| Announcement Date: | 2022-10-24 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Cabral Gold Inc. |
| Project name: | Cuiu Cuiu |
| Location: | Brazil |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 10.3m at 3.0g/t Au from 63.5m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, British Columbia–(Newsfile Corp. – October 24, 2022) – Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) (“Cabral” or the “Company”) is pleased to provide assay results from eight diamond-drill holes testing the Machichie Main zone within the Cuiú Cuiú gold district. The discoveries at the Machichie Complex were not included in the recent mineral resource estimate (see press release dated September 30, 2022). Highlights are as follows The Machichie target is located 500m north-west of the MG gold deposit (Figure 1). Previous drilling at the Machichie Main zone identified a persistent mineralized zone which is east-trending and dips steeply to the north. This main zone consists of parallel high-grade core zones surrounded by a low-grade alteration envelope. This is similar in style to the bedrock gold deposits at MG and Central as well as the recently announced PDM basement discovery |
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