35.0m and
3.0m @ 4.8 g/t gold
from 39.0m
23.5m @ 1.7 g/t gold
from 50.5m in oxide material,
including 2.0m @ 17.0 g/t gold
from
68.0m
35m @ 1.2 g/t gold
from 112.0m in fresh basement mineralization,
including 1.7m @ 6.8
g/t gold
from 121.0m
DDH307 was drilled on Section N21045 and returned
30.9m @ 2.4 g/t gold
from 42.0m within
fresh rock, including
1.0m @ 38.7 g/t gold
from 48.0m
Other significant drill results from
oxidized and weathered material
at Central include;
DDH282:
38.0m @ 0.7 g/t gold
from surface
DDH283:
80.0m @ 0.5 g/t gold
from surface
DDH305:
49.2m @ 0.6 g/t gold
from 33.9m
DDH269:
13.7m @ 0.5 g/t gold
from surface and
17.7m @ 0.5 g/t gold
from 64.4m
DDH280:
28.0m @ 0.5 g/t gold
from surface
DDH284:
20.3m @ 0.6 g/t gold
from surface
Additional highlighted drill results from the
primary basement gold mineralization
at Central
include;
DDH280:
37.0m @ 1.1 g/t gold
from 80.7m, including
1.1m @ 15.0 g/t gold
DDH305:
55.0m @ 0.8 g/t gold
from 123.0m, including
0.7m @ 24.3 g/t gold
DDH269:
16.9m @ 0.9 g/t gold
from 92.2m,
31.2m @ 1.0 g/t gold
from 117.9m and
5.6m
@ 4.5 g/t gold
from 167.8m
,
including
2.0m @ 12.0 g/t gold
Alan Carter, Cabral's President and CEO commented, "These latest high-grade drill results from the
Central gold deposit indicate that at least two, possibly three high-grade veins exist within the broader
Central gold deposit. These zones extend up to surface and have been weathered, resulting in high-
grade oxide material, which is very similar to the situation at the MG gold-in-oxide blanket, where a
higher-grade core sits directly above the underlying primary gold deposit. These drill results imply the
presence of more high-grade material at Central than previously thought in both the near surface
oxide mineralization and the underlying primary basement gold deposit."
Central Diamond-Drill Results
The Central gold deposit is located 5km northwest of the MG gold deposit and 2.5km southeast of the
PDM target within the Cuiú Cuiú gold district (Figure 1).
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 Figure 1, please visit:
https://images.newsfilecorp.com/files/3900/130225_33d7987e0410aaee_002full.jpg
Diamond drilling at Central has been designed to: 1) better establish continuity and define high-grade,
highly altered, brecciated and sheared zones within the primary basement deposit, 2) explore for
additional high-grade mineralization in parts of the current resource with a low historic drill density, and
3) improve definition of the near-surface gold-in-oxide mineralization, a portion of the deposit that was
largely undrilled historically.
Assay results are reported herein from ten diamond-drill holes recently completed on several sections of
the Central deposit (Figures 2, 3, 4 and 5).
Figure 2: Map showing the outline of the Central gold deposit and the location of diamond-drill holes
completed to date. Note the location of the three recently identified high grade zones (shown in red).
Recently completed diamond-drill holes with results reported herein are highlighted.
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/3900/130225_33d7987e0410aaee_003full.jpg
Section N20895
Three diamond-drill holes (DDH269, DDH280 and DDH306) were completed on Section N20895.
(Figures 2 and 3, Table 1).
DDH306 was drilled from the SW to the NE and intersected multiple high-grade zones (Figure 3, Table
1). Two broad zones of mineralization were intersected within oxide material. The first was
20.9m @ 4.2
g/t gold
from 23.1m, which included
2.0m @ 32.3 g/t gold
from 35.0m and
3.0m @ 4.8 g/t gold
from
39.0m. The second interval was
23.5m @ 1.7 g/t gold
from 50.5m which included
2.0m @ 17.0 g/t
gold
from 68.0m.
In addition, the hole intersected
35m @ 1.2 g/t gold
from 112.0m within fresh
unweathered basement, including
1.7m @ 6.8 g/t gold
from 121.0m (Figure 3).
DDH269 and DDH280 were both drilled from the northeast towards the southwest and intersected the
same high-grade zones that are evident in DDH306 within fresh bedrock (Figure 3, Table 1). DDH280
returned
37.0m @ 1.1 g/t gold
from 80.7m including
1.1m @ 15.0 g/t gold.
DDH269 returned
16.9m @
0.9 g/t gold
from 92.2m,
31.2m @ 1.0 g/t gold
from 117.9m and
5.6m @ 4.5 g/t gold
from 167.8m.
The latter intercept included
2.0m @ 12.0 g/t gold.
Previous drilling on neighboring sections (Figure 2) also returned high-grade intercepts. For example,
DDH268, drilled on Section N20870, immediately to the south, returned
9.6m @ 16.4 g/t gold,
including
1.2m @ 112.0 g/t gold
and
2.1m @ 11.5 g/t gold.
Similarly, DDH250, drilled on section N20920,
immediately to the north, returned
23.8m @ 5.5 g/t gold,
including
0.7m @ 98.4 g/t gold
and
1.2m @
51.0 g/t gold.
The additional new drill results demonstrate the presence of multiple parallel high-grade zones
at Central that can be interpreted to extend along strike for at least 120m and extend to depths
of greater than 350m (Figures 1 and 3).
These higher-grade zones are surrounded by broad lower-
grade envelopes.
Figure 3: Section N20895 through the southern part of the Central gold deposit showing
the location of
diamond-drill holes DDH269, DDH280 and DDH306.
To view an enhanced version of Figure 3, please visit:
https://images.newsfilecorp.com/files/3900/130225_33d7987e0410aaee_004full.jpg
.
Section N20920
DDH305 was drilled on section N20920 (Figures 2 and 4). DDH250, which was previously reported
from this section returned
23.8m @ 5.5 g/t gold,
including two high-grade structures;
0.7m @ 98.4 g/t
gold
and
1.2m @ 51.0 g/t gold
(see press release dated February 10, 2022).
DDH305 successfully tested the up-dip extent of the high-grade mineralization in the overlying weathered
and oxidized material (Figure 4, Table 1). It cut
49.2m @ 0.6 g/t gold
from 33.9m depth in the oxidized
material, up dip from the previously reported intercept in DDH250.
DDH305, also encountered another
high-grade zone in fresh primary rock further to the north, returning
0.7m @ 24.3 g/t gold
from 123.0m.
This second high-grade zone also occurs within a lower-grade envelope of
55.0m @ 0.8 g/t gold
from
123.0m.
The drilling on this section confirms the presence of at least two parallel high-grade zones
within a broad envelope of lower-grade mineralization, and that the basement mineralization
can be traced upwards into the extensive saprolitized and oxidized weathered basement
profile.
Figure 4: Section N20920 through the south-central part of the Central gold deposit showing the
location of diamond-drill hole DDH305 which intersected
49.2m @ 0.6 g/t gold
from 33.9m depth in
the oxidized material and
55.0m @ 0.8 g/t gold
from 123.0m including
0.7m @ 24.3 g/t gold
.
To view an enhanced version of Figure 4, please visit:
https://images.newsfilecorp.com/files/3900/130225_33d7987e0410aaee_005full.jpg
Section N21045
A single diamond-drill hole (DDH307) was completed on Section N21045 (Figures 2 and 5).
This section had only one historic hole (CC54) which was drilled oblique through the section. CC54
intersected 125m of continuous gold mineralization, comprising
22.2m @ 0.4 g/t gold
in saprolite
basement from 29.4m to 51.6m, and
102.7m @ 0.9 g/t gold
in fresh basement rocks directly below,
including
1.8m @ 5.7 g/t gold.
DDH307 also hit a significant high-grade mineralized interval. It returned
30.9m @ 2.4 g/t gold
from
42.0m within fresh rock, including
1.0m @ 38.7 g/t gold
from 48.0m (Figures 2 and 5). This is
interpreted to be the northern extension of the same high-grade zone intersected in hole DDH306
located 150m further south on Section N20895 (see above) which returned
20.9m @ 4.2 g/t gold
including
2.0m @ 32.3 g/t gold
and
2.0m @ 17.0 g/t gold.
Figure 5: Section N21045 through the south-central part of the Central gold deposit showing the
location of diamond-drill hole DDH307 which intersected
30.9m @ 2.4 g/t gold
from 42.0m
within
fresh rock, including
1.0m @ 38.7 g/t gold
from 48.0m.
To view an enhanced version of Figure 5, please visit:
https://images.newsfilecorp.com/files/3900/130225_33d7987e0410aaee_006full.jpg
Drill Hole
Weathering
Mineralized
Zone
From
to
Width
Grade
#
m
m
m
g/t gold
DDH269
Oxide
0.0
13.7
13.7
0.5
64.4
82.1
17.7
0.5
82.1
85.4
3.3
0.4
92.2
109.1
16.9
0.9
117.9
149.1
31.2
1.0
incl.
143.0
144.3
1.3
6.2
167.8
173.4
5.6
4.5
incl.
171.4
173.4
2.0
12.0
196.3
201.2
4.9
1.0
205.0
219.4
14.4
0.5
EOH
228.20
DDH280
Oxide
0.0
28.0
28.0
0.5
56.0
57.0
1.0
1.2
69.4
72.0
2.6
1.8
73.5
77.0
3.5
2.1
80.7
117.7
37.0
1.1
incl.
111.9
113.0
1.1
15.0
131.6
147.9
16.3
0.4
169.9
171.0
1.1
1.8
EOH
171.00
DDH282
Oxide
0.0
38.0
38.0
0.7
127.5
134.0
6.5
0.4
140.0
152.0
12.0
0.7
EOH
162.15
DDH283
Oxide
0.0
80.0
80.0
0.5
80.0
84.0
4.0
0.8
113.8
115.1
1.3
1.1
118.7
120.8
2.1
2.6
incl.
122.5
124.0
1.5
1.1
EOH
166.50
DDH284
Oxide
0.0
20.3
20.3
0.6
47.3
50.5
3.2
0.2
EOH
103.60
DDH305
Oxide
0.0
5.6
5.6
0.4
33.9
83.1
49.2
0.6
123.0
178.0
55.0
0.8
incl.
123.0
123.7
0.7
24.3
EOH
237.30
DDH306
Oxide
0.0
8.3
8.3
0.5
23.1
44.0
20.9
4.2
incl
35.0
37.0
2.0
32.3
incl
39.0
42.0
3.0
4.8
50.5
74.0
23.5
1.7