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Cabral Gold Drills 28m @ 1.2 g/t Gold in Near-Surface Oxidized Material at Central Gold Deposit, Cuiú Cuiú Gold District, Brazil
Vancouver, British Columbia--(Newsfile Corp. - December 14, 2023) - Cabral Gold Inc. (TSXV:...
About this update from Cabral Gold, Inc.
[{"type":"text","content":"Cabral Gold Drills 28m @ 1.2 g/t Gold in Near-Surface Oxidized Material at Central Gold Deposit, Cuiú Cuiú Gold District, BrazilVancouver, British Columbia--(Newsfile Corp. - December 14, 2023) - Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) (\"Cabral\" or the \"Company\") is pleased to announce drill results from an additional ten RC holes from the Central gold deposit that are 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.HighlightsNotable drill intercepts from the ten RC holes delineating the Central gold-in oxide blanket and basement saprolite include RC365 which returned 28m @ 1.2 g/t gold from 29m depth in saprolite, including 2m @ 6.5 g/t goldRC367 returned 35m @ 0.8 g/t gold from 35m depth in saprolite including 10m @ 1.1 g/t goldRC366 was drilled on the same section as RC367 and returned 30m @ 0.6 g/t gold from 21m depth in saprolite including 8m @ 1.4 g/t gold, and intersected 8m @ 1.7 g/t gold from 56mRC359 returned 7m @ 2.3 g/t gold from 32m depth in saprolite including 1m @ 12.8 g/t goldAlan Carter, Cabral's President and CEO commented, \"These drill results from the near-surface gold-in-oxide blanket and saprolite material at the Central gold deposit further demonstrate the presence and continuity of higher-grade material located near surface. These results continue to bode well for the optimization of the resource model of the known gold-in-oxide resources at Cuiú Cuiú during the coming months.\"Central RC Drill Results The Central gold deposit is one of the two main gold deposits identified to date at Cuiú Cuiú. As with the nearby MG gold deposit, the upper portion of the Central gold deposit is extensively weathered resulting in a vertical profile of approximately 60m on average of highly weathered basement saprolite. The weathered mineralized basement saprolite is overlain by mud, soil and colluvium material which forms a blanket. All of the blanket material contains gold and is derived from the chemical and physical weathering the underlying saprolite basement gold mineralization. Whilst, the bulk of the gold resources at Central are contained within the underlying primary (un-weathered) basement material (see the NI 43-101 report dated effective J...