Source: Cabral Gold
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  • Cabral Gold (CBR) has received assay results from eight additional RC holes and three diamond drill holes at the primary MG gold deposit
  • Initial results from the first of five diamond drill holes completed for metallurgical testing returned higher than expected results
  • The RC drill holes also revealed higher than expected gold grades
  • Diamond drilling at MG is continuing with results pending on an additional nine diamond drill holes in the Central gold deposit
  • Cabral Gold is a junior resource exploration company focused on its gold properties in Brazil
  • Shares in Cabral Gold (CBR) are up 5.06 per cent, trading at $0.415 per share

Cabral Gold (CBR) has received assay results from eight additional RC holes and three diamond drill holes at the primary MG gold deposit.

Drilling also targeted the recently identified gold-in-oxide blanket within the Cuiú Cuiú gold district in northern Brazil.

Alan Carter, Cabral’s president and CEO, commented,

“The results that we are reporting today from the recent diamond drilling at MG suggest that historic drilling in the western part of the primary MG gold deposit failed to intercept the main mineralized zone.”

RC237 drilled at MG returned 2.2 g/t gold over 19.1 metres from 85 metres deep, including 7.0 metres at 4.5 g/t gold. The hole ended in mineralization and appears to represent the western extension of the main mineralized zone at the primary MG gold deposit.

Initial results from the first of five diamond-drill holes completed for metallurgical testing also returned higher than expected results from the central portion of the gold-in-oxide blanket.

“The new mineralized intercept in RC237 is very significant and could add ounces in the western part of the primary MG gold deposit,” said Mr. Carter. “Furthermore, the results from the initial metallurgical test hole within the overlying MG gold-in-oxide blanket suggest that the higher grade portions of the blanket may be even higher grade than we previously envisaged.”

Of the three diamond drill holes whose results were reported today, MET01 is one of five holes drilled to provide material from the gold-in-oxide blanket for metallurgical test work.

MET01 was drilled in the central-western portion of the gold-in-oxide blanket at MG. It returned higher-than-expected gold grades, with 30 metres containing 2.2 g/t gold from surface, including 8.2 metres at 6.6 g/t gold from 2.8 metres deep.

Two RC holes were drilled to test the western portion of MG. RC191 returned 7m @ 0.5 g/t gold in the footwall, while RC237 returned 19.1m @ 2.2 g/t gold from 85.0m depth.

This intercept is now interpreted to be the western extension of the main mineralized zone at the primary MG gold deposit and has significant implications for the continuation of the main mineralized zone further west.

Diamond drilling at MG is continuing with results pending on an additional nine diamond drill holes in the Central gold deposit.

Cabral Gold is a junior resource exploration company focused on its gold properties in Brazil.

Shares in Cabral Gold (CBR) are up 5.06 per cent, trading at $0.415 per share as of 2:44 pm EST.

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