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News Update


Resource Firm Confirms Another Mineralized Structure Exists at Brazil Project
News Update

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Cabral Gold indicates this finding at Cuiú Cuiú's Machichie NE target is "highly encouraging."

In a news release, Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTCMKTS) announced the results of follow-up drilling at the blind Machichie NE target at its Cuiú Cuiú project in Brazil.

These results are of four of five reverse circulation (RC) holes Cabral drilled at the target, 150 meters (150m) north of the Machichie discovery. The purpose was to further investigate the area that returned a mineralized intercept in 2019.

New highlight assays include 8m of 3.3 grams per ton (3.3 g/t) gold (hole RC45), 17m of 0.8 g/t gold including 4m of 2.9 g/t gold (hole RC42) and 26m of 0.5 g/t gold (hole RC43).

These results "confirm the presence of another potentially significant mineralized structure just 150m north of Machichie and suggests that the structure has a subvertical dip and an east-to-west orientation and is subparallel to the main Machichie zone," the release noted.

Results are pending for the fifth hole, RC46.

As for what is happening at and planned for the main Machichie structure, Cabral is now drilling there with the larger Prospector W750 RC rig. It completed four holes and is awaiting the results. After the company completes a fifth and final hole, it will drill several infill and stepout holes further west along Machichie.

After that, Cabral stated that it will shift its focus to the Machichie SW target area, where it will drill test a number of the northeast-trending, high-grade vein structures exposed on surface.

"The initial follow-up drill results from the Machichie NE target confirm the presence of another mineralized structure just 150m north of the Machichie discovery, which is highly encouraging," Cabral President and CEO Alan Carter said. "Whilst it is early days for this particular target, the close proximity to the recent Machichie discovery, and the fact that gold mineralization continues down-dip and extends along strike for at least 100m, suggests we could be on to another significant mineralized zone. Further drilling will be necessary to determine the size of the mineralized zone at this exciting emerging target."

"The Cuiú Cuiú district continues to both surprise and deliver exciting new targets, and we look forward to additional drill results on a number of high-grade targets in the coming months outside of the two known deposits of MG and Central," Carter concluded.


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.
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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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