Cabral identifies stockwork-style mineralization under post-mineral cover at the Vila Rica Discovery, Cuiú Cuiú Project, Brazi

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[{"type":"text","content":"Cabral identifies stockwork-style mineralization under post-mineral cover at the Vila Rica Discovery, Cuiú Cuiú Project, BraziVancouver, British Columbia--(Newsfile Corp. - August 9, 2018) - Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) (\"Cabral\" or the \"Company\") is pleased to provide an update on its exploration activities at its Vila Rica discovery (Figures 1, 2, and 3) within the Cuiú Cuiú Project, Pará State, northern Brazil.HighlightsArtisanal workers continue to expand the existing pit where initial sampling returned 43.3g/t Au over 0.5m1 and have sunk two more pits nearby (Figures 2 and 3).Rock chip samples from an artisanal pit developed 90m east of the original pit at Vila Rica returned grades of 8.1 g/t and 16.8 g/t Au. Recently reprocessed magnetic data shows a magnetic low extending east of this position, suggesting an E-W structural control.Sampling of stockwork-style mineralization in the original pit, 30m south of the narrow high-grade intercept of 43.3g/t Au over 0.5m, returned 1.1g/t Au over 10 m. The interval remains open. Sampling of a third pit recently developed 250m to the south of the above pits returned rock chip samples up to 6.1g/t Au, while channels returned an interval of 7.9 g/t Au over 1.9m at the southern end of the pit. Mapping suggests this may be a parallel structure.The discovery of bedrock gold at Vila Rica was initially announced on March 21, 2018 (43.3g/t Au over 0.5m). This new undrilled target area was identified by Cabral's ongoing reconnaissance evaluation of the district's artisanal workings and prospective geophysical structures. Alluvial gold was historically exploited along the Vila Rica drainage system over a distance of ~1.5 km (Figures 1, 2 and 3), but no bedrock gold sources had previously been identified. With the placer mineralization in modern drainages becoming depleted, artisanal workers have begun to exploit buried paleo-placer deposits. Recently, while mining placer gold under a cover sequence, artisanal workers uncovered gold-bearing vein and stockwork-style mineralization within saprolite (highly weathered bedrock) in the Vila Rica area.Further studies identified this cover sequence as young, unconsolidated, lake clays and channel sands and gravels that unconformably overlie primary gold mineralization within the older granite saprolite. Th...

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