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Cabral cuts 3.4m @ 36.9 g/t gold in Machichie Drilling and Announces the Discovery of a New High-grade Zone at the Cuiú Cuiú Project, Brazil
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2019) - Cabral Gold Inc. (TSXV: C...
About this update from Cabral Gold, Inc.
[{"type":"text","content":"Cabral cuts 3.4m @ 36.9 g/t gold in Machichie Drilling and Announces the Discovery of a New High-grade Zone at the Cuiú Cuiú Project, BrazilVancouver, British Columbia--(Newsfile Corp. - February 28, 2019) - Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) (\"Cabral\" or the \"Company\") commenced its inaugural diamond drill program this January, and is very pleased to announce the discovery of a new high-grade gold system following the initial six reconnaissance diamond drill holes at the Machichie target at the Cuiú Cuiú Project, Pará State, northern Brazil. The Machichie target has never been previously drill tested. This Machichie Phase I reconnaissance diamond-drill program is part of a larger 20-hole reconnaissance program designed to test nine separate high-grade gold targets.Highlights Drill hole CC182-19 targeted a NE-trending structure, coincident with a NE-trending magnetic low, and returned 3.4m @ 36.9 g/t gold including 0.7m @ 162.7 g/t gold. The structure remains open along strike and at depthDrill hole CC178-19 returned 2.1m @ 15.3 g/t gold within the main E-W trending Machichie magnetic low target which is also previously undrilled. A shallower hole CC177-19 drilled along the same section returned 3.1m @ 7.3 g/t gold including 0.6m @ 24.7 g/t gold. These results confirm vertical continuity of high-grade mineralization from surface to 80m. The zone remains open at depth and along strikeDrill hole CC179-19 tested the main E-W target and returned 0.5m @ 20.2 g/t gold and was drilled 175m west of CC177-19 and CC178-19Drill hole CC181-19 tested the main E-W target, 275m west of CC177-19 and returned 0.6m @ 10.0 g/t gold. Wider zones of lower grade mineralization are associated with and enclose the high-grade E-W trending intervalsMachichie Drill ResultsThe Machichie target is located just 500m north of the MG deposit. MG is currently the second largest gold deposit known at Cuiú Cuiú, with an Inferred Resource of 8.6MMt @ 1.45 g/t gold (0.4MMoz of gold) [1].Machichie was selected as a priority target for drill testing following the identification of high-grade gold mineralization from shallow artisanal shafts in mid-2018 (see press release dated July 19, 2018). A composite grab sample returned 336 g/t Au from a 1m wide quartz-pyrite vein in the principal shaft in the area. Results from...