Cabral Gold Drills 5.3m @ 27.6 g/t Gold Within the Machichie Main Zone, Cuiú Cuiú Gold District, Announces $2M Financing

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[{"type":"text","content":"Cabral Gold Drills 5.3m @ 27.6 g/t Gold Within the Machichie Main Zone, Cuiú Cuiú Gold District, Announces $2M FinancingVancouver, British Columbia--(Newsfile Corp. - October 24, 2022) - Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) (\"Cabral\" or the \"Company\") is pleased to provide assay results from eight diamond-drill holes testing the Machichie Main zone within the Cuiú Cuiú gold district. The discoveries at the Machichie Complex were not included in the recent mineral resource estimate (see press release dated September 30, 2022).Highlights are as follows:DDH310 returned the following intervals in fresh altered intrusive basement; 10.3m @ 3.0 g/t gold from 63.5m including 1.0m @ 27.6 g/t gold5.3m @ 27.6 g/t gold from 87.1m including 0.5m @ 288.1 g/t gold4.8m @ 1.6 g/t gold from 125.2m DDH312 returned 7.6m @ 4.7 g/t gold from 88.6m in fresh altered intrusive basement, including 1.0m @ 31.2 g/t goldDDH316 returned 4.6m @ 2.0 g/t gold from 110.4m and 0.8m @ 34.6 g/t gold from 133.2m DDH317 returned 0.5m @ 14.9 g/t gold from 100.5m and 0.6m @ 23.4 g/t gold from 176.2m. All of these occurred in n fresh altered intrusive basementThese diamond-drill results from the Machichie Main zone provide further evidence of the continuity of the mineralized zone at depth and indicate that it also contains a significant amount of high-grade gold mineralization Alan Carter, Cabral's President and CEO commented, \"The Machichie Main zone is part of the Machichie complex, which includes the Machichie Main zone, Machichie NE, Machichie SW and Machichie West targets. None of these targets were included in the recent updated mineral resource estimate. These additional drill results from the eastern part of the Machichie Main zone provide further proof of the presence of a significant mineralized zone with a high-grade component, which is open down-dip on every section and also along strike. These results build on other recent excellent drill results from the Machichie Main zone as the company works towards a maiden resource estimate for these targets.\" Machichie Main Zone Drill ResultsThe Machichie target is located 500m north-west of the MG gold deposit (Figure 1). Previous drilling at the Machichie Main zone identified a persistent mineralized zone which is east-trending and dips steeply to the north. This main ...

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