Machichie Main Zone, Cuiú Cuiú Gold District
Cabral Gold Drills 6.4m @ 11.6 g/t Gold
Including 1.1m @ 60.0 g/t Gold at the
Machichie Main Zone, Cuiú Cuiú Gold District
Vancouver, British Columbia--(Newsfile Corp. - August 25, 2022) -
Cabral Gold Inc.
(TSXV: CBR)
(OTC PINK: CBGZF)
("Cabral" or the
"
Company
") is pleased to provide assay results from five
diamond-drill holes testing the Machichie Main zone discovery within the Cuiú Cuiú gold
district.
Highlights are as follows:
DDH303 returned the following intervals in primary intrusive basement rocks;
6.4m @ 11.6 g/t gold
from 123.6m including
1.1m @ 60.0 g/t gold
3.8m @ 1.3 g/t gold
from 81.9m
1.9m @ 2.2 g/t gold,
from 76.8m
DDH279 returned the following intervals in primary intrusive basement rocks;
16m @ 2.9 g/t gold
from 112.4m including
1.1m @ 29.7 g/t gold
3.6m @ 3.4 g/t gold
from 232.6m including
0.5m @ 14.9 g/t gold
3.2m @ 2.7 g/t gold,
from 77.2m
3.0m @ 1.1 g/t gold,
from 138.5m
DDH302 returned
7.3m @ 5.0 g/t gold
from 202.5m, including
1.8m @ 18.5 g/t gold.
DDH300
returned
15.7m @ 1.6 g/t gold
from 176.2m, including
0.8m @ 8.9 g/t gold, and 0.5m @ 12.5 g/t
gold.
DDH301 returned
12.2m @ 1.4 g/t gold
from 215.6m
These diamond-drill results from Machichie provide further evidence of the continuity of the
Machichie Main zone at depth and indicate that this zone also contains a significant amount of
high-grade gold mineralization
Alan Carter, Cabral's President and CEO commented, "These drill results from the eastern part of the
Machichie Main zone extend the mineralized zone to depth, it remains open down-dip on every
section.
All five follow-up diamond-drill holes at the Machichie Main zone cut broad zones of alteration
including significant zones of high-grade mineralization. This is very similar to the style of
mineralization found within the Central and MG gold deposits, as well as the new PDM discovery.
Recent trenching to the west also suggests that the Machichie Main zone extends for more than 900m
along strike. To the west, it coalesces with a major north-east trending vein array. Combined, the
Machichie W, Machichie SW, Machichie Main zone and Machichie NE target areas are now referred
to as the Machichie Complex, which is likely to grow into a significant deposit"
Machichie Main Zone Drill Results
The Machichie target is located 500m north-west of the MG gold deposit (Figure 1). Previous drilling at
the Machichie Main zone identified a persistent mineralized zone which is east-trending and dips steeply
to the north. This main zone consists of a high-grade core zone surrounded by a low-grade alteration
envelope which is similar in style to the primary bedrock gold deposits at MG and Central, as well as the
recently announced PDM basement discovery.
Figure 1: Map showing the location of the Central and MG gold deposits, the recent discoveries at
PDM and Machichie, the three oxide blankets and the new Machichie West area. Other key gold
targets are shown as yellow circles
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/134813_cabral_fig1_550.jpg
The current drill program testing the Machichie Main zone (Figure 2) was designed to expand the zone of
mineralization down-dip and along strike. All of the five holes reported herein were drilled on three
adjacent N-S sections and down-dip from limited previous shallow drill intercepts. All of the holes
successfully intercepted significant intervals of mineralization down-dip, including several high-grade
intercepts.
Figure 2: Detailed map showing the Machichie Main zone trending east-west and drill results from
holes DD279 and DDH300 to DDH303. Background is RTP magnetic data. The outline of the low-
grade alteration envelopes for MG and Machichie are shown in yellow
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/134813_65ef18a9c4ed0a90_003full.jpg
Section E553055
DDH303 was drilled down dip of DDH196 on section E553055 (Figure 3, Table 1).
DDH196 was the only previously drilled hole on this section. This shallow hole cut two mineralized
intervals which returned 10.5m @ 0.5 g/t gold and 2m @ 5.85 g/t gold. DDH303 successfully extended
both of these zones approximately 50m down dip (Figure 3).
The results from DDH303 include
6.4m @ 11.6 g/t gold
from 123.6m including
1.1m @ 60.0 g/t gold
;
3.8m @ 1.3 g/t gold
from 81.9m;
1.9m @ 2.2 g/t gold,
from 76.8m. In DDH303, the grade is
significantly higher within both mineralized zones encountered in DDH196, and remain open down-dip
(Figure 3).
Figure 3: Cross section of E553055 showing the results from DDH303 and
the previous hole drilled
on this section, DDH196
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/134813_65ef18a9c4ed0a90_004full.jpg
Section E552960
Drill-holes DDH279, 300 and 301 were all drilled on section E552960 (Figure 4) approximately 95m
west of hole DDH303 on section E553055.
Only one very shallow hole (DDH198) had been previously drilled on section E552960. It cut a broad,
altered and deformed mineralized zone, which included several higher-grade intervals, including: 10.2m
@ 0.5 g/t gold, 2.5m @ 1.0 g/t gold, and 7.8m @ 0.9 g/t gold.
DDH279, 300, and 301 were drilled to better define the dip of the mineralized structures.
These new
holes all confirmed the down-dip continuity of the previous intercept (Figure 4, Table 1). All three holes
combine to extend the mineralized zone an additional 85m down-dip and the zone remains open down-
dip.
DDH279 returned
16m @ 2.9 g/t gold
from 112.4m, including
1.1m @ 29.7 g/t gold
,
3.6m @ 3.4
g/t gold
from 232.6m including
0.5m @ 14.9 g/t gold
,
3.2m @ 2.7 g/t gold,
from 77.2m
and
3.0m @ 1.1 g/t gold,
from 138.5m
DDH300 returned
15.7m @ 1.6 g/t gold
from 176.2m, including
0.8m @ 8.9 g/t gold,
and
including
0.5m @ 12.5 g/t gold
DDH301 cut
12.2m @ 1.4 g/t gold
from 215.6m
Figure 4: Cross section of E552960 showing the results from DDH279, DDH300 and DDH301.
The
results from the previous hole drilled on this section, DDH198, are also shown
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/134813_65ef18a9c4ed0a90_005full.jpg
Section E553000
DDH302 was drilled on section E553000 mid-way between the previous sections. Two previous shallow
diamond-drill holes had been drilled on this section (DDH177 and DDH178). Each cut two broad
mineralized intervals. DDH178 intersected 10.2m @ 3.2 g/t gold, and 17.3m @ 1.1 g/t gold (Figure 4).
DDH302 was drilled approximately 100m down dip of DDH178. It returned
7.3m @ 5.0 g/t gold
from
202.5m, including
1.8m @ 18.5 g/t gold
(Figure 5, Table 1).
DDH302 also cut a narrower intercept of
1m @ 1.4 g/t gold from 175.4m depth, which is interpreted to correlate with the section in DDH178 which
returned 17.3m @ 1.1 g/t gold. Both of these Machichie Main zone intercepts remain open down-dip.
Figure 5: Cross section of E553000 showing the results from DDH302 and
the previous holes drilled
on this section (DDH177 and DDH178)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/134813_65ef18a9c4ed0a90_006full.jpg
Interpretation
The results from the initial five diamond-drill holes at the Machichie Main zone confirm that the
mineralized zone is open at depth, and also demonstrated down-dip continuity. All three of the sections
described here are from the central eastern part of the mineralized zone, and indicate that just like the
Central and MG gold deposits, the Machichie Main zone exhibits a significant amount of high-grade gold
mineralization.
Further drilling will be required to define this area further, but the Machichie region now has multiple
mineralized areas that may combine to form the next new significant gold deposit at Cuiú Cuiú. The
recent trenching to the west suggests that the Machichie Main zone could extend at over 900m from east
to west, and it remains open to the west. The new northeast-trending vein arrays and Machichie NE
remain open in all directions and have been only subjected to scout drilling to date.
All mineralization encountered at Machichie to date remains open down-dip and along strike. The
Machichie Complex could prove to be the next significant gold deposit at Cuiú Cuiú.
Drill Hole
Weathering
From
to
Width
Grade
#
m
m
m
g/t gold
DDH279
fresh Rock
77.2
80.4
3.2
2.7
112.4
129.0
16.6
2.9
Incl.
114.6
115.7
1.1
29.7
138.5
141.5
3.0
1.1
232.6
236.2
3.6
3.4
incl.
233.8
234.3
0.5
14.9
EOH
269.0
DDH300
fresh Rock
149.9
152.3
2.5
1.4
176.2
191.9
15.7
1.6
incl.
177.2
178.0
0.8
8.9
incl.
187.2
187.7
0.5
12.5
300.5
301.0
0.5
1.0
EOH
342.1
DDH301
fresh Rock
76.2
78.3
2.1
0.7
207.9
210.6
2.7
2.6
215.6
227.8
12.2
1.4
incl.
225.9
227.0
1.1
4.2
EOH
243.7
DDH302
fresh Rock
175.4
176.4
1.00
1.4
202.5
209.8
7.30
5.0
incl.
206.0
207.8
1.80
18.5
EOH
235.7
DDH303
fresh Rock
58.3
59.8
1.6
1.3
76.8
78.7
1.9
2.2
81.9
85.8
3.8
1.3
88.1
89.7
1.6
1.1
96.1
96.7
0.6
4.0
117.5
120.6
3.1
0.3
123.6
130.0
6.4
11.6
incl.
128.4
129.5
1.1
60.0
140.8
142.0
1.3
0.7
EOH
153.15
Table 1: Drill results from Machichie Main zone regarding holes DDH279 and DDH300 to DDH303
Drilling / Resource Update
Results are pending on 12 diamond-drill holes at MG.
Results are pending on eight additional follow-up diamond-drill holes at Machichie.
Results are also pending on six diamond-drill holes at the Indio.
The preparation of an updated resource estimate for the Cuiú Cuiú project is still in progress. The NI 43-
101 estimate is being carried out by SLR Consulting (Canada) Ltd. and is expected to be completed
during Q3 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