New Discovery of High-Grade Vein Mineralization at Machichie Returns Grades up to 336g/t (10.8 oz/t) Gold at Cabral's Cuiú Cuiú Project in Brazil

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[{"type":"text","content":"New Discovery of High-Grade Vein Mineralization at Machichie Returns Grades up to 336g/t (10.8 oz/t) Gold at Cabral's Cuiú Cuiú Project in BrazilVancouver, British Columbia--(Newsfile Corp. - July 19, 2018) - Cabral Gold Inc.  (TSXV: CBR) (OTC Pink: CBGZF) (\"Cabral\" or the \"Company\") is pleased to announce initial sampling and exploration results from an ongoing program assessing the potential of newly discovered high-grade veins at the Machichie Prospect, within the Cuiú Cuiú Project, Pará State, northern Brazil.Initial results have highlighted a newly recognized mineralized trend with no previous drilling that is located only 500m north of the Cabral's MG deposit (Figure 1). MG is one of four deposits with defined resources at Cuiú Cuiú.The newly discovered Machichie mineralized structures extend at least 300m and lie along an easterly trend, roughly parallel to MG. The discovery is highlighted by a line of recently sunk artisanal shafts that are exploiting high-grade gold-bearing quartz veins hosted in soft, shallow weathered bedrock. The structure is defined as a subtle magnetic low that corresponds to a coincident gold-in-soil geochemical anomaly (100-315ppb Au). Both the veins and wall-rock alteration are sulphide rich, which appears to correlate to a pronounced off-grid IP chargeability response interpreted from a 2006 IP test survey covering part of the MG deposit to the south.Highlights A composite grab sample of mineralized rock returned 336 g/t Au from a 1m wide quartz-pyrite vein in an artisanal shaft at Machichie. Channel sample results include 54.6 g/t Au over 0.80m, 13.2 g/t Au over 0.75m, 13.8 g/t Au over 1.5m and 5.8 g/t Au over 1.75m Figure 1: Location of the Machichie target relative to the other gold deposits and targets in the central part of the Cuiú Cuiú property.To view an enhanced version of Figure 1, please visit: http://orders.newsfilecorp.com/files/3900/36078_a1531969804946_19.jpgBackgroundThe Cuiú Cuiú Project covers the largest of the historical placer gold camps in the Tapajós region of northern Brazil, having yielded an estimated 2MMoz of gold from the overall 20-30MMoz gold produced during the Tapajós gold rush1 from the late-1970's though the mid-1990's. Placer workings cover over 850ha on the property but are largely exha...

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