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Cabral Gold Announces Auger Drilling Results from Cuiu Cuiu suggesting Central Mineralized Corridor may extend over 4km
Vancouver, British Columbia--(Newsfile Corp. - July 5, 2018) - Cabral Gold Inc. (TSXV: CBR)...
About this update from Cabral Gold, Inc.
[{"type":"text","content":"Cabral Gold Announces Auger Drilling Results from Cuiu Cuiu suggesting Central Mineralized Corridor may extend over 4kmVancouver, British Columbia--(Newsfile Corp. - July 5, 2018) - Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) (\"Cabral\" or the \"Company\") announces the initial results of an ongoing auger drilling program sampling saprolite within the Central — Pau de Merenda target corridor at the Cuiú Cuiú Project, Pará State, northern Brazil.Highlights Recent saprolite (weathered bedrock) sampling by auger drilling and pitting beneath deep cover in the Central - Pau de Merenda target corridor returned highly anomalous results in both gold counts and geochemical analyses Individual top-of-saprolite samples returned peak values of 18.7 g/t Au. Gold counts in places exceeded 100 per sample These results define a mineralized corridor extending for a minimum of 4km in a NW-SE direction (open along strike). The Central deposit, which contains 485,000oz (5.9MMt @ 0.9g/t Au + Inferred resources of 8.7MMt @ 1.1g/t Au), currently occupies the southeastern 1.2km of this 4km long anomalyBackgroundThe Cuiú Cuiú Project hosts the largest of the historical alluvial gold camps in the Tapajós region of northern Brazil, having yielded an estimated 2MMoz of gold from the overall 20-30MMoz gold produced during the Tapajós gold rush1. Alluvial workings extend over 850ha on the property but are largely exhausted. The few remaining artisanal workers now process palaeo-valley placer deposits and in places exploit high-grade saprolite mineralization. The Company's current program is designed to evaluate newly identified prospects, to prioritize drill targets and to build upon the existing resource inventory2.The Pau de Merenda — Central corridor is a NW-trending belt which parallels the trend of the Tocantinzinho Lineament, a major regional structure aligned with deposits such as Eldoraldo Gold Corporation's Tocantinzinho deposit and Serabi Gold plc's Palito underground mine. Cabral Gold's Central Deposit lies along this trend and is principally characterized by a stockwork vein system with wide-spread alteration extending 1.2km along strike and approximately 100m in width. The Central deposit currently contains 485,000oz or Indicated Resources of 5.9MMt @ 0.9g/t Au + Inferred Resources of 8.7MMt @...