In a news release, Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTCBB) announced it identified a new high-grade target, Dona Moca, at its Cuiú Cuiú gold project in Brazil.
Dona Moca showed visible gold and gold grades of 108.3 grams per ton (108.3 g/t), 32.0 g/t, 21.9 g/t and 3.9 g/t in surface grab samples collected over a 65 meter long area. "The source of these grab samples is currently unknown and further soil sampling and surface trenching is planned. It is significant that the samples were collected at the northern end of a major placer working which extends at least 2km upstream to the south. A range of vein cobble types are seen in the drainage suggesting a multi-phase hydrothermal event, with the grey quartz returning the highest grades," the company noted.
The new Dona Moca target is 1.6 kilometers (1.6 km) to the east-northeast of Cuiú Cuiú's Medusa target.
As for Medusa, 1,080 soil samples revealed a "large coherent gold-in-soil anomaly," the release noted, which trends to the east-southeast and extends for at least 1.4 km. This suggests that Medusa may be a significant concealed mineralized zone. Cabral intends to start drilling at Medusa shortly.
These both are "positive developments that continue to highlight the potential for discovering additional gold deposits in the eastern part of the Cuiú Cuiú concession area," President and CEO Alan Carter said in the release.
Cabral also reported that the first three reverse circulation holes drilled at Alonso did not encounter any high-grade gold mineralization. One of the holes was drilled south of Alonso whereas the other two were drilled 150 meters east of the high-grade boulders at the target. Cabral drilled 12 additional holes at Alonso, the results of which are pending.
"We remain committed to identifying the source of the high-grade boulders on surface," Carter added.
The Canadian explorer continues its drill program at Cuiú Cuiú, in which it aims to test a minimum of 10 targets. A second rig will arrive at the property this week to begin drill testing many of the recently discovered veins in the Machichie SW and Machichie area.
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