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Cabral Files Amended National Instrument 43-101 Technical Report on SEDAR
Vancouver, British Columbia--(Newsfile Corp. - December 24, 2018) - Cabral Gold Inc. (TSXV: C...
About this update from Cabral Gold, Inc.
[{"type":"text","content":"Cabral Files Amended National Instrument 43-101 Technical Report on SEDARVancouver, British Columbia--(Newsfile Corp. - December 24, 2018) - Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) (\"Cabral\" or the \"Company\") announces that it has filed an amended technical report on SEDAR. The report entitled \"Technical Report On The Cuiú Cuiú Project, Mineral Resource Estimate, Pará State, North-Central Brazil\" and dated December 19, 2018 supersedes the report dated \"July 23, 2018\" that was previously filed on SEDAR. The amended report was prepared by Micon International Ltd. in order to comply with National Instrument 43-101 and does not contain any material changes to the mineral resource estimate from the previously filed report. The new report does however clarify certain details, principally the removal of disclosure of a version of the resource estimate prepared with uncapped grades shown in comparison to an uncapped historical estimate for the property, the removal of all comparisons to the historical resource estimate and the removal of summaries and discussions of global, unconstrained mineral resources, some of which may not have a reasonable expectation of economic extraction. It is made clear that all of the field work, performed in support of the mineral resource estimate disclosed in this report, was carried out by the previous owners of the property, Magellan Minerals Ltd. Further, certain figures were added to the Mineral Resource chapter and clarification was provided of the cut-off grade determination for the mineral resource estimate.Clarification of Information in Previous News ReleaseOn November 29, 2018, the Company announced the closing of its recent private placement which included participation by Dundee Corporation. To clarify, Dundee Corporation and its affiliates on closing of the offering owned and controlled approximately 19.03% of the issued and outstanding common shares of the Company on an undiluted basis. There will be no further closings of the non-brokered private placement financing that was initially announced on October 25, 2018.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 owns the Cuiú Cuiú gold p...