Out Hole at the Machichie NE Target, Cuiú Cuiú Gold District, Brazil
Cabral Gold Drills 6m @ 13.3 g/t Gold in Step-
Out Hole at the Machichie NE Target, Cuiú
Cuiú Gold District, Brazil
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2024) -
Cabral Gold Inc. (TSXV: CBR) (OTC
Pink: CBGZF) ("Cabral" or the
"
Company
") is pleased to announce drill results from six additional
follow-up RC holes at the Machichie NE target, Cuiú Cuiú Gold District, Brazil where recent drilling
returned 11m @ 33 g/t gold.
Highlights
RC0449 returned
6m @ 13.3 g/t gold
from 79m depth in hard rock including
1m @ 77.5 g/t gold
from 79m depth. This hole is a step-out hole from RC421 which was previously reported and
intersected
11m @ 33.0 g/t gold
from including
4m @ 89.3 g/t gold
The high-grade intercept in RC0449 is believed to be the extension of the mineralized zone
intersected in RC0421. RC0449 was collared 50m east of RC0421. This mineralized zone
remains open in all directions and at depth
RC0451 returned
5m @ 2.2 g/t gold
from 19m depth in saprolite and also
16m @ 0.36 g/t gold
from surface in overlying blanket soils and sediments
RC0453 returned
30m @ 0.55 g/t gold
from 15m depth in blanket sediments and saprolite and
18m @ 0.33 g/t gold
from 51.0m depth in saprolite.
RC0450 returned
12m @ 0.61 g/t gold
from
1m depth and
3m @ 2.4 g/t gold
from 25.0m depth in saprolite, which along with RC0451 and
RC0453 indicates the presence of significant gold-in-oxide mineralization in the saprolite at
Machichie NE
Alan Carter, Cabral's President and CEO commented, "These follow up drill results are part of an
ongoing follow-up drill program at Machichie NE aimed at determining the continuity and extent of the
high-grade mineralized zone recently intersected in RC0421 which returned
11m @ 33.0 g/t gold
including 4m @ 89.3 g/t gold
. The results from RC0449 clearly indicate continuity of the high-grade
zone to the east and the zone remains open in all directions and at depth. These results also reveal
the presence of lower grade gold mineralization in near surface saprolite material at Machichie NE
particularly to the southeast. This again has positive implications regarding the potential for adding
near-surface oxide resources at Machichie NE. These latest results continue to suggest that we have
made a significant new gold discovery at Machichie NE within the Cuiú Cuiú Gold District. There is
excellent potential to add ounces to both the primary hard rock gold resources, as well as the gold-in-
oxide resource base.
It is highly encouraging that as we continue our drill program, which is primarily aimed at adding near-
surface oxide resources which could be amenable to trial mining and heap-leach processing, we are
also making exciting new discoveries in the primary granitic bedrock at Cuiú Cuiú. This continues to
add to the growing body of evidence suggesting that the global resource base within the Cuiú Cuiú
district should grow significantly in the future."
Machichie NE Drill Results
The Machichie NE target is one of at least three targets (Machichie West, Machichie Main and
Machichie NE) within the Machichie area which is located approximately 500m north of the E-W trending
MG gold deposit. (Figure 1). None of the Machichie targets currently have defined resources due to
insufficient drilling. However, mineralization at Machichie Main has been traced for 1.5km along strike in
an E-W direction and is open in all directions and at depth. Previous drill results at Machichie Main
include
34m @ 5.4 g/t, 6.4m @ 11.6 g/t and 45m @ 1.0 g/t gold.
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/3900/217639_a4903c9ef4228830_002full.jpg
Recent drilling at Machichie NE intersected a previously unknown zone of high-grade gold mineralization
within basement saprolite and fresh basement (see press release dated May 30, 2024) with RC0421
returning
11m @ 33.0 g/t gold
from 50m to 61m depth, including
4m @ 89.3 g/t gold
. The objective of
the current follow-up drill program at Machichie NE is to determine the orientation as well as establish
the lateral and vertical extent of this mineralized zone. Whilst the focus of the current drilling remains on
adding resources to the near surface gold-in-oxide inventory, the discovery of bonanza grades in primary
granitic material at Machichie NE clearly has significant positive implications for adding to the global
resource base at Cuiú Cuiú.
Drill hole RC449 was collared 50m to the east of RC0421 and drilled to the southwest and intersected
6m @ 13.3 g/t gold
from 79m depth in fresh basement rock including 1m @ 77.5 g/t gold from 79m
(Table 1, Figures 2 and 3). RC0449 ended in mineralization grading 0.5 g/t gold. This is interpreted to
be the same high-grade mineralized zone intersected in hole RC0421. Whilst the orientation of the zone
has not been confirmed and additional drilling is required, an interpretation of the magnetic data for this
area suggests that mineralization may have been focused at the intersection of NE and NW trending
structures.
Figure 2: Map showing Machichie NE target and location of both previous drill holes and current drill
holes with results reported here and previous significant drill results. Background is Total Magnetic
Intensity RTP. See Figures 3 and 4 for sections A-A' and B-B'. Terms; g/t = grams / tonne, m = metres,
Au = gold
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/217639_a4903c9ef4228830_003full.jpg
Figure 3: NE-SW Section through the Machichie NE target showing the location of hole RC0449
which cut
6m @ 13.3g/t gold including 1m @ 77.5 g/t gold
and previous drill results including
RC0421 which returned 11m @ 33g/t gold. 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/3900/217639_a4903c9ef4228830_004full.jpg
Three RC holes drilled to the SE of RC0449 all cut significant intervals of lower grade gold mineralization
in saprolite and/or blanket sediments, highlighting the potential for significant near-surface gold-in-oxide
mineralization at Machichie NE. Notable intercepts include
5m @ 2.2 g/t gold
from 19m depth in
saprolite and
16m @ 0.36 g/t gold
from surface in blanket soils and sediments in RC0451.
RC0453 also returned
30m @ 0.55 g/t gold
from 15m depth and
18m @ 0.33 g/t gold
from 51m depth
in saprolite (Figure 2 and Figure 4). In addition, RC0450 returned
12m @ 0.61 g/t gold
from 1m depth
and
3m @ 2.4 g/t gold
from 25m.
As with the zone of bonanza grade mineralization in the hard-rock at Machichie NE, the overlying gold-in-
oxide mineralization identified in the blanket sediments and underlying saprolite, remains open in all
directions.
Figure 4: N-S Section through the Machichie NE target showing the location of hole RC0453 which cut
30m @ 0.55g/t gold in weathered saprolite material. Results are pending on RC455 and RC456. 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/3900/217639_a4903c9ef4228830_005full.jpg
Brian Arkell, Cabral's Vice President Exploration and Technical Services commented: "RC0449
establishes good continuity of the high-grade zone from RC0421, some 50 metres down dip and
along strike. Two diamond drill holes are in progress now to test this zone further. In addition to this
high-grade structure, several other holes returned impressive results in the saprolite, as well as quartz
stockwork mineralization in the primary granitic bedrock. This mineralization is still open to the east
where we have completed a fence of drill holes and are expecting results shortly."
Table 1 summarizes the significant drill intercepts within the six holes reported in this press release.
Cabral is currently drilling at the Machichie NE target with a view to determining the extent of the new
mineralized zone which is beginning to emerge. Additional drill results from 6 RC holes and 2 diamond
drill are pending. Drilling has also commenced at the Central gold deposit aimed at upgrading Inferred
category resources in the saprolite to the Indicated category.
Drill Hole
Weathering
From
to
Width
Grade
#
m
m
m
g/t gold
RC0449
Rock
79.0
85.0
6.0
13.3
incl
79.0
80.0
1.0
77.5
EOH
85.0
RC0450
Blanket/Saprolite
1.0
13.0
12.0
0.61
Saprolite
25.0
28.0
3.0
2.4
35.0
36.0
1.0
0.67
EOH
43.0
RC0451
Blanket
0.0
16.0
16.0
0.36
Saprolite
19.0
24.0
5.0
2.2
33.0
36.0
3.0
0.27
EOH
85.0
RC0452
Saprolite
41.0
43.0
2.0
1.8
EOH
70.0
RC0453
Blanket/Saprolite
15.0
45.0
30.0
0.55
Saprolite/rock
51.0
69.0
18.0
0.33
Rock
74.0
75.0
1.0
0.43
79.0
80.0
1.0
0.47
EOH
82.0
RC0454
N.S.V.
EOH
52.0
Table 1: Drill results from RC drill holes RC449 to RC454 at the Machichie NE target.
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/217639