- Cabral Gold (CBR) has received assay results from four diamond drill holes completed at the PDM target in the Cuiú Cuiú gold district
- Highlights include 4.8 g/t gold over 22.4 metres including 62.0 g/t gold over 1.35 metres
- Recent drilling has confirmed that the gold-in-oxide blanket is underlain by a significant zone of high grade gold mineralization that is open on all sides
- Drilling at Cuiú Cuiú will re-commence in early January after a break for the holidays
- Cabral Gold is a junior resource company engaged in the identification, exploration, and development of mineral properties
- Shares in Cabral Gold Inc. (CBR) are up 3.80 per cent, trading at $0.41 per share
Cabral Gold (CBR) has received assay results from four diamond drill holes completed at the PDM target in the Cuiú Cuiú gold district.
Recent drilling at the PDM target has confirmed that the gold-in-oxide blanket there is underlain by a significant zone of high-grade gold mineralization.
Highlights from the most recent assays include 4.8 g/t gold over a 22.4-metre core length that contained a section of 62.0 g/t gold over 1.35 metres.
The new mineralized zone extends at least 200 metres along strike and is open in every direction. It is 2.5 kilometres northwest of the Central gold deposit, one of to primary gold deposits at Cuiú Cuiú.
Alan Carter, Cabral president and CEO, commented on the results.
“When we first identified the second gold-in-oxide blanket at PDM in August of this year, we predicted that there would be a zone of primary gold mineralization in the granitic basement rocks underlying the blanket,” he said. “This stunning high-grade intercept from DDH238 at PDM proves our original hypothesis.”
“The mineralized zone at PDM,” added Mr. Carter, “remains open along strike and down dip and represents a significant new discovery within the Cuiú Cuiú gold district. It will require an aggressive program of follow up drilling.”
The company continues to drill at both the Central and MG gold deposits, with results pending on those holes.
Drilling at Cuiú Cuiú will be suspended in the next few days for the holidays and will re-commence in early January with all four rigs that are currently on site.
Cabral Gold is a junior resource company engaged in the identification, exploration, and development of mineral properties.
The company’s primary focus is on the Cuiú Cuiú gold district located in the Tapajós Region, within the state of Pará in northern Brazil.
Shares in Cabral Gold Inc. (CBR) are up 3.80 per cent, trading at $0.41 per share as of 11:31 am EST.
