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Cabral Gold completes first two holes at the Machichie target at Cuiu Cuiu project

The holes traced quartz veins around 50m (meters) vertically below the base of artisanal workings
Mining camp in Brazil
The camp at the Cuiu Cuiu project in Brazil

Cabral Gold Inc (CVE:CBR) said the first two holes at the Machichie target at its Cuiu Cuiu project in northern Brazil had been completed.

The holes traced quartz veins around 50m (meters) vertically below the base of artisanal workings and samples are about to be sent for analysis.

Meanwhile, new assays from surface samples collected late in 2018 along strike from these artisanal workings included a grab sample of 356g/t (grams per ton) gold, 198 g/t silver, 1% copper and 0.1% molybdenum, collected from stockpiles at the principal shaft.

The Machichie target lies just 500m (meters) north of the MG deposit, which is currently the second largest gold deposit known at Cuiu Cuiu, with an inferred resource of 8.6 million tonnes at 1.45g/t (grams per ton) gold.

"The recent surface channel sampling results and the auger geochemical target suggest the presence of a significant mineralized structure to the immediate north of the MG deposit," said Alan Carter, the president and CEO  of Cabral.

He added that the presence of higher copper and molybdenum values, along with the gold, is unique so far amongst the various targets at Cuiu Cuiu.

"The diamond drill campaign will add valuable information regarding the depth projection of the Machichie structure and the significance of the copper-molybdenum-gold signature at Machichie East. We look forward to the drill results of the program," said Carter.

Contact Giles at [email protected]

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