viewCabral Gold Inc

Cabral Gold is building exciting high-grade gold targets at flagship Cuiú Cuiú project in Brazil


The explorer has added two new highly prospective gold targets at Cuiú Cuiú in northeastern Brazil

Cabral Gold Inc -

Quick facts: Cabral Gold Inc

Price: 0.55 CAD

Market: TSX-V
Market Cap: $65.69 m
  • Flagship Cuiú Cuiú project boasts a gold-in-soil anomaly that is 18 kilometers long and largely untested
  • Discovery at Machichie zone shows continuity of high-grade material on the property
  • Management team has long history of success in Brazil

What Cabral Gold does:

Cabral Gold Inc (CVE:CBR) (OTCMKTS:CBGZF) is unlocking the high-grade gold potential of north-eastern Brazil.

The Vancouver-based company’s flagship asset is the Cuiú Cuiú project in the Tapajos region, an infrastructure-rich area near Eldorado Gold’s Tocantinzinho precious metals project.

Cuiú Cuiú has a resource of 5.9 million tons grading 0.9 grams per ton (g/t) of indicated gold and of 19.5 million tons grading 1.2 g/t of inferred gold, or 200,000 ounces and 800,000 ounces of gold, respectively.

Cuiú Cuiú boasts a gold-in-soil anomaly that is 18 kilometers (km) long and largely untested. Exploration work at Cuiú Cuiú recently identified multiple high-grade gold vein target areas outside of the historic resource and gold-in-soil anomaly.

Last year the explorer made a new discovery at Cuiú Cuiú, known as the Machichie zone.

Early drilling at Machichie revealed a significant new mineralized zone that is open along strike and down-dip, with a high-grade vein structure that looks to be continuous over nearly 450 metres. One intercept from the Machichie West zone returned 3.4 metres at nearly 37 g/t of gold.

Meanwhile, a new target, Climar is 10 km east of the Central gold deposit and 7 km northeast of the Moreira Gomes deposit on the Cuiú Cuiú property.

Cabral’s management team has a long history in Brazil, having made four previous discoveries. CEO Alan Carter is ex-Rio Tinto and founded Brazil-focused Magellan Minerals Inc, which was acquired by Anfield Gold Corp in 2016.

How is it doing:

Cabral kicked off the year with good news from its Moreira Gomes deposit on the Cuiú Cuiú project in Brazil, where drilling confirmed the continuity of high-grade gold zones. 

The company said the results represent a “step change” in its understanding of the distribution of gold mineralization at Cuiú Cuiú. 

Cabral’s Phase II drill data confirmed that the high-grade gold mineralization is continuous down-dip and along strike in at least two of three high-grade zones at Moreira Gomes.

At the Central deposit, drilling returned 34 intercepts with gold grades above 10 grams per ton, including 12 assays over one ounce per ton gold. 

Meanwhile, the firm has continued to unveil new targets at Cuiú Cuiú. Surface sampling at the largely unexplored eastern portion of Cuiú Cuiú identified a previously unknown target called Alonso. Cabral took 23 samples from surface boulders that returned gold values of between 11.6 to 200 grams per ton gold. The average of all 23 samples was nearly 92 g/t gold.

Most recently, Cabral shared sampling results that indicate another high-grade gold target. Block sampling at the Medusa target returned gold values ranging between 1.1 and 82.1 grams per ton, with 13 samples averaging 26 g/t, and 5.2 to 50.1 g/t, and six samples averaging 21.8 g/t gold.

Inflection points: 

  • Focus on the follow-up of the Alonso target and testing other regional features with a view to drill testing in 2020
  • Continue to define the high-grade zones at Moreira Gomes and Central with a view to defining a high-grade resource in the near-term

What the boss says:

Canral's CEO Alan Carter explained the company's multi-faceted exploration strategy in a recent interview with Proactive.

“We’ve had a two-stage strategy at Cuiú Cuiú for some time,” he said. “On the one hand we’re drilling off of the high-grade zones that we know exist there. In parallel, we have a reconnaissance program going because we know that Cuiú Cuiú is a district, and the district is getting larger and a lot more interesting.”

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Cabral Gold drills another mineralized structure 150m north of Machichie on...

Cabral Gold (CVE: CBR- OTC: CBGZF) CEO Alan Carter joined Steve Darling from Proactive with news the company has been able to identify a new mineralized structure which is located 150 metres north of the main Machichie target. The drilling they did, is a follow up to a hole that was first...

3 weeks, 1 day ago

4 min read