https://www.proactiveinvestors.com Proactiveinvestors RSS feed en Wed, 17 Oct 2018 06:53:44 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Cabral Gold hails high grade mineralisation found at Machichie area at Cuiú Cuiú ]]> https://www.proactiveinvestors.com/companies/news/201159/cabral-gold-hails-high-grade-mineralisation-found-at-machichie-area-at-cui-cui-201159.html Cabral Gold Inc (CVE:CBR) says it's discovered a new high-grade mineralised trend which has not previously been drilled and which boosts the credentials of its Cuiú Cuiú project in Brazil.

The newly discovered Machichie area hosts structures, which extend at least 300m and lie along an easterly trend, around 500m north of the firm's MG deposit - one of four deposits with defined resources at Cuiú Cuiú.

These latest results could improve the economic prospects of MG, Cabral said.

READ THE BIG PICTURE:  Cabral Gold continues ambitious surface exploration program at Cuiu Cuiu gold project

Excitingly, a grab sample from the area returned an impressive 336 g/t (grams per ton) gold from a 1m wide quartz-pyrite vein in an artisanal shaft at Machichie.

Meanwhile, channel sample results from western shafts included 54.6 g/t of the yellow metal over 0.80m, 13.2 g/t gold over 0.75m, 13.8 g/t gold over 1.5m and 5.8 g/t gold over 1.75m.

Currently, MG is host to an inferred resource at 8.6 million tonnes at 1.45g/t gold for 0.4mln tonnes of gold.

To date, drilling at MG is wide-spaced and the deposit remains open at depth.

Placer deposits were mined for gold in the Machichie area during the Tapajós gold rush between the late 1970s and the late 1990s.

Cabral noted it began a review of the new Machichie discovery only in April this year.

There are currently at least ten active shafts, four of which are in active production and are developed on vein-hosted gold mineralisation.

The new Machichie discovery area is shaping up to be a primary drill target area for Cabral's initial drill programme planned later this year, Cabral told investors in the regulatory release.

WATCH: Cabral Gold reports promising drill results from Cuiu Cuiu project

Meanwhile, additional multi-element geochemistry will also be conducted, focusing initially on assessing whether the copper-moly signature can be traced over a broader area.

"The Machichie results are redefining our ideas of the variety of target styles that are yet to be drilled at Cuiú Cuiú," said Alan Carter, president and chief executive at Cabral.

"Past exploration has focused on the lower-grade stockwork-style vein systems.

"These new results highlight the potential of more discrete vein structures with exceptionally high-grades.

"The new processing and review of our geophysical database has added valuable context of interpreted structures correlative with geochemical anomalies which can now be seen to extend from this trend.

"Our next steps are to further screen these targets using auger drilling, and potentially geophysics to complete the definition of drill targets along this newly recognized corridor.

"We look forward to drill-testing the new Machichie discovery later this year".

Cabral shares added over 4% to C$0.25.

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Thu, 19 Jul 2018 09:48:00 -0400 https://www.proactiveinvestors.com/companies/news/201159/cabral-gold-hails-high-grade-mineralisation-found-at-machichie-area-at-cui-cui-201159.html
<![CDATA[Media files - Cabral Gold reports promising drill results from Cuiu Cuiu project ]]> https://www.proactiveinvestors.com/companies/stocktube/9787/cabral-gold-reports-promising-drill-results-from-cuiu-cuiu-project-9787.html Thu, 05 Jul 2018 15:36:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/9787/cabral-gold-reports-promising-drill-results-from-cuiu-cuiu-project-9787.html <![CDATA[News - Cabral Gold sees shares rise as it reports promising drill results from Cuiu Cuiu project ]]> https://www.proactiveinvestors.com/companies/news/200236/cabral-gold-sees-shares-rise-as-it-reports-promising-drill-results-from-cuiu-cuiu-project-200236.html Shares of Cabral Gold Inc. (CVE:CBR) were up 11.1% on Thursday as the company released initial drill results within the Central/Pau de Merenda target corridor at its Cuiu Cuiu project in Para state, northern Brazil.

The company said recent weathered bedrock sampling by auger drilling and pitting at the Central/Pau de Merenda corridor returned highly anomalous results in both gold counts and geochemical analyses. 

"The auger results from the Central - Pau de Merenda corridor area are very compelling and strongly suggest the presence of a significantly larger area of gold mineralization than is suggested by the current resource at Central," said president and chief executive officer, Alan Carter.

READ: Cabral Gold continues ambitious surface exploration program at Cuiu Cuiu gold project

Individual top-of-saprolite samples returned peak values of 18.7 grams per ton (g/t) gold. Gold counts in places exceeded 100 per sample

The results show a mineralized corridor extending for a minimum of 4km in a northwest-southeast direction.

The company said the Central deposit, which contains 485,000 ounces, currently occupies the southeastern 1.2km of this 4km long anomaly.

Cabral Gold’s Cuiu Cuiu project is located in the Tapajos region of Brazil. The Tapajos region was the site of the world’s largest ever gold rush between the mid-1970s and mid-1990s and is estimated to have produced 20-30mln/oz of placer gold.

Cuiu Cuiu itself was the largest of these placer areas and is estimated to have yielded 2mln/oz of gold from streams.

"These results come close on the heels of recent high-grade surface rock assay results from the Jerimum Cima target area (see news release of June 19, 2018), which are also located outside the existing resource. I would like to congratulate our exploration team, led by Adrian McArthur, on their continued success, and look forward to additional results from other targets at Cuiu Cuiu in the coming weeks and months."

Issuance of stock options

Cabral has also announced that it has granted stock options to the Executive Chairman of the Company pursuant to its stock option plan. The stock options entitle the holder to purchase 450,000 common shares in the capital stock of the Company at a price of $0.23 per common share. The stock options are exercisable until June 19, 2023, and are subject to vesting over 24 months.

Shares of Cabral were up 11.1% at C$0.25 on Thursday. 

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Thu, 05 Jul 2018 11:40:00 -0400 https://www.proactiveinvestors.com/companies/news/200236/cabral-gold-sees-shares-rise-as-it-reports-promising-drill-results-from-cuiu-cuiu-project-200236.html
<![CDATA[Media files - Cabral Gold CEO says there's no doubt project will continue to grow after new discoveries at Cuiú Cuiú ]]> https://www.proactiveinvestors.com/companies/stocktube/9635/cabral-gold-ceo-says-there-s-no-doubt-project-will-continue-to-grow-after-new-discoveries-at-cui-cui-9635.html Wed, 20 Jun 2018 14:10:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/9635/cabral-gold-ceo-says-there-s-no-doubt-project-will-continue-to-grow-after-new-discoveries-at-cui-cui-9635.html <![CDATA[News - Cabral Gold reports on two new promising discoveries at Brazilian project ]]> https://www.proactiveinvestors.com/companies/news/199158/cabral-gold-reports-on-two-new-promising-discoveries-at-brazilian-project-199158.html Bright news from Cabral Gold Inc (CVE:CBR) today as it released encouraging initial sampling results from two new discoveries: Jerimum North and Jerimum East. 

Additionally, the company released further results of surface rock sampling at the Morro da Lua and Jerimum Cima targets at its Cuiu Cuiu project in Para state, Brazil.

READ: Cabral Gold continues ambitious surface exploration program at Cuiu Cuiu gold project

At the Morro da Lua target, seven grab samples returned assay results ranging from 5.5 to 162.4 g/t (grams per tonne) gold from stockpiles from separate shafts on vein showings discovered earlier this year. 

At Jerimum Cima, channel samples extend the target: including 12.4 metres at 1.9 g/t gold, 1.7 metres at 15.7 g/t gold and 8 metres at 1.1 g/t gold.

These are located up to 200m west of historic drilling and significantly extend the strike extent of Jerimum Cima. All intervals are open in terms of width, and the zone remains open on strike. 

New targets discovered

Two new targets were also discovered. The first, Jerimum North was recently discovered 500 metres north of Jerimum Cima. Initial rock grab samples returned 52.1 g/t, 13.0 g/t, and 10.0 g/t gold. 

Another new target, Jerimum East, has been discovered 800m east-northeast of Jerimum Cima. It returned a value of 152.6 g/t gold from a single grab sample.

Cabral Gold’s Cuiu Cuiu project is located in the Tapajos region of Brazil. The Tapajos region was the site of the world’s largest ever gold rush between the mid-1970s and mid-1990s and is estimated to have produced 20-30mln/oz of placer gold.

Cuiu Cuiu itself was the largest of these placer areas and is estimated to have yielded 2mln/oz of gold from streams. 

The region has been attracting plenty of exploration capital in Brazil, which is the world’s 12th largest producer of gold.

Shares of Cabral were up 11.63% at C$0.24 on Tuesday.

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Tue, 19 Jun 2018 11:21:00 -0400 https://www.proactiveinvestors.com/companies/news/199158/cabral-gold-reports-on-two-new-promising-discoveries-at-brazilian-project-199158.html
<![CDATA[News - Cabral Gold continues ambitious surface exploration program at Cuiu Cuiu gold project ]]> https://www.proactiveinvestors.com/companies/news/198980/cabral-gold-continues-ambitious-surface-exploration-program-at-cuiu-cuiu-gold-project-198980.html Dr. Alan Carter’s eyes light up when you get him talking about Cabral Gold Inc’s (CVE:CBR) Cuiu Cuiu gold project in Brazil.

“I do this because I love it. I wake up at 4 a.m thinking about it,” says the chief executive officer of Cabral Gold and geologist, who stacks together three decades of experience in minerals exploration (Rio Tinto, BHP Billiton, Peregrine) and was the founder of Magellan Minerals, which was acquired by Anfield Gold in May 2016.

“I’m always thinking about a particular drill hole on the project or perhaps that these samples represent something else, and on and on,” says Carter. “I really do eat, sleep and breathe it.”

Enthusiasm is one thing but so is experience: Carter bunkers both.

READ: Cabral Gold unveils new resource for Cuiu Cuiu property, which provides good platform to advance project

There are no idle hands right now, to put it mildly, as Cabral embarks on a surface exploration program at Cuiu Cuiu, involving soil sampling, auger sampling, pitting and trenching on at least 12 targets in advance of drilling planned for later this year.

The goal? To prioritize drill targets for later in 2018.

Resource estimate update

In June, Cabral released new numbers, which incorporated 22,000 metres of drilling from 2012 not included in an earlier resource estimate, which was based on 26,000 metres (conducted in 2011). The NI 43-101 report was compiled by Micon International Limited and covers four deposits at the site in the state of Para in the north of Brazil.

It totaled 5.9mln tonnes at 0.9 g/t (grams per tonne) for 171,000 ounces of gold in the higher confidence Indicated category (at a cut-off of 0.35g/t). In the lower confidence Inferred category, it reported 19.5mln tonnes at 1.24 g/t for 776,000 ounces in the inferred category.

Some might look at the numbers and say the findings were slightly more conservative than hoped: but that’s when you need to look more deeply, dig through the numbers and provide some context.

The recent resource estimate was slightly less than the previous estimate, but the important difference was that this estimate included a series of top cuts which is basically a statistical exercise which cuts the actual high-grade gold results from drill holes back to a much lower number, in this case, resulting in a 57% difference in the total ounces of gold reported.

When the numbers are considered, without top cuts imposed, the total number of ounces reported actually increased by 14%, and perhaps, more importantly, the grade increases from 1.20 to 1.71g/t gold.

These numbers should be considered the initial resource estimate, and a minimum number according to Carter.

“We’re confident that the size of this project will increase significantly as we move forward” says Carter. “We have economic drill intercepts which include 39m at 5.1g/t gold and 27m at 6.9g/t gold in at least six other targets areas within an 18km long gold-in-soil anomaly, and have been finding a number of new targets with visible gold on surface which we have not yet drilled.”

In short, beneath the resource-capping lies a simple fact that should not be lost: there is high-grade gold at Cuiu Cuiu.

The rapidly developing Tapajos region

Cabral Gold’s Cuiu Cuiu project lies in the fascinating Tapajos region: rich with history, and ripe with possibility.

The Tapajos region was the site of the world’s largest ever gold rush between the mid-1970s and mid-1990s and is estimated to have produced 20-30mln/oz of placer gold. Cuiu Cuiu itself was the largest of these placer areas and is estimated to have yielded 2mln/oz of gold from streams, but the source for much of that gold is yet to be identified. The Tapajos region covers 125,000 sq/km in the Amazon basin, which includes farmland, rainforest and wetlands.

It’s also a region attracting plenty of exploration capital in Brazil – a country where mining is at the heart of the nation’s economy and has been since the 1600’s. Today, Brazil is the world’s 12th largest producer of gold in the world.

Good neighbours

And yet, there are challenges too. The area surrounding Cuiu Cuiu is a remote area of the Amazon. Access is merely one road bump, as many of those kilometres exist in the jungle, which presents a number of issues: rain and access to power, being others.

Thankfully, those challenges look reasonable to overcome.

Cabral Gold’s  Cuiu Cuiu project is flanked to the south-east by neighbours Eldorado Gold, which constructed a new 70km road to its flagship project, from the BR-163 highway. In May of this year, Eldorado was granted construction licence and tailings permits (though what it does with them remains to be seen). Additionally, new hydroelectric power plants are being planned for the region.

Future looks promising

So what lies ahead? According to Carter, Cabral’s goal going forward is to not only to outline a large, low-grade gold deposit but also to capitalize on the high-grade gold findings.

Cabral will continue its surface exploration program at Cuiu Cuiu, through soil sampling, auger sampling, pitting and trenching on a dozen targets. Drilling is scheduled to get underway later this year.

Carter says he remains confident in its resource, based off the strength and scale of soil anomaly, the high grades returned, not to mention the rich history of the area.

"We believe that surface trenching and further infill drilling will provide additional data that will likely statistically improve top-end cuts, and as a result add significant additional ounces within the existing deposits as well as along strike,” says Carter.

“In addition, the size of the overall gold-in-soil anomaly (18km) and the fact that we have numerous drill holes with gold outside the current resource auger well for the continued growth of the project.”

 

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Fri, 15 Jun 2018 23:27:00 -0400 https://www.proactiveinvestors.com/companies/news/198980/cabral-gold-continues-ambitious-surface-exploration-program-at-cuiu-cuiu-gold-project-198980.html
<![CDATA[News - Cabral Gold unveils new resource for Cuiu Cuiu property, which provides good platform to advance project ]]> https://www.proactiveinvestors.com/companies/news/198461/cabral-gold-unveils-new-resource-for-cuiu-cuiu-property-which-provides-good-platform-to-advance-project-198461.html Brazil-focused junior Cabral Gold Inc (CVE:CBR) said a new resource estimate at the Cuiu Cuiu property is a key first step to develop an economically robust project.

The NI 43-101 report was compiled by Micon International Limited and covers four deposits at the site in the state of Para in the north of the country.

WATCH: Cabral Gold encouraged by Eldorado permitting, updated resource estimate to come

It sees 5.9mln tonnes at 0.9 g/t (grams per  tonne) for 171,000 ounces of gold in the higher confidence indicated category (at a cut-off of 0.35g/t).

In the lower confidence inferred, it reported 19.5mln tonnes at 1.24 g/t for 776,000 ounces of the yellow metal in the inferred category.

"The 2018 resource estimate is an important fundamental step towards developing an economic platform for the Cuiu Cuiu project," Alan Carter, president and chief executive, told investors.

"We believe that surface trenching and further drilling will provide additional data that will likely statistically improve top-end cuts, and as a result add significant additional ounces within the existing deposits as well as along strike."

Carter pointed out that previous drilling had identified ten mineralized zones at Cuiu Cuiu, for which only four have had sufficient drilling to determine resources, and significant upside exists in all four of the deposits identified so far.

"Furthermore, the recent recognition of new high-grade targets at Cuiu Cuiu also represents a very important step towards improving the overall grade and viability of the project through the potential addition of higher grade resources. These efforts will be prioritized, and tested over the coming months," he added.

The company is currently undertaking an aggressive surface exploration program at Cuiu Cuiu which involves soil sampling, auger sampling, pitting and trenching on at least 12 targets, including Central, MG, JB and Central North.

This is aimed at prioritizing targets for diamond drilling later in 2018.

Today's estimate covers four deposits. These are Central, Moreira Gomes (MG), Central North, and Jerimum de Baixo (JB) and Micon used 51 holes at Central, 35 holes  at MG, seven holes at Central North, and 15 holes at JB.

Notably, the Cuiu Cuiu property is contiguous to the northwest of Eldorado Gold Corp's advanced Tocantinzinho gold project.

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Thu, 07 Jun 2018 08:49:00 -0400 https://www.proactiveinvestors.com/companies/news/198461/cabral-gold-unveils-new-resource-for-cuiu-cuiu-property-which-provides-good-platform-to-advance-project-198461.html
<![CDATA[Media files - Cabral Gold encouraged by Eldorado permitting, updated resource estimate to come ]]> https://www.proactiveinvestors.com/companies/stocktube/9438/cabral-gold-encouraged-by-eldorado-permitting-updated-resource-estimate-to-come-9438.html Mon, 04 Jun 2018 16:19:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/9438/cabral-gold-encouraged-by-eldorado-permitting-updated-resource-estimate-to-come-9438.html <![CDATA[Media files - Cabral Gold's Cuiú Cuiú project 'has the potential to be a multi-million ounce system' ]]> https://www.proactiveinvestors.com/companies/stocktube/9308/cabral-gold-s-cui-cui-project-has-the-potential-to-be-a-multi-million-ounce-system--9308.html Wed, 16 May 2018 15:10:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/9308/cabral-gold-s-cui-cui-project-has-the-potential-to-be-a-multi-million-ounce-system--9308.html <![CDATA[News - Cabral Gold names Mark Smith executive chairman as Njegovan resigns ]]> https://www.proactiveinvestors.com/companies/news/196480/cabral-gold-names-mark-smith-executive-chairman-as-njegovan-resigns-196480.html 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.

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Mon, 07 May 2018 10:16:00 -0400 https://www.proactiveinvestors.com/companies/news/196480/cabral-gold-names-mark-smith-executive-chairman-as-njegovan-resigns-196480.html
<![CDATA[Media files - Cabral Gold finds several new high-grade gold targets at Cuiú Cuiú project in Brazil ]]> https://www.proactiveinvestors.com/companies/stocktube/8933/cabral-gold-finds-several-new-high-grade-gold-targets-at-cui-cui-project-in-brazil-8933.html Thu, 22 Mar 2018 14:35:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/8933/cabral-gold-finds-several-new-high-grade-gold-targets-at-cui-cui-project-in-brazil-8933.html <![CDATA[News - Cabral Gold's new high grade finds will help inform next priority drill targets at Cuiú Cuiú ]]> https://www.proactiveinvestors.com/companies/news/193564/cabral-gold-s-new-high-grade-finds-will-help-inform-next-priority-drill-targets-at-cui-cui-193564.html 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.

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Wed, 21 Mar 2018 09:26:00 -0400 https://www.proactiveinvestors.com/companies/news/193564/cabral-gold-s-new-high-grade-finds-will-help-inform-next-priority-drill-targets-at-cui-cui-193564.html