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Cabral Gold Continues to Expand the Gold-in-Oxide Blanket at the MG Target, Cuiú Cuiú District, Brazil
Vancouver, British Columbia--(Newsfile Corp. - October 14, 2021) - Cabral Gold Inc. (TSX...
About this update from Cabral Gold, Inc.
[{"type":"text","content":"Cabral Gold Continues to Expand the Gold-in-Oxide Blanket at the MG Target, Cuiú Cuiú District, BrazilVancouver, British Columbia--(Newsfile Corp. - October 14, 2021) - Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) (\"Cabral\" or the \"Company\") is pleased to provide assay results from an additional 17 RC holes at the MG gold-in-oxide blanket at the Cuiú Cuiú gold district in northern Brazil.Highlights are as follows:Results have been received from 17 additional RC drill holes which were designed to test the extent and continuity of the MG gold-in-oxide blanket which overlies the primary MG gold deposit. Based on these results, the surface area of the blanket has been expanded by at least 20%, to a total of 24 hectaresSignificant results on several sections through the blanket include 66m @ 0.7 g/t gold, 24m @ 0.8 g/t gold, 23m @ 0.6 g/t gold, and 12m @ 0.8 g/t gold. The most easterly hole drilled to date (RC160) returned 23m @ 0.6 g/t gold and the gold-in-oxide blanket mineralization remains open in almost every directionRC161 also returned 17m @ 1.0 g/t gold including 1m @ 7.5 g/t gold in the underlying primary MG gold deposit. As a result of these encouraging results the drill program at the MG gold-in-oxide blanket has been expanded from the initial 74-hole program to a total of 86 planned holes of which eight will be diamond drill holesAlan Carter, Cabral's President and CEO commented, \"Our RC drilling program at the MG gold-in-oxide blanket continues to surprise us by delivering results which suggest the gold-in-oxide blanket in unconsolidated material above the MG gold deposit at Cuiú Cuiú, is larger than we previously anticipated. The recent drilling has expanded the surface footprint of the gold mineralization in this blanket by 20% to 24 hectares and it is still open in almost every direction. These results continue to suggest the presence of a significant deposit in unconsolidated material which has resulted from the partial erosion of the underlying hard-rock MG gold deposit. With five drill rigs currently turning on site and an aggressive 30,000 meter drill program planned at Cuiú Cuiú for the coming months, we look forward to additional drill results from both the MG and Central gold deposits and a number of the other 43 mainly high-grade targets that occur outsi...