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News Update


Explorer's Channel Samples Find Outcropping High-Grade Mineralization at Brazilian Gold District Target
News Update

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Cabral Gold's channel samples at the JM target provide "further evidence that numerous high-grade veins occur within the Cuiú Cuiú district."

In a news release, Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTCMKTS) reported surface sampling results from drilling operations at its Jerimum Meio (JM) target located within the Cuiú Cuiú gold district in northern Brazil. The firm additionally provided a status update for its current drill program for its ongoing projects at Cuiú Cuiú.

Cabral Gold stated that surface reconnaissance work helped identify an open-ended east-west trending vein structure at the JM target and reported that channel sampling in this area returned 0.9 meters of 35.3 g/t gold. The company added that surface level grab sampling completed in December 2020 at the JM vein structure target returned gold values of 23.7, 42.6, 126.4, 145.8, 162.2 and 700.2 g/t.

Cabral Gold's President and CEO Alan Carter remarked, "The identification of outcropping high-grade quartz-sulphide mineralization at the JM target is further evidence that numerous high-grade veins occur within the Cuiú Cuiú district. Unlike other recently identified targets in the eastern part of the district, the high-grade gold mineralization at JM is exposed on surface which allows us to much more confidently predict the location and orientation of the mineralized structure at depth at this previously undrilled target."

"Drilling of this target, which was originally planned for early February, is likely to be delayed until mid-late February. due to a recent outbreak of Covid-19 at our reconnaissance drill camp. Thankfully all of the affected personnel are exhibiting only mild symptoms. Follow-up drilling is continuing at the Machichie NE target which is located immediately north of the MG gold deposit," Carter said.

The firm noted that the JM target at Cuiú Cuiú is located near the MG deposit and the Machichie discovery where recent drill results returned 34 meters of 5.4 g/t gold, including 13 meters of 13.4 g/t gold. The company stated that the JM target has never before been drill-tested though recent surface sampling has revealed an outcropping quartz vein that it runs adjacent to a stream where abundant placer gold was previously recovered.

The company advised that its reconnaissance drill program initiated to test the Indio target has been temporarily halted due to a Covid-19 outbreak at a secondary base camp. The firm indicated that 10 employees there tested positive for Covid-19 and have been isolated after exhibiting mild symptoms. The company stated it has implemented a series of strict measures to stop the spread of the disease on site.

The firm reported that it has completed drilling two of the initial six holes planned for the Indio target and that recent surface float samples of quartz-sulphide mineralization from Indio returned values ranging from between 7.7 to 29.3 g/t Au and that one other sample returned 137.8 g/t Au.

Cabral indicated that follow-up drilling is proceeding at the Machichie NE target and that a single hole drilled at this location in 2019 yielded 15.9 m of 1.7 g/t Au that contained 0.5 m of 21.3 g/t Au. The firm added that is presently awaiting data from five follow-up holes drilled at Machichie NE. The company advised that the follow-up drill staff are stationed in a different location than the reconnaissance drill crew and are being monitored regularly for any signs of Covid-19.


1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his 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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