- Cabral Gold (CBR) has released assay results for several trenches recently excavated west of the main Machichie target
- Trenching identified 8.3 g/t gold over 5 metres in the most westerly drill hole
- This mineralization is thought to represent the western extension of the main Machichie mineralized structure
- Further trenching in both trenching areas is in progress as the company prepares for follow-up drilling
- 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 2.70 per cent, trading at $0.38 per share
Cabral Gold (CBR) has released assay results for several trenches recently excavated west of the main Machichie target.
The Machichie target is located 500 metres north of the MG gold deposit on Cabral’s Cuiú Cuiú property.
Previous drilling at Machichie identified a persistent mineralized zone that is east-to-west trending and dips steeply to the north. The main zone consists of a high-grade core zone surrounded by a low-grade alteration envelope.
In November, Cabral completed three short reconnaissance trenches that were designed to test the near-surface extent of recently discovered mineralized boulders.
Trenching identified 8.3 g/t gold over 5 metres in the most westerly drill hole, including 1 metre of 37.8 g/t gold.
This mineralization is thought to represent the western extension of the main Machichie mineralized structure. If proven correct, this would represent a 60 per cent extension to the known mineralized zone at Machichie.
As a result of these highly encouraging results, the trenching program at Machichie has been expanded, and a planned program consisting of an additional 19 trenches totalling 950 metres has commenced.
Alan Carter, Cabral’s President and CEO, commented on the trenching results.
“Whilst further trenching is ongoing and drilling is planned, this is a major development in our efforts to determine the size and scope of the mineralized zones at Machichie,” he said.
“With the existing two gold deposits at MG and Central, the recent discovery of three near-surface gold in oxide blankets, and a new hard-rock mineralized zone at the PDM target, Cuiú Cuiú is rapidly emerging as a significant gold district,” he added.
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 2.70 per cent, trading at $0.38 per share as of 10:50 am EST.
