Cabral Reports an Updated Resource Estimate at its Cuiú Cuiú Project in Brazil

About this update from Cabral Gold, Inc.

[{"type":"text","content":"Cabral Reports an Updated Resource Estimate at its Cuiú Cuiú Project in BrazilVancouver, British Columbia--(Newsfile Corp. - June 7, 2018) - Cabral Gold Inc. (TSXV: CBR) (\"Cabral\" or the \"Company\") is pleased to announce the completion of a new NI 43-101 gold mineral resource estimate for four deposits at its Cuiú Cuiú Project, located in the state of Pará in northern Brazil. The Cuiú Cuiú property is contiguous to the northwest of Eldorado Gold Corporation's (\"Eldorado Gold\") advanced Tocantinzinho gold project (Figure 1).Cabral's 2018 NI 43-101 Mineral Resource Estimate was completed by Micon International Limited (Micon), and totals 5.9MM tonnes grading 0.9 g/t Au (Indicated) and 19.5MM tonnes grading 1.2 g/t Au (Inferred), or 0.2MM ounces and 0.8MM ounces of gold, respectively (Table 1). Top cuts were applied ranging from 2 to 20 g/t Au. These were determined based on a variety of statistical methods for each subzone of two larger deposits. No top cuts were required for two smaller, lower grade satellite deposits. Economic parameters used in determining pit shell and underground dimensions for this constrained resource were largely based on recent economic studies at Tocantinzinho available on Eldorado Gold's web site.In order to better compare with historic resources. Micon also provided an estimate without top cuts. This should not be considered the current resource estimate. Without applying top cuts, the 2018 pit/underground constrained estimate would report 57% more gold, being 6.4MM tonnes grading 1.0 g/t Au (indicated) and 23.3MM tonnes grading 1.7 g/t Au (inferred), or 0.2MM ounces and 1.3MM ounces of gold, respectively (Table 2). This compares very favourably to a 2011 historic NI 43-101 pit/underground constrained resource of 1.3MM oz Au determined by Pincock, Allen and Holt (\"Pincock\"). Pincock's estimate did not apply top cuts, thus it is best compared with Micon's estimate that excludes top cuts. The 2018 estimate (without top cuts) is a 14% increase from Pincock's estimate (Table 3). Due to more rigorous economic parameters used in determining the 2018 pit shells, gold grade is 44% higher, while tonnage is 27% lower than the 2011 resource calculation (Table 3).Micon also provided a sensitivity study at various cut-off grades. The selection of top cuts also has a signif...

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