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TICKERS: CBR; CBGZF

Explorer Identifies High-Grade Vein Array at Brazil Gold Project
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This structure is located in the Machichie Southwest area of Cabral Gold's Cuiú Cuiú property.

Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTCMKTS) announced in a news release it identified at least six high-grade veins at its Cuiú Cuiú gold project in Brazil and secured a second reverse circulation rig to drill the growing number of targets.

This "is a truly exciting development and adds to the potential of this particular part of the Cuiú Cuiú District," CEO Alan Carter said in the release.

The Canadian explorer discovered these northeast-trending vein structures, located in the Machichie Southwest area that is immediately north of the MG deposit, by the recent mapping of the area.

Cabral expressed confidence that Machichie Southwest is a separate vein structure from Machichie, which was drilled in 2019, and is one of an array of at least six parallel high-grade veins. The other five are Filão de Amor to the west, and Zezinho, Hamilton Novo, Maranhão West and Maranhão East to the east.

One of two holes drilled at Machichie Southwest in 2019 returned 3.4 meters of 36.9 g/t gold. Surface samples from Filão de Amor returned values ranging from 8.4 to 38.8 g/t gold.

Zezinho surface samples showed 1.6 g/t and 20.4 g/t gold. Trenching of the Hamilton Novo vein returned 5.8 meters (5.8m) of 16 g/t gold at surface and 3m of 7.4 g/t gold in a historical drill hole. The intercept remains open along strike and downdip.

Grab samples returned 21.4 grams per ton (21.4 g/t) gold from the Maranhão West vein and 15.3 g/t gold from the Maranhão East vein.

"These new veins could contain a very large amount of high-grade gold mineralization, and the addition of a second reverse circulation drill rig on the project will allow us to advance on two targets simultaneously," Carter added.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Cabral Gold. Click here for important disclosures about sponsor fees.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Cabral Gold, a company mentioned in this article.




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