Business

Cabral Identifies Strong Gold-in-Saprolite Anomaly SE of Central Deposit at Cuiú Cuiú Project, Brazil

Vancouver, British Columbia--(Newsfile Corp. - August 27, 2018) - Cabral Gol d Inc. ( "Ca...

articleCabral Gold, Inc.August 27, 20185/company/cabral-gold-inc/news/cabral-identifies-strong-gold-in-saprolite-anomaly-se-of-central-deposit-at-cuiandxfa-cuiandxfa-project-brazil
Cabral Identifies Strong Gold-in-Saprolite Anomaly SE of Central Deposit at Cuiú Cuiú Project, Brazil

About this update from Cabral Gold, Inc.

[{"type":"text","content":"Cabral Identifies Strong Gold-in-Saprolite Anomaly SE of Central Deposit at Cuiú Cuiú Project, BrazilVancouver, British Columbia--(Newsfile Corp. - August 27, 2018) - Cabral Gold Inc. (\"Cabral\" or the \"Company\") (TSXV: CBR) (OTC Pink: CBGZF) is pleased to provide an exploration update on the Cuiú Cuiú Project, Pará State, northern Brazil, where a new high-priority target has been identified extending SE along strike from the Central gold resource.HighlightsAuger drilling to the southeast of the Central deposit which contains 485,000oz (Indicated resources of 5.9MMt @ 0.9 g/t Au + Inferred resources of 8.7MMt @ 1.1 g/t Au) has identified a broad gold-in-saprolite anomaly of +100ppb Au, extending 250m across strike in a north-south directionThe anomaly is located 1km SE of the Central deposit and 550m ESE of drill hole CC138-11 which intersected 6.9 g/t Au over 27m. It is well outside the current resource at Central and is open in all directionsThe auger line is located east of the limit of previous exploratory drilling and extends the Pau de Merenda - Central mineralized corridor by at least 1km. The position represents a priority target to test for extensions to the Central deposit.Cabral's current exploration program includes a campaign of auger drilling which is designed to test for mineralized saprolite (weathered bedrock) following the recent recognition of widespread younger transported sedimentary cover in the district. Recent work (see press release dated August 9, 2018) has demonstrated that mineralized zones that exist below this transported sedimentary cover result in weak to no gold-in-soil geochemical responses. Figure 1: Location of the Central SE ProspectTo view an enhanced version of Figure 1, please visit: http://orders.newsfilecorp.com/files/3900/38287_a1535341913717_42.jpgThis new Central SE target is located SE of the Central deposit and NW of the MG and JB gold deposits at Cuiú Cuiú (Figure 1). The Company's auger program has previously defined a target corridor extending northwest from the Central deposit which contains 485,000oz (Indicated resources of 5.9MMt @ 0.9 g/t Au + Inferred resources of 8.7MMt @ 1.1 g/t Au). This extensional target corridor (and the area of the gold resource itself) is defined by a gold anomaly 100 ppb Au, coupled with positive gold ...

More updates from Cabral Gold, Inc.