Welcome to our dedicated page for Cabral Gold news (Ticker: CBGZF), a resource for investors and traders seeking the latest updates and insights on Cabral Gold stock.
Cabral Gold Inc. (CBGZF) maintains an active exploration program focused on gold discoveries in Brazil's prolific Cuiú Cuiú district. This page aggregates official corporate announcements, technical updates, and operational developments related to their NI 43-101 compliant resource expansion efforts.
Investors and industry observers will find verified updates on drilling campaigns, metallurgical test results, and strategic initiatives. The curated news collection provides essential context for understanding the company's progress in advancing heap leach processing targets and upgrading mineral estimates through systematic exploration programs.
Key updates include resource definition drilling results, pre-feasibility study milestones, and corporate developments affecting the company's Brazilian gold projects. All content is sourced from official disclosures to ensure regulatory compliance and factual accuracy.
Bookmark this page for streamlined access to Cabral Gold's latest technical reports and strategic announcements. Regular monitoring helps stakeholders track the evolution of their gold resources and exploration methodology in northern Brazil's emerging mining district.
Cabral Gold (CBGZF) has announced significant drill results from the Machichie NE target in Brazil's Cuiú Cuiú Gold District. The highlight is drill hole RC520, which returned exceptional grades of 12m @ 27.7 g/t gold from 42m depth, including 5m @ 65.5 g/t gold within a wider zone of 22m @ 15.9 g/t gold.
The high-grade mineralized zone extends approximately 200m along strike and remains open in all directions. Notable previous drilling results include RC421 with 11m @ 33.0 g/t gold, RC449 with 6m @ 13.3 g/t gold, and DDH331 with 5m @ 24.5 g/t gold. The Machichie NE target is located 150m northeast of the Machichie Main gold deposit and 650m north of the MG gold deposit.
The company is currently operating two RC rigs and exploring several targets including Jerimum Cima, Central SE, and Pau da Merenda, while updating the Machichie - Machichie NE resource model.
Cabral Gold (CBGZF) has announced significant drilling results from the Machichie Main gold deposit in Brazil's Cuiú Cuiú Gold District. Key findings include drill hole RC0515 yielding 10m @ 2.2 g/t gold from surface and 3m @ 15.9 g/t gold from 16m depth in oxide material. Additionally, RC0504 returned 12m @ 3.1 g/t gold including 3m @ 11.2 g/t gold.
A notable discovery includes a previously unrecognized mineralized zone located 40m north of the main Machichie structure, which remains open to the east and west. The Machichie Main zone, situated 500m north of the MG gold deposit, currently has a preliminary Inferred resource estimate of 3.73 million tonnes @ 0.5 g/t gold for oxide material.
Trench results continue to show high-grade gold mineralization, with CT054 returning 13m @ 2.3 g/t gold including 5m @ 5.8 g/t gold in saprolite material. The ongoing drilling program aims to upgrade Inferred resources to Indicated status for inclusion in the mine plan for the heap-leach starter operation.
Cabral Gold (TSXV: CBR) (OTC: CBGZF) has announced significant assay results from its Machichie Main gold deposit in Brazil's Cuiú Cuiú Gold District. Surface trench CT051 yielded impressive results of 20m @ 3.6 g/t gold, including 4m @ 15.7 g/t gold in surface oxide material. Additional trench CT052, located 150m west, returned 7m @ 0.8 g/t gold.
Notable RC drill results include:
- 4m @ 3.9 g/t gold (including 1m @ 10.6 g/t)
- 4m @ 3.1 g/t gold (including 1m @ 10.6 g/t)
- 7m @ 1.5 g/t gold
- 1m @ 9.9 g/t gold
The drilling program aims to upgrade the current Inferred resource of 3.73Mt @ 0.5 g/t gold to Indicated status for inclusion in the mine plan for the heap-leach starter operation. Results confirm significant mineralization continuity both in near-surface oxide material and underlying fresh rock.
Cabral Gold (CBGZF) provided an update on its Cuiú Cuiú gold district operations in Brazil. Two drill rigs are currently active: one focusing on upgrading gold-in-oxide Inferred resources at Machichie Main, and another conducting exploration at various targets including Machichie NE, where previous drilling yielded 11m @ 33 g/t gold.
The company contracted Ausenco Brazil to update the PFS on the initial heap leach starter operation, aiming to reduce capital and operating costs while increasing mining rate and plant capacity. The previous PFS showed an after-tax IRR of 47.3% and NPV5 of US$25.2 million, with development capex estimated at US$37.4 million.
The company appointed John Sestan as VP Project Development to oversee the gold-in-oxide heap-leach starter operation. Results are pending on 18 drill holes, and metallurgical tests are planned for Q2 2025. The company is also pursuing discussions regarding project financing and ECPM contracts.
Cabral Gold reports significant progress at the Cuiú Cuiú gold district in Brazil during 2024. Key developments include the Machichie NE discovery with high-grade gold findings (11m @ 33g/t gold), and completion of a Pre-Feasibility Study (PFS) for an initial starter operation showing an after-tax IRR of 47.3% and NPV5 of US$25.2M, with estimated capex of US$37.4M.
The company identified a fifth gold-in-oxide blanket at Jerimum Cima, with promising trench results. Notable drilling results were reported at the Central gold deposit and Machichie Main zone. The company successfully raised $4.36M through private placements and strengthened its management team.
For 2025, Cabral plans a two-stage development strategy, focusing on near-term production to generate cash flow for expanded drilling programs. Immediate priorities include upgrading Inferred oxide resources to Indicated status and completing detailed engineering.
Cabral Gold has filed a National Instrument 43-101 technical report for the Prefeasibility Study on the Gold-in-Oxide Starter Operation at the Cuiú Cuiú Gold Project in Pará State, Brazil. The report, led by Ausenco do Brasil Engenharia, is available on SEDAR and the company's website. The results are consistent with those previously announced in the October 21, 2024 news release, with no material differences reported.
Cabral Gold has identified a fifth gold-in-oxide blanket at the Jerimum Cima target within Brazil's Cuiú Cuiú Gold District. Surface trench CT050 returned significant results including 18m @ 1.9 g/t gold with 1m @ 22.8 g/t gold, and 0.8m @ 47.6 g/t gold. The new blanket extends over 900 x 1000 metres, joining four other gold-in-oxide blankets: Central, MG, PDM, and Machichie. Previous reconnaissance drilling in the area showed promising results, with intercepts including 14m @ 1.6 g/t gold and 20m @ 1.2 g/t gold. This discovery could positively impact the recent pre-feasibility study for a starter heap-leach operation.
Cabral Gold (TSXV: CBR) (OTC Pink: CBGZF) announces a non-brokered private placement to raise up to $3 million through the issuance of 10 million units at $0.30 per unit. Each unit includes one common share and half a warrant, with each full warrant exercisable at $0.45 for two years. The company may pay finder's fees up to 6% of gross proceeds. Funds will be used for general corporate purposes and to complete drilling and detailed engineering following a recent pre-feasibility study on a starter operation targeting weathered gold-in-oxide material at the Cuiú Cuiú gold district.
Cabral Gold announced significant drill results from the Machichie NE target and Central gold deposit in Brazil. At Machichie NE, diamond drill hole DDH331 returned impressive intersections of 5m @ 24.5 g/t gold including 2m @ 60.5 g/t gold, extending the mineralized zone to at least 200m along strike. The zone remains open in all directions.
At the Central gold deposit, RC drilling outside the current pit shell yielded notable results, including 56m @ 0.85 g/t gold in RC0475 and 41m @ 0.37 g/t gold in RC0476. These results suggest potential for upgrading significant Inferred gold-in-oxide resources to Indicated resources, which could be included in an updated mine plan.
Cabral Gold announced a positive Prefeasibility Study (PFS) for its Cuiú Cuiú gold project in Brazil. The PFS, led by Ausenco do Brasil Engenharia, indicates a strong after-tax IRR of 47.3% and an NPV5 of $25.2 million for a 720,000 tonne/year starter operation using open-pit mining and heap-leach processing. At the current spot gold price of $2,710/oz, the IRR increases to 82.6% and NPV5 to $49.3 million. The project has a 4.5-year mine life with an 18-month payback period. Initial resources include 418,000 tonnes of ore at 1.38 g/t gold. Average annual gold production in the first 2 years is 19,700 ounces at an AISC of $1,003/oz. Development Capex is $37.4 million. The project offers significant expansion potential with further drilling. The company aims to achieve an investment decision by Q2 2025 and start production by mid-2026.
