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Cabral Gold Identifies New High-Grade Veins and Adds Second Drill Rig at Cuiú Cuiú Gold District
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2020) - Cabral Gold Inc. (TSXV...
About this update from Cabral Gold, Inc.
[{"type":"text","content":"Cabral Gold Identifies New High-Grade Veins and Adds Second Drill Rig at Cuiú Cuiú Gold DistrictVancouver, British Columbia--(Newsfile Corp. - September 24, 2020) - Cabral Gold Inc. (TSXV: CBR) (OTC: CBGZF) (\"Cabral\" or the \"Company\") is pleased to announce the identification of at least six new NE trending high-grade veins in the Machichie SW area located immediately north of the MG deposit, at the Cuiú Cuiú gold district in northern Brazil. Highlights are as follows:Six new NE trending high-grade vein structures have been identified in the Machichie SW area as a result of recent mapping between the MG deposit and the Machichie target which was drilled during 2019Drilling in this area of the Cuiú Cuiú district returned 3.4m @ 36.9 g/t gold during 2019. Previously it was not known if this zone was the western faulted offset of the Machichie structure or a separate discrete mineralized structure. It is now clear that this drill intercept represents a separate mineralized vein structure which has been named Machichie SWFive other NE trending veins which are parallel to Machichie SW have now been mapped. These include Filão de Amor immediately to the west, and Zezinho, Hamilton Novo, Maranhão W and Maranhão E to the east. Grab samples from the Maranhão W and Maranhão E veins recently returned 21.4 g/t gold and 15.3 g/t gold, respectivelyPreviously, trenching of the Hamilton Novo vein returned 5.8m @ 16.0 g/t gold on surface and 3.0m @ 7.4 g/t gold in a single historic drill hole, with the intercept open along strike and down-dipIn order to test the increasing number of high-grade targets identified at Cuiú Cuiú, the Company has signed a contract with a third-party independent drilling contractor to add a second RC drill rig on siteAlan Carter, Cabral's CEO commented, \"The identification of several new high-grade vein structures in the area between the MG gold deposit and the Machichie target is a truly exciting development and adds to the potential of this particular part of the Cuiú Cuiú district. Until now, we were not certain if the high-grade intercept of 3.4m @ 36.9 g/t gold which we drilled in 2019, was a faulted offset of the Machichie zone, but it now appears that it is a separate vein structure which is part of a vein array of at least six para...