Machichie NE Target, Cuiú Cuiú Gold District, Brazil
Cabral Gold Drills 12m @ 27.7g/t Gold at the
Machichie NE Target, Cuiú Cuiú Gold District,
Brazil
Vancouver, British Columbia--(Newsfile Corp. - April 3, 2025) -
Cabral Gold Inc. (TSXV: CBR) (OTC
Pink: CBGZF)
("Cabral" or the
"
Company")
is pleased to announce drill results from seven additional
RC drill holes at the Machichie NE target, Cuiú Cuiú Gold District, Brazil.
Highlights
RC520 drilled at the Machichie NE target returned
12m @ 27.7 g/t gold
from 42m depth in
saprolite and weathered and altered bedrock including
5m @ 65.5 g/t gold
from 49m depth. This
interval is contained within a wider mineralized zone which averages
22m @ 15.9 g/t gold
Previous drilling at Machichie NE has returned some excellent drill results including RC421 which
intersected
11m @ 33.0 g/t gold
including
4m @ 89.3 g/t gold,
RC449 which returned
6m @
13.3 g/t gold
including
1m @ 77.5 g/t gold
and DDH331 which returned
5m @ 24.5 g/t gold
including
2m @ 60.5 g/t gold
The high-grade intercept of 12m @ 27.7 g/t gold in RC520, together with previous holes, including
RC0421, RC0449 and DDH331, indicate that the mineralized zone extends approximately 200m
along strike. The mineralized zone remains open in all directions and at depth and trends NW-SE
Other notable drill intercepts reported here include 4m @ 1.17 g/t gold and 4m @ 0.85 g/t gold in
RC512 and 2m @ 4.61 g/t gold in RC514
Alan Carter, Cabral's President and CEO commented
, "These results from RC520 (12m @ 27.7 g/t
gold)
are amongst the best drill results we have ever received from any target at Cuiú Cuiú, and are
further confirmation that a significant zone of bonanza-grade gold mineralization exists at Machichie
NE.
The mineralized zone, which remains open at depth and along strike, is located just 150m NE of the
Machichie Main discovery and 650m north of the MG gold deposit. These results (12m @ 27.7 g/t
gold)
follow previous drill results at Machichie NE which include 11m @ 33.0 g/t gold, 6m @ 13.3 g/t
gold, and 5m @ 24.5 g/t gold. We will continue to aggressively explore the 50+ targets at Cuiú Cuiú
where we have gold in boulder fields, trenches and drill holes, whilst advancing our starter gold-in-
oxide project which is targeting gold-in-oxide saprolite material. Given the plethora of high-grade
values at numerous other targets at Cuiú Cuiú, we expect to make further high-grade discoveries
similar to Machichie NE."
Brian Arkell, Cabral's VP Exploration and Technical services commented, "
RC holes 520 and 421 are
two of the highest-grade drill intervals recorded thus far on the Cuiú Cuiú property. They occur in a
well-defined northwest trending structural zone that plunges steeply to the northeast. The highest
grades occur at the contact of saprolite with the underlying weathered and altered primary rock.
Additional drilling is planned to further define the lateral extent and the downdip plunge of the high-
grade zone, both of which are open."
Machichie NE Drill Results
The Machichie NE target is located approximately 150m north-east of the Machichie Main gold deposit
and 650m north of the E-W trending MG gold deposit. (Figure 1).
Figure 1: Map showing location of known gold deposits; Central, MG and JB (in blue) at Cuiu Cuiu, as
well as the location of the Machichie Main zone and Machichie NE discoveries. The PDM discovery,
located 1.5km NW of Central, is also shown, as well as the main exploration targets (yellow dots) and
distribution of historic placer gold workings (pale yellow outlines).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/247208_31c8b063a4e53975_002full.jpg
Drilling during 2024 at Machichie NE intersected a previously unknown zone of high-grade gold
mineralization within basement saprolite and fresh basement (see press releases dated May 30, 2024,
July 25, 2024 and October 28, 2024). Previous drill results include;
11m @ 33.0 g/t gold
including
4m @ 89.3 g/t gold
in RC0421
6m @ 13.3 g/t gold
including
1m @ 77.5 g/t gold
in RC0449
5m @ 24.5 g/t gold
including
2m @ 60.5 g/t gold
in DDH331
Results have been returned on eight additional holes at Machichie NE. The objective of this drilling is
two-fold; (i) to further define the high-grade zone intersected previously in drilling and (ii) to determine if
additional gold-in-oxide resources amenable to heap leach processing extend from the Machichie Main
zone to Machine NE.
RC520 was drilled on N-S section 553305E and returned
22m @ 15.9 g/t gold
in saprolite and
weathered and altered bedrock including
12m @ 27.7 g/t gold
from 42m depth. This interval in turn
included
5m @ 65.5 g/t gold
from 49m depth (Figures 2 and 3, Table 1).
RC0520 was drilled 25m west of RC421 and intersected the same bonanza-grade mineralized zone that
trends NW and was also intersected in holes RC421 which intersected
11m @ 33.0 g/t gold
including
4m @ 89.3 g/t gold,
RC449, which returned
6m @ 13.3 g/t gold
including
1m @ 77.5 g/t gold,
and
DDH331, which returned
5m @ 24.5 g/t gold
including
2m @ 60.5 g/t gold
(Figures 2 and 4). These
results indicate that the mineralized zone extends approximately 200m along strike. It remains open in all
directions and at depth and trends NW-SE.
Other notable drill intercepts reported here include 4m @ 1.17 g/t gold and 4m @ 0.85 g/t gold in RC512
and 2m @ 4.61 g/t gold in RC514 (Figure 2, Table 1).
Figure 2: Map showing Machichie NE target and location of previous drill holes and new drill holes
particularly RC0520 which intersected
22m @ 15.9 g/t gold
including
12m @ 27.7g/t gold
.
Background is Total Magnetic Intensity reduced to pole. Terms; g/t = grams / tonne, m = metres, Au =
gold
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/247208_31c8b063a4e53975_003full.jpg
Figure 3: NE-SW Section 553305E (A-A' on Figure 2) through the Machichie NE target showing the
location of RC drill hole RC520 which
cut 22m @ 15.9 g/t gold
including
12m @ 27.7g/t gold
including
5m @ 65.5 g/t gold
as well as other previous drill results. Note that the mineralized zone
remains open in all directions and at depth. Terms; g/t = grams / tonne, m = metres, ppm = parts per
million or grams / tonne, Au = gold
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/247208_31c8b063a4e53975_004full.jpg
Figure 4: NW-SE Long section (B-B' on Figure 2) along strike of Machichie NE mineralized zone
showing the location of high-grade drill results including RC drill hole RC520 which cut
12m @ 27.7g/t
gold
including
5m @ 65.5 g/t gold
as well as other previous drill results. Note that the mineralized
zone remains open in all directions and at depth. Terms; g/t = grams / tonne, m = metres, ppm = parts
per million or grams / tonne, Au = gold
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/247208_31c8b063a4e53975_005full.jpg
Drill
Weathering
From
To
Thickness
Grade
Hole #
(m)
(m)
(m)
g/t gold
RC0510
0.0
52.0
N.S.V.
EOH
52.0
RC0512
Blanket
1.0
15.0
14.0
0.41
Saprolite
incl.
11.0
15.0
4.0
1.17
42.0
46.0
4.0
0.85
EOH
63.0
RC0514
1.0
10.0
9.0
0.11
Blanket
38.0
40.0
2.0
4.61
Saprolite
47.0
50.0
3.0
0.38
EOH
51.0
RC0516
Blanket
6.0
18.0
12.0
0.14
Fresh Rock
55.0
57.0
2.0
0.44
EOH
44.0
RC0518
Blanket
3.0
17.0
14.0
0.15
Saprolite
35.0
46.0
11.0
0.69
EOH
64.0
RC0520
Saprolite
42.0
64.0
22.0
15.90
incl.
42.0
54.0
12.0
27.73
incl.
49.0
54.0
5.0
65.48
Fresh Rock
70.0
73.0
3.0
0.39
EOH
73.0
RC0522
Blanket
1.0
10.0
9.0
0.35
EOH
58.0
Table 1: Drill results from RC drill holes RC510, RC512, RC514, RC0516, RC0518, RC520 and
RC522 at Machichie NE.
Terms; g/t = grams per tonne, m = metres, N.S.V. = no significant values, EOH = end of hole in metres
Cabral is currently drilling with two RC rigs and exploring several targets in the district, including Jerimum
Cima, Central SE, and Pau da Merenda. Cabral is also concurrently updating the Machichie - Machichie
NE resource model, including the area around the latest drilling presented herein. Additional follow-up
drilling at Machichie NE is planned.
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 main gold deposits have so far been defined at the Cuiú Cuiú project which contains
National Instrument 43-101 compliant Indicated resources of 21.6Mt @ 0.87 g/t gold (604,000 oz) and
Inferred resources of 19.8Mt @ 0.84 g/t gold (534,500 oz) as per the 43-101 technical report dated
October 12, 2022.
The Tapajós Gold Province is the site of the largest gold rush in Brazil's history which according to the
ANM (Agência Nacional de Mineração or National Mining Agency of Brazil) produced 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
Technical information included in this release was supervised and approved by Brian Arkell, B.S.
Geology and M.S. Economic Geology, SME (Registered Member), AusIMM (Fellow) and SEG
(Fellow), Cabral Gold's Vice President, Exploration and Technical Services, and a Qualified Person
under NI 43-101.
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. 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/247208