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Cabral Gold Zeroes in on Source of Gold Nuggets at Cilmar Target and Provides Exploration Update at Cuiu Cuiu
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2020) - Cabral Gold Inc. (TSXV: CBR) ...
About this update from Cabral Gold, Inc.
[{"type":"text","content":"Cabral Gold Zeroes in on Source of Gold Nuggets at Cilmar Target and Provides Exploration Update at Cuiu CuiuVancouver, British Columbia--(Newsfile Corp. - July 23, 2020) - Cabral Gold Inc. (TSXV: CBR) (\"Cabral\" or the \"Company\") is pleased to announce the results from a series of surface rock and soil samples at the Cilmar target area and provide an exploration update of the Cuiú Cuiú gold project in Brazil. Numerous coarse nuggets have been recovered from drainages in the Cilmar area, which is located 7km NE of the MG gold deposit, and has never been previously explored or drill tested. HighlightsSurface sampling aimed at identifying the source of numerous coarse angular gold nuggets in streams, has identified a number of drill targets in the Cilmar areaQuartz-sulphide float boulders have been located in drainages 350m WSW of the Cilmar nugget field, wherein 13 float samples ranged from 1.4 to 12.3 g/t gold (averaging 4.5 g/t gold). This area is coincident with a major structural intersection evident in the regional magnetic data A significant gold-in-soil anomaly has also been outlined immediately south of the nugget field and extends over at least 1.8km in a NE directionThis work brings the number of new drill targets recently identified in the eastern part of the Cuiú Cuiú project area to three. Eight other targets outside the existing resource base already have high-grade drill intercepts including 3.4m @ 36.9 g/t, 2.8m @ 19.5 g/t, 27m @ 6.9 g/t and 39m @ 5.1 g/t goldReconnaissance RC drilling is expected to commence during early AugustAlan Carter, President & CEO stated \"the identification of the potential source of coarse gold nuggets recently recovered from streams in the Cilmar area has not been straightforward due to the presence of thick post-mineral cover. However, recent sampling has resulted in a number of good gold values in surface rock samples, which has consequently narrowed the search down to the point where we now have drill targets at Cilmar. The eastern part of the project area is turning out to be very prolific in terms of new high-grade targets and continues to support our belief that Cuiú Cuiú is an emerging district which contains multiple gold deposits. We look forward to the commencement of RC drilling on this target and other recently identified high grade targ...