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Cabral Gold Drills 70.8m @ 1.0 g/t Gold at MG Gold-in-Oxide Blanket and Identifies New Gold Anomaly North of Alonso at Cuiú Cuiú Gold District, Brazil
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2021) - Cabral Gold Inc.  (...
About this update from Cabral Gold, Inc.
[{"type":"text","content":"Cabral Gold Drills 70.8m @ 1.0 g/t Gold at MG Gold-in-Oxide Blanket and Identifies New Gold Anomaly North of Alonso at Cuiú Cuiú Gold District, BrazilVancouver, British Columbia--(Newsfile Corp. - December 9, 2021) - Cabral Gold Inc. (TSXV: CBR) (OTC: CBGZF) (\"Cabral\" or the \"Company\") is pleased to provide assay results from five diamond-drill holes completed at the MG gold-in-oxide blanket, and also results from reconnaissance drilling at the Alonso target within the Cuiú Cuiú gold district in northern Brazil. Highlights are as follows:Reconnaissance stream-sediment sampling has identified a new gold anomaly in streams 750m NE of the Alonso target and 3.4km ESE of the MG gold depositThe new anomaly has been named Escondido and is very similar to the geochemical and magnetic anomaly which define the MG gold deposit. Five recently completed reconnaissance drill holes at the Alonso target did not intercept any significant gold values of interest, suggesting that the primary source of the boulders is farther afield than previously anticipated, possibly the Escondido areaDiamond-drill hole MET04 drilled for metallurgical testing at the gold-in-oxide blanket at MG returned 70.8m @ 1.0 g/t gold from surface, including 17.0m @ 3.3 g/t gold from 41.0m depth. Similarly, diamond-drill hole MET05 returned 43.6m @ 1.4g/t gold from surfaceDiamond-drill hole MET03 also completed at the gold-in-oxide blanket at MG returned 54.0m @ 0.7 g/t gold from surface, including 21.8m @ 1.4 g/t gold, and diamond-drill hole MET02 returned 13m @ 0.9 g/t gold from surface and 21.7m @ 0.8 g/t gold from 32.2m depthAlan Carter, Cabral's President and CEO commented, \"We are extremely pleased with the assay results received on the five metallurgical test diamond drill holes recently completed at the MG gold-in-oxide blanket and look forward to receiving the results of the metallurgical test work during the first quarter of 2022, which will be key to understanding the economic viability of the blanket mineralization. The diamond drill results from the Alonso target suggest that the high-grade boulders that we see on surface at Alonso are not derived from the immediate vicinity and may have been eroded from a source that is located further away than we previously anticipated. The identification of a major gold anomaly in streams ...