Business

Cabral Gold Drills Three New High-Grade Veins 300m North of MG Gold Deposit

Vancouver, British Columbia--(Newsfile Corp. - October 6, 2021) -  Cabral Gold Inc.&#xA0...

articleCabral Gold, Inc.October 6, 20215/company/cabral-gold-inc/news/cabral-gold-drills-three-new-high-grade-veins-300m-north-of-mg-gold-deposit
Cabral Gold Drills Three New High-Grade Veins 300m North of MG Gold Deposit

About this update from Cabral Gold, Inc.

[{"type":"text","content":"Cabral Gold Drills Three New High-Grade Veins 300m North of MG Gold DepositVancouver, British Columbia--(Newsfile Corp. - October 6, 2021) -  Cabral Gold Inc. (TSXV: CBR) (OTC: CBGZF) (\"Cabral\" or the \"Company\") is pleased to provide assay results from six follow-up RC holes recently drilled at the Machichie SW target located 300m north of the MG gold deposit and recent gold-in-oxide blanket discovery, and 180m south of the main Machichie zone within the Cuiú Cuiú gold district in northern Brazil.Highlights are as follows:Results have been received from six follow-up RC drill holes recently completed at the Machichie SW target where six high-grade veins were previously identified. Recent drilling has identified three new high-grade veins bringing the total number of mineralized structures at Machichie SW to nineSignificant results include 1m @ 18.5 g/t gold, 2m @ 3.5 g/t gold, 3m @ 2.8 g/t gold, and 1m @ 18.3 g/t gold. Recent drill results indicate down-dip continuity of grade in several of the high-grade veins at Machichie SW This new drilling was designed to follow-up limited previous drilling targeting several veins at Machichie SW that had returned high-grade gold values including; 3.4m @ 36.9 g/t gold, 3m @ 13.2 g/t gold, and 3.3m @ 7.4 g/t goldAlan Carter, Cabral's President and CEO commented, \"The recent drilling at the Machichie SW vein array has increased the number of known NE trending high-grade veins from six to nine and more importantly is demonstrating down-dip continuity of high gold grades. The Machichie SW target area is critically important because it is located midway between the MG gold deposit (300m to the south) and the recently identified E-W trending mineralized zone at Machichie 180m to the north. We look forward to the results of additional drilling on this target as we continue to outline the dimensions of the various veins at Machichie SW\"Machichie SW RC Drilling The Machichie SW target is located midway between the MG gold deposit (300m to the south) and the main E-W trending mineralized zone at Machichie 180m to the north (Figure 1).Figure 1: Map showing the location of the Machichie SW vein array relative to the MG and Central gold deposits and the MG and Pau de Merenda (PDM) gold-in-oxide blanket targets together with the distribution of historic placer gold wor...

More updates from Cabral Gold, Inc.