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Cabral identifies several new high-grade gold vein targets at the Cuiu Cuiu Project, Brazil with values up to 264 g/t gold from surface sampling
Vancouver, British Columbia--(Newsfile Corp. - March 21, 2018) - Cabral Gold Inc. (TSXV: CBR)...
About this update from Cabral Gold, Inc.
[{"type":"text","content":"Cabral identifies several new high-grade gold vein targets at the Cuiu Cuiu Project, Brazil with values up to 264 g/t gold from surface samplingVancouver, British Columbia--(Newsfile Corp. - March 21, 2018) - Cabral Gold Inc. (TSXV: CBR) (\"Cabral\" or the \"Company\") is pleased to announce the identification of several new high-grade gold targets from its initial campaign of work on the Cuiú Cuiú Project, located in the state of Pará, in northern Brazil.Drilling by a previous operator focused on bulk-tonnage, stockwork, low-grade targets and identified historic Indicated resources of 3.4Mt @ 1.0g/t gold (for 0.1Moz) and Inferred resources of 31Mt @ 1.2g/t gold (for 1.2Moz) in the Central and Moreira Gomes deposits (Figure 1). An updated resource estimate on those deposits and others is currently underway incorporating drilling done subsequent to that 2011 estimate.The initial 2018 campaign of work involves trenching, mapping, auger sampling, soil sampling, and rock sampling in areas of recent and abandoned artisanal workings. Initial rock assay results have now been received from three new high-grade vein targets, and the Jerimum de Cima artisanal showing, which has received one campaign of drilling but for which controls on high-grade mineralization were poorly understood (Figure 1). All of these targets are associated with E-W trending structures, which splay off the main Tocantanzinho Lineament, an important regional structure along which the Palito and Tocantanzinho gold deposits are found to the south-west.Highlights include:Select results from reconnaissance rock sampling on new targets include:264.0 g/t from the Germano target.80.1 g/t from the Vila Rica target 17.7 g/t from the Belisca Lua targetInitial channel sampling returned:0.5m @ 43.3g/t at the Vila Rica target5m @ 3.16g/t at the Jerimum de Cima targetGermano targetThe Germano target is located 1.75km NNW of the Moreira Gomes deposit (14Mt @ 1.5g/t gold Inferred) and has never been previously drill tested. Placer gold has been mined from a stream at this location and a single grab sample recently collected from previously mined quartz vein material returned 264g/t gold. The orientation, width and strike extent of the mineralized structure at Germano are currently unknown, being concealed by rejects and soil cover. The area is being cleaned to asses...