Cabral Gold Inc (CVE:CBR) updated investors on drilling at Machichie, the first target at its Cuiú Cuiú project in Brazil and issued very encouraging sampling results from the Quebra Bunda target, also located at the property.
Six diamond holes have so far been completed at Machichie, and results are pending, the Vancouver-based firm said in a statement.
Surface sampling has returned values of 52.5 g/t (grams per ton) gold over 0.9m and 23.8 g/t gold over 1.35m. The targeted structures Cabral is focusing on having never been drill tested.
Drilling has now moved to the Machichie East target where a significant Cu-Mo-Au (copper, molybdenum, gold) anomaly has been identified from a program of shallow auger drilling.
Meanwhile, the Quebra Bunda target lies 1km to the north of Cabral's MG resource at Cuiú Cuiú, adjacent to the north-west trending Tocantinzinho Lineament where the company has recently defined several new high-grade gold targets from rock chip and channel sampling programs.
Notably, a composite rock chip sample from here returned an impressive 3,727 g/t (grams per ton) gold (119.8 ounces per ton) from a shear zone.
This represents the highest-grade sample ever returned from either surface rock chip geochemical sampling or diamond drill programs at Cuiú Cuiú.
"We are encouraged by the drilling thus far at Cuiú Cuiú and the initial Machichie target and look forward to receiving the drill results," said Alan Carter, the president and CEO of Cabral.
"The recent results from the Quebra Bunda target, which is located 1km north of the Moreira Gomes deposit, also highlight the prospectivity of the E-W structural trends at Cuiú Cuiú and add further credence to the potential for high-grade mineralization associated with prominent E-W trends observed in the geophysical data".
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