Proactiveinvestors RSS feed en Tue, 22 May 2018 06:08:02 -0400 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[Media files - Cabral Gold's Cuiú Cuiú project 'has the potential to be a multi-million ounce system' ]]> Wed, 16 May 2018 15:10:00 -0400 <![CDATA[News - Cabral Gold names Mark Smith executive chairman as Njegovan resigns ]]> Cabral Gold Inc. (CVE:CBR) shook up its board of directors Monday, naming P. Market Smith as executive chairman and announcing the resignation of Don Njegovan

Smith has 20 years’ worth of experience working in the mining industry, including Cominco, before transitioning to the financial sector as a mining analysts with Marleau-Lemire, C.M. Oliver, First Associates, and Dundee Securities. Smith was also an investment banker with Dundee Securities, Stifel Nicolas, and M Partners.

WATCH: Cabral Gold's Cuiú Cuiú project 'has the potential to be a multi-million ounce system'

“We believe that [Mark Smith’s] deep technical and extensive capital markets experience will have a very positive impact on the growth of our company going forward, said CEO Alan Carter in a statement. “We look forward to working together with Mark and the team in realizing the enormous potential of the Cuiu Cuiu project in Brazil."

Smith has served on the PDAC technical committee responsible for the PDAC convention in Toronto, where he was a director until 2005.

The company said Smith will provide advice on technical, corporate, general and financial strategies, as well as planning and implementation.

Mon, 07 May 2018 10:16:00 -0400
<![CDATA[Media files - Cabral Gold finds several new high-grade gold targets at Cuiú Cuiú project in Brazil ]]> Thu, 22 Mar 2018 14:35:00 -0400 <![CDATA[News - Cabral Gold's new high grade finds will help inform next priority drill targets at Cuiú Cuiú ]]> Brazil-focused junior Cabral Gold Inc (CVE:CBR) has found "several new high-grade gold targets" from initial exploration at its Cuiú Cuiú project.

It comes after work, including trenching, soil and rock sampling, in areas of recent and abandoned artisanal workings and initial results confirm three new high-grade vein targets, and the Jerimum de Cima artisanal showing.

They are the Gremano, Vila Rica and Belisca Lua targets.

"The recognition of new high-grade vein targets at Cuiú Cuiú represents an important step in prioritizing the next series of drill targets, which will be refined over the coming months utilizing both the trenching / channel sampling program and ground magnetics / auger data to map structure in areas of deeper soil cover," said Alan Carter , president and chief executive of  Cabral.

Program began in January..

"This program only commenced in January but has already identified a series of high quality targets which add to the eight existing targets that are outside the historic resources at Central and Moreira Gomes and have previously received limited drilling."

The property lies in the Tapajos region, home to Brazil's largest gold rush, within the state of Para in the north.

Previous work at Cuiú Cuiú identified a gold-in-soil anomaly that extends for 18km and it has established historic resources of 3.4Mt (million tonnes) at 1g/t gold (for 0.1Moz) and inferred resources of 31Mt (million tonnes) at 1.2g/t gold (for 1.2Moz) on stockwork-style mineralization at the Central and Moreira Gomes targets.

An updated resource for those deposits and others is currently underway incorporating drilling done subsequent to that 2011 estimate.

Highlight assays..

Highlights of recent assays include 264.0 g/t (grams per ton) from the Germano target, and 80.1 g/t from the Vila Rica  target, along with 17.7 g/t from Belisca Lua.

From initial channel sampling there was 0.5 meters (m) at 43.3 g/t at the Vila Rica target, and 5m at 3.16 g/t at the Jerimum de Cima target.

In addition to the targets above, visible gold has been noted in samples collected from another previously unknown target at Cuiu Cuiu called Morro da Lua, the firm said.

In addition there is the Machichie target, which lies immediately to the northwest of the Moreira Gomes.

Two reconnaissance holes were drilled nearby, one of which returned 3.3m at 7.4g/t (grams per ton) gold.

A program is in place to access and sample a series of shafts and galleries, and conduct auger drilling along the trend of a geochemical anomaly extending eastwards from the workings.

Shares in Toronto added 1.69% to C$0.30 each.

Wed, 21 Mar 2018 09:26:00 -0400