- Cabral Gold (CBR) released assay results within its wholly-owned Cuiú Cuiú gold district in northern Brazil.
- The assays were excavated from 11 new trenches along strike and immediately west of the previously drilled Machichie Main zone
- All of the Machichie West trenches encountered gold mineralization in weathered bedrock
- Cabral Gold Inc. (CBR) was up 1.64 per cent trading at $0.31 per share as of 2:45 pm ET
Cabral Gold (CBR) released assay results within its wholly-owned Cuiú Cuiú gold district in northern Brazil.
The assays were excavated from 11 new trenches along strike and immediately west of the previously drilled Machichie Main zone. All of the Machichie West trenches encountered gold mineralization in weathered bedrock.
Highlights:
- Trench CT0049 returned 96.5 metres at 0.6 g/t gold including;
- 7.7 metres at 5.8 g/t gold, including 0.5 metre at 77.3 g/t gold
- 1.1 metre at 5.4 g/t gold, including 0.5 metre at 11.6 g/t gold
- Trench CT0045 returned 138 metre at 0.5 g/t gold including three distinct higher-grade zones:
- 8 metres at 1.5 g/t gold
- 15 metres at 1.7 g/t gold
- 2 metres at 8.9 g/t gold
- Other notable intercepts include 0.7 metre at 11.3 g/t gold in trench CT0040, 1.6 metre at 6.6 g/t gold in trench CT0041 and 0.5 metre at 10.9 g/t gold in trench CT0047
Cabral’s President, and CEO, Alan Carter called these recent trench results highly significant for three reasons.
“Firstly, they indicate that the east-trending Machichie Main zone can be traced for at least 350m west of previous drilling, significantly increasing the strike extent, and in particular extending the high-grade zone previously identified in recent trenching. The Machichie Main zone remains open to the west. Secondly, and perhaps more importantly, these results suggest the presence of a large new mineralized body in intrusive rocks comprising a swarm or array of numerous gold-bearing quartz veins and veinlets. Trenching suggests that this new zone is northeast-trending parallel to the general trend of the veins. The array extends over an area of at least 500 x 300m, and includes the previously identified Machichie SW veins. This mineralized area remains open in every direction. Finally, the trenching program suggests a significant amount of oxide material has likely resulted from the weathering of this new mineralized zone which should add to the overall inventory of gold-in-oxide mineralization, which already includes three gold-in-oxide blankets discovered thus far at Cuiú Cuiú.”
Cabral Gold (CBR) 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. (CBR) was up 1.64 per cent trading at $0.31 per share as of 2:45 pm ET.