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Cabral Gold Drills 20m @ 1.6 g/t and 15m @ 1.8 g/t Gold in Oxidized Material at the MG Gold Deposit, Cuiú Cuiú Gold Project, Brazil
Vancouver, British Columbia--(Newsfile Corp. - November 29, 2023) - Cabral Gold Inc. (TSXV: CBR)...
About this update from Cabral Gold, Inc.
[{"type":"text","content":"Cabral Gold Drills 20m @ 1.6 g/t and 15m @ 1.8 g/t Gold in Oxidized Material at the MG Gold Deposit, Cuiú Cuiú Gold Project, BrazilVancouver, British Columbia--(Newsfile Corp. - November 29, 2023) - Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) (\"Cabral\" or the \"Company\") is pleased to announce drill results from an additional 12 RC holes from the MG gold deposit, drilled as part of the ongoing drill program currently being conducted at both the Central and MG gold deposits within the Cuiú Cuiú gold district in northern Brazil.HighlightsAssay results have been received from an additional 12 RC holes drilled to refine the MG gold-in oxide blanket and basement saprolite wireframe model as a component of an ongoing trial-mining prefeasibility study being conducted by Ausenco Highlights include;RC375 returned 20m @ 1.6 g/t gold from surface including 9m @ 1.7 g/t gold from surface in the gold-in-oxide blanket and 11m @ 1.6 g/t gold from 9m downhole in basement saprolite RC376 returned 15m @ 1.8 g/t gold from 5m depth in basement saprolite including 2m @ 9.2 g/t gold from 11.0m depthDrilling is in progress at the Machichie target, located 500m north of MG, where previous drilling suggests the presence of a fourth gold-in-oxide blanket overlying a hard-rock deposit. Previous drilling and trenching traced the primary deposit 900m along strike and the deposit appears to be overlain by a gold-in-oxide blanket and saprolite to a maximum of 30m thicknessThe current drill program is ongoing. A total of 75 RC holes and nine shallow power-auger holes have been completed to date. Assay results are pending on nine power-auger holes drilled at MG, and 31 RC holes drilled at Central and 18 RC holes drilled at MachichieAlan Carter, Cabral's President and CEO, commented, \"These additional drill results from 12 RC holes recently completed at the MG gold deposit demonstrate two important points. Firstly, the results further expand the zone of higher grade +1.5g/t oxide mineralization in the weathered basement saprolite mineralization. Secondly, these results add further support to the fact that the overlying sub-horizontal blanket sediments contain widespread laterally continuous gold mineralization at grades which are remarkably consistent. These additional RC results have increased our confidence regarding the ne...