Cabral Announces Two New Discoveries at Cuiú Cuiú and Surface Gold Values of 5.5 to 162.4 g/t at Morro da Lua, Brazil

About this update from Cabral Gold, Inc.

[{"type":"text","content":"Cabral Announces Two New Discoveries at Cuiú Cuiú and Surface Gold Values of 5.5 to 162.4 g/t at Morro da Lua, BrazilVancouver, British Columbia--(Newsfile Corp. - June 19, 2018) - Cabral Gold Inc. (TSXV: CBR) (\"Cabral\" or the \"Company\") is pleased to announce initial sampling results from two new discoveries, Jerimum North and Jerimum East, along with further results of surface rock sampling at the Morro da Lua and Jerimum Cima targets, Cuiú Cuiú Project, Pará State, Brazil.Highlights include :-Seven grab samples returned assay results ranging from 5.5 to 162.4 g/t Au from stockpiles from separate shafts on vein showings discovered earlier this year at the Morro da LuaChannel samples extend the Jerimum Cima target: including 12.4m @ 1.9 g/t Au, 1.7m @ 15.7 g/t Au and 8m @ 1.1 g/t Au. These are located up to 200m west of historic drilling and significantly extend the strike extent of the Jerimum Cima structure. All intervals are open in terms of width, and the zone remains open on strikeA new target, Jerimum North was recently discovered 500m north of Jerimum Cima. Initial rock grab samples returned 52.1 g/t, 13.0 g/t, and 10.0 g/t AuAnother new target, Jerimum East, has been discovered 800m ENE of Jerimum Cima. It returned a value of 152.6 g/t Au from a single grab sampleBackground The Cuiú Cuiú Project is located in the Tapajós Province of northern Brazil, the site of the world's largest gold rush and Brazil's largest placer-gold belt, having produced an estimated 20-30Moz gold. Cuiú Cuiú was the largest historic placer camp in the Tapajos region, and has been cited by the government as having produced an estimated 2Moz of gold from streams and alluvial workings covering approximately 850ha, essentially bisecting the property. With the alluvial stream deposits largely exhausted, the few remaining artisanal workers are now targeting buried alluvial deposits and are also exploiting saprolite bedrock mineralization.Previous work on the project was very successful in identifying sources for several of the alluvial workings establishing Indicated resources of 5.9MMt @ 0.9 g/t Au (for 0.2Moz) and Inferred resources of 19.5MMt @ 1.2 g/t Au (for 0.8Moz)1 in four deposits. However, the source of many of the alluvial production areas has yet to be determined, and the bedrock to vario...

More updates from Cabral Gold, Inc.