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Cabral Gold Drills 23m @ 1.1 g/t gold in Near-Surface Oxidized Material from the Machichie Gold Discovery, Cuiú Cuiú Gold District, Brazil
Vancouver, British Columbia--(Newsfile Corp. - January 25, 2024) - Cabral Gold Inc. (TSXV: CBR) ...
About this update from Cabral Gold, Inc.
[{"type":"text","content":"Cabral Gold Drills 23m @ 1.1 g/t gold in Near-Surface Oxidized Material from the Machichie Gold Discovery, Cuiú Cuiú Gold District, BrazilVancouver, British Columbia--(Newsfile Corp. - January 25, 2024) - Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) (\"Cabral\" or the \"Company\") is pleased to announce drill results from an initial nine RC holes testing the near-surface oxide material at the Machichie gold discovery, Cuiú Cuiú gold district in northern Brazil. These holes are part of a drill program to better define the gold-in-oxide mineralization at the Machichie target, which is located 500m northwest of the MG gold deposit, and could have an impact on the current plans for trial-mining of the oxide material.HighlightsRC399 returned 23m @ 1.1 g/t gold from surface in mineralized saprolite.RC402 returned 23m @ 0.5 g/t gold from surface in mineralized saprolite, including 1m @ 6.6 g/t gold from 9m downhole. The hole also intersected 7m @ 2.5 g/t gold from 30m downhole in mineralized saprolite. Hole RC403 drilled on the same section returned 13m @ 0.4 g/t gold from surface in mineralized saprolite.RC407 drilled returned 10m @ 0.6 g/t gold from surface in mineralized saprolite.Drill results are pending on an additional 13 RC holes from Central and nine shallow power-auger holes at MG as well as 12 RC holes from the Machichie target.Alan Carter, Cabral's President and CEO, commented, \"These initial RC drill results from the Machichie target at Cuiú Cuiú lend further credence to our belief that a significant zone of near surface gold-in-oxide mineralization overlies the Machichie gold discovery located just 500m northwest of the MG gold deposit. Neither the underlying hard-rock discovery or the weathered gold-in-oxide mineralized material at Machichie yet comprise a resource as both zones require additional drilling. However, this initial batch of RC drill results from Machichie suggests the presence of additional gold-in-oxide mineralization within close proximity to the existing MG gold deposit, which obviously has significant implications for the ongoing PFS aimed at trial mining and heap-leach processing of the near surface gold-in-oxide resources at Cuiú Cuiú.\"Machichie RC Drill Results The Machichie target is located 500m northwest of the MG gold deposit. Previous diamond...