Cabral Gold Drills 11.9m @ 3.3 g/t Gold Including 1.2m @ 16.0 g/t Gold in 120m Step-Out at PDM Target, Cuiú Cuiú Gold District

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[{"type":"text","content":"Cabral Gold Drills 11.9m @ 3.3 g/t Gold Including 1.2m @ 16.0 g/t Gold in 120m Step-Out at PDM Target, Cuiú Cuiú Gold DistrictVancouver, British Columbia--(Newsfile Corp. - January 12, 2022) -  Cabral Gold Inc. (TSXV: CBR) (OTC PINK: CBGZF) (\"Cabral\" or the \"Company\")  is pleased to provide assay results from the first step-out diamond-drill hole testing the PDM basement target beneath the recently identified gold-in-oxide blanket, as well as results on two RC drill holes from the MG target within the Cuiú Cuiú gold district in northern Brazil.Highlights are as follows:A step-out diamond drill hole at the PDM target, DDH239, intersected basement mineralization at the PDM target, and returned 11.9m @ 3.3 g/t gold from 112.6m depth downholeincluding 0.5m @ 16.1 g/t gold and 1.2m @ 16.0 g/t gold DDH239 is the first step-out hole testing the new basement PDM zone, and is located 120m to the NW of DDH238. DDH238 previously returned 22.4m @ 4.8 g/t gold from 114.1m depth downhole, including 1.35m @ 62.0 g/t gold, and 1.3m @ 9.5 g/t gold The results from DDH239 and DDH238 indicate that the new basement mineralized zone at PDM continues for at least 200m along strike. This zone remains open on strike and both up and down dip Results on two RC holes from MG were also received. RC262 indicates the presence of gold-in-oxide mineralization over 100m east of the current eastern limit of the gold-in-oxide blanket Alan Carter, Cabral's President and CEO commented, \"The results from DDH239 confirm the presence of a significant zone of primary gold mineralization in the granitic rocks directly beneath the gold-in-oxide blanket at PDM. These results come soon after the results from DDH238 located 120m to the SE, which returned 22.4m @ 4.8 g.t gold and indicate continuity of the mineralized zone along strike. On the basis of these results, we have taken the decision to expand the diamond drill program at the PDM target and we look forward to further drill results from this exciting new mineralized zone at Cuiú Cuiú. In addition, the presence of gold-in-oxide mineralization over 100m east of the current eastern limit of the gold-in-oxide blanket at MG, opens up the possibility of significant additional oxide mineralization further to the east than previously thought\".PDM Diamond Drill Res...

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