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Cabral provides further results from Alonso target at Cuiu Cuiu; Acquires RC drill rig
Vancouver, British Columbia--(Newsfile Corp. - February 27, 2020) - Cabral Gold Inc. (TSXV:...
About this update from Cabral Gold, Inc.
[{"type":"text","content":"Cabral provides further results from Alonso target at Cuiu Cuiu; Acquires RC drill rigVancouver, British Columbia--(Newsfile Corp. - February 27, 2020) - Cabral Gold Inc. (TSXV: CBR) (\"Cabral\" or the \"Company\") is pleased to provide multi-element analytical results from high-grade boulder samples and provide an update on exploration progress at the recently identified high-grade gold target called Alonso, at the Cuiú Cuiú project in Brazil. In addition, the Company is pleased to announce that it has acquired an RC drill rig which will allow for rapid and cost-effective testing of the Alonso target and other targets within the Cuiú Cuiú project area.HighlightsOne additional sample collected from the original group of boulders at the Alonso target returned 82.0 g/t gold bringing the total number of samples with gold results to 24, with values ranging from 11.6 to 200.3 g/t gold and average 91.7 g/t goldMulti-element results have also been received from all 24 rock samples and revealed highly anomalous values in both copper (up to 1.13% Cu) and silver (up to 90 g/t Ag). Significant amounts of gold in pan concentrates from stream sediment samples have been identified west and south-west of the area in which the boulders were found, further expanding the target area. A soil grid comprising a total of 298 soil samples over an area of 2.0 x 0.8km was also completed. Geochemical results are pending on additional quartz boulders found over up to 950m west of the initial bouldersThe Company has acquired an ASV Scout ST-50 RC drill rig capable of drilling reverse circulation holes to a maximum depth of 200m. This will allow for the rapid evaluation of the Alonso target as well as other regional targets. It will also be used for further drilling of the high-grade zones so far identified at both the MG and Central deposits Alan Carter, President & CEO, stated, \"Continued reconnaissance work at the Alonso target, where recent sampling of surface rock samples returned values of 11.6 - 200.3 g/t gold, continues to expand the footprint of the Alonso anomaly with highly elevated gold counts in panned stream sediments further to the west and south of the original showing. Furthermore, the recognition of highly anomalous silver and copper values raises the potential of a nearby porphyry source. The acquisition of the AS...