Proactive Investors - Run By Investors For Investors

Cabral Gold commences initial diamond drill program at the Cuiu Cuiu project in northern Brazil

The Vancouver-based firm said the objective of the drilling program is to test several priority targets which have returned high-grade gold values on the surface
Gold
It pointed out that a total of nine separate targets are scheduled for drilling, of which six targets have never been previously drill tested

Cabral Gold Inc. (CVE:CBR) announced that it has commenced an initial diamond drill program at the Cuiu Cuiu project in northern Brazil.

In a brief statement, the Vancouver-based firm said the objective of the drilling program is to test several priority targets which have returned high-grade gold values on the surface.

READ: Cabral Gold identifies zone of gold mineralization in northern Brazil

It pointed out that a total of nine separate targets are scheduled for drilling, of which six targets have never been previously drill-tested, with a minimum of 2,400 metres and 20 holes planned.

On 19 November last year, Cabral - the junior resource company with a primary focus on gold properties located in Brazil – revealed that it had identified a new zone of gold mineralization at the Cuiu Cuiu project.

The company said then that samplings of initial trenches at the Mutum zone in the Central-Pau de Merenda corridor returned values of 1 gram per ton of gold over 32 meters (including 7.9 grams of gold over 2.5 meters) and 0.9 gram over 16.5 meters and 0.9 gram over 25.5 meters.

View full CBR profile View Profile

Cabral Gold Inc Timeline

Related Articles

1556717993_Vanadium-electrolyte-batteries.jpg
May 24 2019
Bushveld is hoping to increase vanadium production significantly following completion of South African deal
Lake Way in Western Australia's Goldfields
February 01 2019
The company expects to spend up to $5.5 million this quarter as it advances a sulphate of potash agenda.
Gold ingots
February 08 2019
The Brett gold property, which the company bought for $1.6 million in 2013, is a potential multi-million ounce system with multiple high grade targets.
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use