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Cabral Gold Drills 60m at 3.5 g/t gold including 2.6m at 64.6 g/t gold in Oxide Blanket at the MG Gold Deposit, Cuiú Cuiú District, Brazil
Vancouver, British Columbia--(Newsfile Corp. - May 19, 2021) - Cabral Gold Inc.  (TSXV:...
About this update from Cabral Gold, Inc.
[{"type":"text","content":"Cabral Gold Drills 60m at 3.5 g/t gold including 2.6m at 64.6 g/t gold in Oxide Blanket at the MG Gold Deposit, Cuiú Cuiú District, BrazilVancouver, British Columbia--(Newsfile Corp. - May 19, 2021) - Cabral Gold Inc. (TSXV: CBR) (OTC: CBGZF) (\"Cabral\" or the \"Company\") is pleased to provide assay results from several recently completed diamond drill holes at the MG gold deposit, and several reconnaissance RC holes at the JM target within the Cuiú Cuiú gold district in northern Brazil.Highlights are as follows:DDH-214 drilled at MG returned 60m @ 3.5 g/t gold including 2.6m @ 64.6 g/t gold from surface, suggesting that parts of the recently identified mineralized blanket at MG are significantly thicker and higher grade than initially envisaged. This intercept represents the thickest and highest-grade mineralized intercept to date from the oxide gold blanket which overlies the underlying and sub-vertically dipping MG gold deposit DDH-214 also intersected 4.7m @ 3.7 g/t gold in basement from 72.1m depth including 2.2m @ 7.3 g/t gold from 74.6mThe high-grade intercept in the overlying oxide gold blanket from DDH-214 is interpreted to be the eroded equivalent of the MG basement gold mineralization, and lies above the high-grade zone previously intersected in DDH-199 which returned 16.9m @ 9.6 g/t gold in basement rocksDDH-212 and DDH213 were drilled on the same section as DDH-214 at MG 75m to the north and intersected 29.5m @ 0.5 g/t gold and 30m @ 0.5 g/t gold respectively from surface and within the unconformable oxide blanket Alan Carter, Cabral's President and CEO commented, \"These latest results from the diamond drilling at the MG deposit suggest that the recently identified mineralized oxide blanket which has resulted from weathering and overlies the MG deposit, contains much higher-grade zones than we previously envisaged and over thicker intervals. This gold mineralization occurs at or close to surface in free-digging material, much of which was assumed to be sterile in the last resource estimate completed in 2018. I said a few weeks ago that the identification of this oxide blanket could be a game changer, and these results support this view. We expect that it could significantly add to the MG resource and we are now considering the possibility of identifying other oxide gold bla...