- Cabral Gold (CBR) has received key permits at its wholly-owned Cuiú Cuiú gold district in northern Brazil
- The Para State Environmental Agency has granted both Preliminary and Installation permits for two Trial Mining Licences previously approved by the Brazilian Mining Agency
- This authorizes the company to commence trial mining and the installation of all necessary infrastructure and equipment required for trial mining
- The company has commenced an updated resource estimate for the Cuiú Cuiú project
- Cabral Gold is a junior resource company engaged in the identification, exploration and development of mineral properties
- Cabral Gold Inc. opened the day’s trading at $0.25 per share
Cabral Gold (CBR) has received key permits at its wholly-owned Cuiú Cuiú gold district in northern Brazil.
The Para State Environmental Agency (SEMAS/PA) has granted both Preliminary (LP) and Installation permits (LI) for two Trial Mining Licences previously approved by the Brazilian Mining Agency (ANM). The LP and LI permits cover the key MG and Central deposits, as well as the Machichie and PDM discoveries
The receipt of both the LP and LI gives the company the authority to commence trial mining and the installation of all necessary infrastructure and equipment required for trial mining
Consequently, the company has commenced an updated resource estimate for the Cuiú Cuiú project, which is expected to be completed July 2022. This will include maiden resource estimates for three gold-in-oxide blankets, and is planned to be followed by a PEA study assessing the heap-leach potential of that oxide mineralization
“The fact that these permits have been granted on schedule is indicative of the level of support that the project has within the relevant government agencies both in the state of Para and at the federal level in Brazil,” noted Alan Carter, Cabral’s President and CEO.
“All of the main permits are now in place to allow us to proceed with trial mining and gold recovery from the three gold-in-oxide blankets which were only recently identified at Cuiú Cuiú,” he added.
Now that the LP and LI permits for trial mining and processing have been received, analysis of the EIA-RIMA (Mining Licence Environmental Impact Assessment Study), which was submitted in December 2020, has commenced.
This will assist with fast-tracking the full environmental licensing process. The company is aiming to receive the Preliminary Licence (LP) ahead of the Full Mining Licence expected in early 2023.
Cabral Gold is a junior resource company engaged in the identification, exploration and development of mineral properties, with a primary focus on gold properties in Brazil.
Cabral Gold Inc. opened the day’s trading at $0.25 per share.
