Vancouver, British Columbia--(Newsfile Corp. - July 9, 2026) - Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF) ("Cabral" or the "Company") is pleased to provide a construction and commissioning update regarding its Phase 1 gold-in-oxide heap leach project at the Cuiú Cuiú Gold District, Brazil.
Highlights
Construction of the dry circuit for the Phase 1 gold-in-oxide heap leach project is now complete, with total project construction and commissioning now approximately 85% complete, and +90% of project costs committed under contract
Mining of gold-in-oxide ore has commenced, with ore being successfully processed by the sizer, agglomerated, and transported by conveyor systems to the heap leach pads
The ADR plant has arrived in country and is expected to be on site later this month. The project remains on schedule with commissioning during Q3 and ramp up to full production during Q4 2026
The Owners' team and Contractors have worked a total of 501,743 hours during 2026 with a Lost Time Incident ("LTI") rate of zero as of July 3, 2026
A total of 308 employees and contractors are currently on site on the construction project (excluding the off-site engineering team and Cabral's in-country exploration and administrative team), 100% of project employees and contractors are Brazilian and approximately 61% are from the state of Para
Alan Carter, Cabral's President and CEO, commented, "Our construction team have continued to make excellent progress on the construction of our Phase 1 gold-in-oxide heap leach project at Cuiú Cuiú during the last couple of months. Commissioning is in progress and the project remains on schedule for commercial gold production during the fourth quarter of this year. The commissioning of the dry plant processing facilities is now largely complete, and the ADR plant has arrived in country and is expected to arrive on site later this month. Mining of the MG orebody has commenced and stacking of ore on pad 1 is currently in progress. All of this has been achieved by the owners' team and contractors having worked a total of 501,743 hours with zero lost time incidents during 2026."
Cuiú Cuiú Construction Update
Procurement and Delivery
The adsorption, desorption, and recovery ("ADR") plant was tested and partly commissioned at Como Engineering in Perth, Australia. It has now arrived in Brazil and is expected to arrive on site in late July.
The mineral sizer arrived on site in June and has now been installed and commissioned. Mechanical assembly of the dry plant, including all of the conveyor systems, has been completed.