Vancouver, British Columbia - Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF) ('Cabral' or the 'Company') is pleased to announce results from 30 additional shallow reverse circulation ('RC') holes drilled targeting gold-in-oxide material at the MG starter pit within the Cuiu Cuiu Gold District, Brazil.
Highlights
Results have been received on an additional 30 infill RC holes targeting the gold-in-oxide material in the eastern and central parts of the MG starter pit. The program of infill drilling is aimed at improving the confidence around the current mine plan at MG and upgrading the current reserve. A total of 133 infill RC holes totalling 4,800m from a planned total of 155, have been completed at MG to date
Notable results from this batch of RC drill results from MG include
48m @ 0.65 g/t gold from surface in RC647
23m @ 1.43 g/t gold from surface in RC650
24m @ 0.65 g/t gold from surface in RC651
29m @ 0.90 g/t gold from surface in RC652
30m @ 1.45 g/t gold from surface in RC653
19m @ 1.80 g/t gold from surface in RC657
40m @ 0.70 g/t gold from 3m depth in RC662
31m @ 0.62 g/t gold from surface in RC665
46m @ 1.25 g/t gold from surface in RC671
21m @ 0.65 g/t gold from surface in RC672
21m @ 0.66 g/t gold from surface in RC673
The Company announces that it is in the process of doubling its exploration drilling effort and adding three additional drill rigs on site bringing the total rig count to 6 (2 RC rigs and 4 diamond drill rigs)
Alan Carter, Cabral's President and CEO commented, 'These infill drill results at MG confirm the presence of good gold grades over significant widths within weathered saprolite material and the overlying blanket sediments at or near surface. As we advance with the construction of our Phase 1 gold-in-oxide heap leach operation, which is now 70% complete, these data will allow us to further refine our mine plan for the starter pit and update the reserve base for the MG gold-in-oxide deposit. This in turn will provide us with greater confidence during the initial year of mining at MG. We are also very pleased to announce the decision to add one RC rig and two diamond rigs at Cuiu Cuiu bringing the total number of rigs on site to 6. The bulk of this drilling will be directed to exploration and expansion of the global resource inventory.'
MG RC Infill Drill Results
The MG gold deposit is one of the two main gold deposits that currently comprise the Indicated and Inferred resource base at Cuiu Cuiu. As with the nearby Central gold deposit, the upper portion of the subvertical MG gold deposit is extensively weathered resulting in a vertical profile of highly weathered basement saprolite extending to 60m depth. This saprolite together with the overlying blanket sediments and soils, which are also mineralized, will form the starter pit for the Phase 1 gold-in-oxide mining operation which is due to commence production in Q4 2026.
About Cabral Gold Inc.
The Company is a junior resource Company engaged in the exploration, development and near-term production from gold properties located in Brazil. The Company has a 100% interest in the Cuiu Cuiu gold district located in the Tapajos Region, within the state of Para in northern Brazil. Three main gold deposits have so far been defined at the Cuiu Cuiu project which contain National Instrument ('NI') 43-101 compliant Indicated resources of 12.29Mt @ 1.14 g/t gold (450,200oz) in fresh basement material and 13.56Mt @ 0.50 g/t gold (216,182oz) in oxide material. The project also contains Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) in fresh basement material and 6.4Mt @ 0.34 g/t gold (70,569oz) in oxide material. The resource estimate for the primary material is based on the NI 43-101 technical report dated October 12, 2022. The resource estimate for the oxide material at PDM and MG is based on a NI 43-101 technical report dated October 21, 2024. The resource estimate for the oxide material at Central and Machichie is based on a NI43-101 technical report ('Updated PFS') dated July 29, 2025. The Company is currently engaged in the construction of a Phase 1 gold-in-oxide heap leach operation based on the NI43-101 technical report PFS and expects to enter commercial gold production in Q4 2026.
The Tapajos Gold Province is the site of the largest gold rush in Brazil's history which according to the ANM (Agencia Nacional de Mineracao or National Mining Agency of Brazil) produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. Cuiu Cuiu was the largest area of placer workings in the Tapajos and produced an estimated 2Moz of placer gold historically.
Contact:
Alan Carter
Tel: 604.676.5660
Forward-looking Statements
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively 'forward-looking statements'). The use of the words 'will', 'expected' and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct.
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