Cabral Commences Pre-Feasibility Study on Trial Mining of Near- Surface Gold-in-Oxide Material at Cuiú Cuiú Gold Project, Brazil

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[{"type":"text","content":"Cabral Commences Pre-Feasibility Study on Trial Mining of Near- Surface Gold-in-Oxide Material at Cuiú Cuiú Gold Project, BrazilVancouver, British Columbia--(Newsfile Corp. - April 5, 2023) - Cabral Gold Inc. (TSXV: CBR) (OTC PINK: CBGZF) (\"Cabral\" or the \"Company\") is pleased to announce that its Brazilian subsidiary has engaged Ausenco do Brasil Engenharia Ltda. (\"Ausenco\") to commence work on a Pre-Feasibility study on trial mining and heap leach processing of the near-surface gold-in-oxide saprolitic material at the Cuiú Cuiú project in northern Brazil.Following the completion of several months of internal scoping work by Cabral on the possibility of developing a trial mining operation and heap leach recovery circuit on the near-surface free digging gold-in oxide saprolitic material, the Company's subsidiary in Brazil has contracted Ausenco to commence work on a Pre-Feasibility Study.The Pre-Feasibility study will be NI 43-101 compliant and will include mineral processing, mechanical, electrical and infrastructure design, hyrdogeological and geotechnical studies and a detailed financial analysis. The work will be divided into five separate packages of work which will be completed successively, progress will be dependent on ongoing results.Additional metallurgical tests, drilling, geotechnical and hydrogeological studies, a LIDAR topographical program, and mine planning studies are expected to be conducted in parallel with the Pre-Feasibility Study which is expected to be completed during Q4 2023. Alan Carter, Cabral's President and CEO commented, \"The closing of the recent private placement financing has allowed Cabral to commence the Pre-Feasibility Study regarding trial mining and heap leach processing of the near-surface oxide material at Cuiú Cuiú. This is a major milestone in the development of the Company and builds on extensive internal work undertaken over the past six months. It is aimed at exploiting the extensive free digging saprolite resource which sits above the much larger hard rock gold resources at Cuiú Cuiú. Ultimately, the objective is to eliminate the dependency on expensive and dilutive private placement financings in order to fund further exploration and drilling within the Cuiú Cuiú district aimed at expanding the current resource base....

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