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Cabral Gold Provides Update on Prefeasibility Study Regarding Exploitation of Near-Surface Gold-in-Oxide Mineralization at Cuiú Cuiú Gold Project, Brazil
Vancouver, British Columbia--(Newsfile Corp. - November 23, 2023) -  Cabral Gold Inc.  ...
About this update from Cabral Gold, Inc.
[{"type":"text","content":"Cabral Gold Provides Update on Prefeasibility Study Regarding Exploitation of Near-Surface Gold-in-Oxide Mineralization at Cuiú Cuiú Gold Project, BrazilVancouver, British Columbia--(Newsfile Corp. - November 23, 2023) -  Cabral Gold Inc. (TSXV: CBR) (OTC PINK: CBGZF) (\"Cabral\" or the \"Company\") is pleased to provide an update of the ongoing trial-mining pre-feasibility study regarding exploitation of near-surface gold-in-oxide mineralization at both the Central and MG gold deposits within the Cuiú Cuiú gold district in northern Brazil.HighlightsThe RC drilling program at Cuiú Cuiú continues to make excellent progress with a total of 69 holes completed to date. Results are currently pending on 31 RC holes from Central, 12 RC holes and nine power auger holes from MG, and 12 RC holes from Machichie where previous drilling indicates the potential for a new zone of gold-in-oxide mineralizationDrilling results to date support the strategic direction of developing a high grade / high margin project based on the gold-in-oxide blanket above the primary sulphide-hosted orebody at Cuiú Cuiú. Early indications from the drilling point to the potential for an increase in high grade inventory, closer to the surfaceAdditional metallurgical test work including column-leach tests are planned to better understand the gold recoveries of both the high-grade and low-grade gold-in-oxide ore at Central and MG. Additional metallurgical samples are currently being collected Pronorte Geotecnica Ltda (\"Pronorte\") has been contracted to complete a program of geotechnical drilling at Cuiú Cuiú consisting of an initial 16 diamond-drill holes and 30 power-auger holes. The drill rig has arrived on site and drilling has commencedA LIDAR topographic survey was recently completed on site and will be used to accurately design the construction of the mine and associated infrastructure Dewick Brazil Inc. (\"Deswick\") has been contracted to complete a mine plan as part of the trial-mining pre-feasibility study (\"PFS\"). This work will be undertaken following the completion of both the current drill program and a revised resource estimate for the gold-in-oxide material Alan Carter, Cabral's President and CEO commented, \"The ongoing PFS at Cuiú Cuiú continues to make excellent prog...