- Cabral Gold (TSXV:CBR) has announced it has hit a new vein at the Indio target on its flagship Cuiú Cuiú project in Brazil
- Intersections include four metres at 2.5 grams per ton (g/t) gold, including one metre at 8.7 g/t gold in one hole
- Results indicate the presence of a previously unknown high-grade vein
- The company also released results from drilling at the Machichie target, which noted drilling returned 34 metres at 5.4 g/t gold
- Assay results are pending from holes at the Hamilton Novo and Maranhao West high-grade vein targets
- Shares of Cabral Gold were down 6.56 per cent as of 12:07 p.m. EDT
Cabral Gold (TSXV:CBR) has announced new assay results from its flagship Cuiú Cuiú project in Brazil.
The Vancouver-based mineral exploration company reported results from drill programs at two targets on the project, which includes a new mineralized vein at the previously untested Indio target.
Intersections at Indio include 4 metres at 2.5 grams per ton gold at 2.5 g/t gold, including one metre at 8.7 g/t gold in hole 71.Hole 72 intersected 5 metres at 2.6 g/t gold, including two metres at 5.7 g/t gold.
“The initial results from the previously untested Indio target are highly encouraging and suggest the presence of another high-grade mineralized structure at Cuiú Cuiú with continuity of high-grade. Further drilling will be required at Indio,” Alan Carter, president and CEO of Cabral, said in a press release.
At the company’s advanced Machichie target, assay results from the follow-up reverse circulation drilling indicated 34 metres at 5.4 g/t gold, including 8 metres at 1.3 g/t gold. The eastern extension to the zone yielded results of 2 metres 4/g, including one metre at 4.7 g/t gold in the western part of the zone.
The press release indicated that drilling has also been completed at the JM target, with results pending, while drilling is currently in progress at the JN target where samples pulled 5.3 metres at 24 g/t gold.
“We look forward to the results of recent and ongoing drilling at the high-grade portions of the MG deposit as well as the JM, JN, Hamilton Novo and Maranhao West targets.”
Shares of Cabral Gold were down 6.56 per cent in Toronto to sit at C$0.57 as of 12:07 p.m. EDT.