Vancouver, British Columbia - Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF) ('Cabral' or the 'Company') is pleased to announce results from 24 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 initial 24 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 68 RC holes totalling 3,174m have been completed to date
Notable results from this initial batch of RC drill results from MG include
48m @ 1.35 g/t gold from 4m depth in RC625
17m @ 2.27 g/t gold from surface in RC626
42m @ 0.64 g/t gold from surface in RC633
50m @ 0.87 g/t gold from surface in RC634
50m @ 1.35 g/t gold from surface in RC635
14m @ 1.97 g/t gold from surface in RC636
29m @ 1.36 g/t gold from surface in RC640
33m @ 0.90 g/t gold from surface in RC641
These results confirm the pre-existing drill holes and the presence of a significant near surface resource with good grade material amenable to heap leach. These data will result in an updated mine plan for the starter pit at MG and will also result in an updated gold-in-oxide reserve estimate ahead of mining
Alan Carter, Cabral's President and CEO commented, 'This first batch of infill drill results at MG are highly encouraging and confirm the presence of good grades over significant widths within the near surface weathered saprolite material and the overlying blanket sediments. These data will allow us to further refine our mine plan for the starter pit and update the gold-in-oxide 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.'
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.
The objective of the ongoing RC infill drill program at MG is to provide greater confidence on the grade and continuity of the current reserve base at MG ahead of mining and to further refine the mine plan that was developed as part of the PFS study release in July 2025.
Results have been received on an initial 24 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 by the end of this month. A total of 68 RC holes totalling 3,174m have been completed to date on a 25 x 25m spacing. Additional infill drilling in areas of higher grade will be completed on a 12.5 x 12.5m spacing.
The RC drill results reported to date confirm the presence of good grades within the weathered saprolite and overlying sedimentary blanket and the Year 1 pit outline. Of particular note are the following RC drill results
48m @ 1.35 g/t gold from 4m depth in RC625
17m @ 2.27 g/t gold from surface in RC626
42m @ 0.64 g/t gold from surface in RC633
50m @ 0.87 g/t gold from surface in RC634
50m @ 1.35 g/t gold from surface in RC635
14m @ 1.97 g/t gold from surface in RC636
29m @ 1.36 g/t gold from surface in RC640
33m @ 0.90 g/t gold from surface in RC641
Holes RC623 to RC628 were drilled on section 553175E towards the western limit of the Year 1 pit outline whilst RC632 to RC637 were drilled on section 553275E in the western central part of the Year 1 pit.
Three holes (RC625, RC635 and RC644) returned narrow intervals of higher-grade material which will be separated and stockpiled during the gold-in-oxide mining operation for processing at a later date.
These results are in line with the existing MG mine plan and confirm the pre-existing drill holes and the presence of significant near surface resources with good grade material amenable to heap leach.
About Cabral Gold Inc.
The Company is a junior resource Company engaged in the identification, exploration, and development of mineral properties, with a primary focus on 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 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.
(C) 2026 Electronic News Publishing, source ENP Newswire