leadf
logo-loader
viewCabral Gold Inc

Cabral Gold identifies new high-grade gold target and large gold anomaly at Cuiú Cuiú in Brazil

The new target is located at Dona Moca, which is located 1.6 kilometers east northeast of the company’s Medusa target

Cabral Gold Inc project in Brazil
Surface grab samples at Dona Moca returned gold values of 108.3 grams per ton (g/t), 32.0 g/t, 21.9 g/t and 3.9 g/t in surface cobbles

Cabral Gold Inc (CVE:CBR) (OTCPINK:CBGZF) announced Tuesday that it has identified a new high-grade target called Dona Moca at its Cuiú Cuiú gold project in northern Brazil.

Dona Moca is located 1.6 kilometres east northeast of the company’s Medusa target. Surface grab samples returned gold values of 108.3 grams per ton (g/t), 32.0 g/t, 21.9 g/t and 3.9 g/t in surface cobbles.

Cabral also revealed that soil sampling at the Medusa target has identified a large coherent gold-in-soil anomaly which extends at least 1.4 km and has a pronounced east southeast trend, extending east of the previously reported high-grade boulders which range from 1.1 g/t to 82.2 g/t of gold. 

READ: Cabral Gold unveils more encouraging finds from Cuiú Cuiú gold project sampling

This anomaly suggests that Medusa could be a significant mineralized zone and may in part explain why so much placer gold was historically extracted from the adjacent stream which drains to the north.

Regional RTP 1VD magnetic composite map showing location of the Dona Moca target relative to the existing deposits at MG and Central, and the Medusa and Alonso targets

Drilling at Medusa is expected to commence in the next few days, the company said.

Additionally, the firm delivered results from the initial three reverse circulation (RC) holes drilled at the Alonso high-grade boulder target. Two of the three holes were drilled 150 meters east of the high-grade boulders at Alonso while the third was drilled south of the target, the company said. These initial holes did not intersect any high-grade gold mineralization, and results are pending an additional twelve RC holes as the current drill program continues.

"The identification of another new high-grade gold target at Dona Moca and a significant gold-in-soil anomaly at Medusa are both positive developments that continue to highlight the potential for discovering additional gold deposits in the eastern part of the Cuiú Cuiú concession area,” CEO Alan Carter said in a statement.

 “The current drill program will test at least 10 different targets at Cuiú Cuiú and will take several months to complete. Whilst the first three RC holes at the initial Alonso target did not intercept high-grade mineralization at depth, results are pending on 12 additional drill holes, and we remain committed to identifying the source of the high-grade boulders on surface."

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

Quick facts: Cabral Gold Inc

Price: 0.6 CAD

TSX-V:CBR
Market: TSX-V
Market Cap: $71.67 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Cabral Gold Inc named herein, including the promotion by the Company of Cabral Gold Inc in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Cabral Gold identifies new high-grade zone north of Medusa at Cuiu Cuiu...

Cabral Gold (CVER: CBR-OTC: CBGZF) CEO Alan Carter joined Steve Darling from Proactive with news drilling on the Cuiu Cuiu projects has turned up another high-grade zone. Carter telling Proactive about this new zone located North of the Medusa Target. He also told Proactive about a new drill...

8 hours, 57 minutes ago

2 min read