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Cabral Gold intersects high-grade gold in recent drilling on the Central deposit in Brazil

Drilling at the Central gold deposit returned 34 intercepts with gold grades above 10 grams per ton

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The results indicate similarities between Central and the Moreira Gomes deposit

Cabral Gold Inc (CVE:CBR) intersected more high-grade gold at its flagship Cuiú Cuiú project in Brazil, thanks to recent drilling at two prospective deposits on the property. 

Drilling at the Central gold deposit returned 34 intercepts with gold grades above 10 grams per ton, including 12 assays over one ounce per ton gold. 

The new results come primarily from the Central deposit, where drilling was designed to test the continuity of mineralization at depth and along strike. 

READ: Cabral Gold confirms continuity of high-grade gold zones at MG deposit on the Cuiú Cuiú project in Brazil

One hole within the northern portion of the deposit returned 17.3 metres at 2.1 grams per ton (g/t) gold, including 6 metres at nearly 5 g/t gold from 130.5 metres.

Another hole intersected an upper and a lower mineralized zone and returned 39.6 metres at 1.3 g/t gold from 126.6 metres, including 3.6 metres at 6 g/t and 2 metres at 5 g/t gold. The lower zone 62.6m @ 0.8 g/t gold from 187.4m depth including 0.7m @ 10.7 g/t gold, 2.8m @ 5.4 g/t and 0.5m @ 12.0 g/t gold.

A third hole intersected 38.5m @ 1.5 g/t gold including 1.5m @ 6.0 g/t and 1.6m @ 8.6 g/t gold.

Defining high-grade resource

The results indicate similarities between Central and the Moreira Gomes (MG) deposit, according to Cabral’s CEO Alan Carter.

"These recent drill results from the Central deposit add to the recent results from the nearby MG zone, which confirmed that high-grade mineralization is continuous at depth and along strike,” Carter said in a statement.

“These results suggest that the same is likely to be true at Central, which is highly encouraging as we work towards defining a high-grade resource on the project."

Recent drill results from MG include 7.8m @ 18.5 g/t gold and 5.6m @ 13.0 g/t gold, which Cabral said provides “further proof” of at least two high-grade zones within the MG deposit.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

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Price: 0.255 CAD

TSX-V:CBR
Market: TSX-V
Market Cap: $24.25 m
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