Cabral Gold Drills 6m @ 13.3 g/t Gold in Step-Out Hole at the Machichie NE Target, Cuiú Cuiú Gold District, Brazil
Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) has announced promising drill results from the Machichie NE target in the Cuiú Cuiú Gold District, Brazil. Key highlights include:
1. RC0449 returned 6m @ 13.3 g/t gold, including 1m @ 77.5 g/t gold, extending the high-grade zone discovered in RC0421.
2. Multiple holes revealed significant gold-in-oxide mineralization in near-surface saprolite.
3. RC0451 yielded 5m @ 2.2 g/t gold in saprolite and 16m @ 0.36 g/t gold in blanket soils.
4. RC0453 returned 30m @ 0.55 g/t gold in blanket sediments and saprolite.
These results suggest a significant new gold discovery at Machichie NE, with potential to add to both primary hard rock and gold-in-oxide resources. The mineralized zone remains open in all directions and at depth, indicating promising prospects for expanding the Cuiú Cuiú district's global resource base.
Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) ha annunciato risultati di perforazione promettenti dal target Machichie NE nel Distretto di Oro Cuiú Cuiú, Brasile. I punti salienti includono:
1. RC0449 ha restituito 6m @ 13.3 g/t oro, inclusi 1m @ 77.5 g/t oro, estendendo la zona ad alta legge scoperta in RC0421.
2. Molti fori hanno rivelato una significativa mineralizzazione di oro in ossido nel saprolite vicino alla superficie.
3. RC0451 ha prodotto 5m @ 2.2 g/t oro nel saprolite e 16m @ 0.36 g/t oro nei terreni a coperta.
4. RC0453 ha restituito 30m @ 0.55 g/t oro nei sedimenti a coperta e nel saprolite.
Questi risultati suggeriscono una significativa nuova scoperta d'oro a Machichie NE, con il potenziale di aumentare sia le risorse primarie a roccia dura che quelle di oro in ossido. La zona mineralizzata rimane aperta in tutte le direzioni e in profondità, indicando prospettive promettenti per espandere la base globale di risorse del distretto di Cuiú Cuiú.
Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) ha anunciado resultados de perforación prometedores del objetivo Machichie NE en el Distrito de Oro Cuiú Cuiú, Brasil. Los puntos destacados incluyen:
1. RC0449 devolvió 6m @ 13.3 g/t de oro, incluyendo 1m @ 77.5 g/t de oro, extendiendo la zona de alta ley descubierta en RC0421.
2. Varios pozos revelaron una significativa mineralización de oro en óxido en saprolito cercano a la superficie.
3. RC0451 produjo 5m @ 2.2 g/t de oro en saprolito y 16m @ 0.36 g/t de oro en suelos de cobertura.
4. RC0453 devolvió 30m @ 0.55 g/t de oro en sedimentos de cobertura y saprolito.
Estos resultados sugieren un nuevo descubrimiento significativo de oro en Machichie NE, con potencial para aumentar tanto los recursos primarios de roca dura como los de oro en óxido. La zona mineralizada sigue abierta en todas las direcciones y en profundidad, indicando perspectivas prometedoras para expandir la base global de recursos del distrito de Cuiú Cuiú.
Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF)는 브라질 Cuiú Cuiú 금광구의 Machichie NE 타겟에서 유망한 드릴 결과를 발표했습니다. 주요 내용은 다음과 같습니다:
1. RC0449는 6m @ 13.3 g/t 금을 기록했으며, 이 중 1m @ 77.5 g/t 금이 포함되어 있어 RC0421에서 발견된 고품위 지역을 확장했습니다.
2. 여러 개의 구멍이 표면 가까이에 있는 사프로라이트에서 상당한 금-산화물 광물이 존재함을 드러냈습니다.
3. RC0451은 사프로라이트에서 5m @ 2.2 g/t 금과 블랭킷 토양에서 16m @ 0.36 g/t 금을 산출했습니다.
4. RC0453은 블랭킷 퇴적물과 사프로라이트에서 30m @ 0.55 g/t 금을 기록했습니다.
이들 결과는 Machichie NE에서 상당한 새로운 금 발견을 시사하며, 원석과 금-산화물 자원 모두를 증가시킬 가능성이 있습니다. 광물화된 지역은 모든 방향과 깊이에 열려 있어 Cuiú Cuiú 지역의 글로벌 자원 기반을 확장할 수 있는 유망한 전망을 나타냅니다.
Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) a annoncé des résultats de forage prometteurs de la cible Machichie NE dans le District Aurifère de Cuiú Cuiú, au Brésil. Les points clés incluent:
1. RC0449 a retourné 6m @ 13.3 g/t d'or, y compris 1m @ 77.5 g/t d'or, prolongeant la zone de haute teneur découverte dans RC0421.
2. Plusieurs forages ont révélé une minéralisation significative d'or en oxyde dans le saprolite proche de la surface.
3. RC0451 a produit 5m @ 2.2 g/t d'or dans le saprolite et 16m @ 0.36 g/t d'or dans les sols de couverture.
4. RC0453 a retourné 30m @ 0.55 g/t d'or dans les sédiments de couverture et le saprolite.
Ces résultats suggèrent une nouvelle découverte d'or significative à Machichie NE, avec un potentiel d'ajout aux ressources primaires en roche dure et en or en oxyde. La zone minéralisée reste ouverte dans toutes les directions et en profondeur, ce qui indique des perspectives prometteuses pour l'expansion de la base mondiale des ressources du district de Cuiú Cuiú.
Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) hat vielversprechende Bohrergebnisse aus dem Zielgebiet Machichie NE im Cuiú Cuiú Gold Distrikt, Brasilien, bekannt gegeben. Die wesentlichen Punkte sind:
1. RC0449 lieferte 6m @ 13.3 g/t Gold, darunter 1m @ 77.5 g/t Gold, und erweiterte die hochgradige Zone, die in RC0421 entdeckt wurde.
2. Mehrere Bohrlöcher offenbarten eine signifikante Gold-in-Oxid-Mineralisierung in naher Oberfläche von Saprolit.
3. RC0451 ergab 5m @ 2.2 g/t Gold im Saprolit und 16m @ 0.36 g/t Gold in Deckensubstraten.
4. RC0453 lieferte 30m @ 0.55 g/t Gold in Deckensedimenten und Saprolit.
Diese Ergebnisse deuten auf eine bedeutende neue Goldentdeckung in Machichie NE hin, mit dem Potenzial, sowohl primäre Hartgesteins- als auch Gold-in-Oxid-Ressourcen zu erhöhen. Die mineralisierte Zone bleibt in alle Richtungen und in der Tiefe offen, was vielversprechende Aussichten für die Erweiterung der globalen Ressourcenbasis im Cuiú Cuiú Distrikt anzeigt.
- High-grade gold intercept of 6m @ 13.3 g/t gold in RC0449, extending the mineralized zone from previous high-grade discovery
- Multiple drill holes revealing significant gold-in-oxide mineralization in near-surface saprolite, potentially adding to oxide resources
- Mineralized zone remains open in all directions and at depth, suggesting potential for resource expansion
- Discovery of bonanza grades in primary granitic material, implying significant positive implications for adding to the global resource base
- None.
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2024) - Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) ("Cabral" or the "Company") is pleased to announce drill results from six additional follow-up RC holes at the Machichie NE target, Cuiú Cuiú Gold District, Brazil where recent drilling returned 11m @ 33 g/t gold.
Highlights
- RC0449 returned 6m @ 13.3 g/t gold from 79m depth in hard rock including 1m @ 77.5 g/t gold from 79m depth. This hole is a step-out hole from RC421 which was previously reported and intersected 11m @ 33.0 g/t gold from including 4m @ 89.3 g/t gold
- The high-grade intercept in RC0449 is believed to be the extension of the mineralized zone intersected in RC0421. RC0449 was collared 50m east of RC0421. This mineralized zone remains open in all directions and at depth
- RC0451 returned 5m @ 2.2 g/t gold from 19m depth in saprolite and also 16m @ 0.36 g/t gold from surface in overlying blanket soils and sediments
- RC0453 returned 30m @ 0.55 g/t gold from 15m depth in blanket sediments and saprolite and 18m @ 0.33 g/t gold from 51.0m depth in saprolite. RC0450 returned 12m @ 0.61 g/t gold from 1m depth and 3m @ 2.4 g/t gold from 25.0m depth in saprolite, which along with RC0451 and RC0453 indicates the presence of significant gold-in-oxide mineralization in the saprolite at Machichie NE
Alan Carter, Cabral's President and CEO commented, "These follow up drill results are part of an ongoing follow-up drill program at Machichie NE aimed at determining the continuity and extent of the high-grade mineralized zone recently intersected in RC0421 which returned 11m @ 33.0 g/t gold including 4m @ 89.3 g/t gold. The results from RC0449 clearly indicate continuity of the high-grade zone to the east and the zone remains open in all directions and at depth. These results also reveal the presence of lower grade gold mineralization in near surface saprolite material at Machichie NE particularly to the southeast. This again has positive implications regarding the potential for adding near-surface oxide resources at Machichie NE. These latest results continue to suggest that we have made a significant new gold discovery at Machichie NE within the Cuiú Cuiú Gold District. There is excellent potential to add ounces to both the primary hard rock gold resources, as well as the gold-in-oxide resource base.
It is highly encouraging that as we continue our drill program, which is primarily aimed at adding near-surface oxide resources which could be amenable to trial mining and heap-leach processing, we are also making exciting new discoveries in the primary granitic bedrock at Cuiú Cuiú. This continues to add to the growing body of evidence suggesting that the global resource base within the Cuiú Cuiú district should grow significantly in the future."
Machichie NE Drill Results
The Machichie NE target is one of at least three targets (Machichie West, Machichie Main and Machichie NE) within the Machichie area which is located approximately 500m north of the E-W trending MG gold deposit. (Figure 1). None of the Machichie targets currently have defined resources due to insufficient drilling. However, mineralization at Machichie Main has been traced for 1.5km along strike in an E-W direction and is open in all directions and at depth. Previous drill results at Machichie Main include 34m @ 5.4 g/t, 6.4m @ 11.6 g/t and 45m @ 1.0 g/t gold.
Figure 1 Map showing location of known gold deposits; Central, MG and JB (in blue) at Cuiu Cuiu, as well as the location of the Machichie Main zone and Machichie NE discoveries. The PDM discovery, located 1.5km NW of Central, is also shown, as well as the main exploration targets (yellow dots) and distribution of historic placer gold workings (pale yellow outlines).
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Recent drilling at Machichie NE intersected a previously unknown zone of high-grade gold mineralization within basement saprolite and fresh basement (see press release dated May 30, 2024) with RC0421 returning 11m @ 33.0 g/t gold from 50m to 61m depth, including 4m @ 89.3 g/t gold. The objective of the current follow-up drill program at Machichie NE is to determine the orientation as well as establish the lateral and vertical extent of this mineralized zone. Whilst the focus of the current drilling remains on adding resources to the near surface gold-in-oxide inventory, the discovery of bonanza grades in primary granitic material at Machichie NE clearly has significant positive implications for adding to the global resource base at Cuiú Cuiú.
Drill hole RC449 was collared 50m to the east of RC0421 and drilled to the southwest and intersected 6m @ 13.3 g/t gold from 79m depth in fresh basement rock including 1m @ 77.5 g/t gold from 79m (Table 1, Figures 2 and 3). RC0449 ended in mineralization grading 0.5 g/t gold. This is interpreted to be the same high-grade mineralized zone intersected in hole RC0421. Whilst the orientation of the zone has not been confirmed and additional drilling is required, an interpretation of the magnetic data for this area suggests that mineralization may have been focused at the intersection of NE and NW trending structures.
Figure 2: Map showing Machichie NE target and location of both previous drill holes and current drill holes with results reported here and previous significant drill results. Background is Total Magnetic Intensity RTP. See Figures 3 and 4 for sections A-A' and B-B'. Terms; g/t = grams / tonne, m = metres, Au = gold
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Figure 3: NE-SW Section through the Machichie NE target showing the location of hole RC0449 which cut 6m @ 13.3g/t gold including 1m @ 77.5 g/t gold and previous drill results including RC0421 which returned 11m @ 33g/t gold. Note that the mineralized zone remains open in all directions and at depth. Terms; g/t = grams / tonne, m = metres, ppm = parts per million or grams / tonne, Au = gold
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Three RC holes drilled to the SE of RC0449 all cut significant intervals of lower grade gold mineralization in saprolite and/or blanket sediments, highlighting the potential for significant near-surface gold-in-oxide mineralization at Machichie NE. Notable intercepts include 5m @ 2.2 g/t gold from 19m depth in saprolite and 16m @ 0.36 g/t gold from surface in blanket soils and sediments in RC0451.
RC0453 also returned 30m @ 0.55 g/t gold from 15m depth and 18m @ 0.33 g/t gold from 51m depth in saprolite (Figure 2 and Figure 4). In addition, RC0450 returned 12m @ 0.61 g/t gold from 1m depth and 3m @ 2.4 g/t gold from 25m.
As with the zone of bonanza grade mineralization in the hard-rock at Machichie NE, the overlying gold-in-oxide mineralization identified in the blanket sediments and underlying saprolite, remains open in all directions.
Figure 4: N-S Section through the Machichie NE target showing the location of hole RC0453 which cut 30m @ 0.55g/t gold in weathered saprolite material. Results are pending on RC455 and RC456. Note that the mineralized zone remains open in all directions and at depth. Terms; g/t = grams / tonne, m = metres, ppm = parts per million or grams / tonne, Au = gold
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Brian Arkell, Cabral's Vice President Exploration and Technical Services commented: "RC0449 establishes good continuity of the high-grade zone from RC0421, some 50 metres down dip and along strike. Two diamond drill holes are in progress now to test this zone further. In addition to this high-grade structure, several other holes returned impressive results in the saprolite, as well as quartz stockwork mineralization in the primary granitic bedrock. This mineralization is still open to the east where we have completed a fence of drill holes and are expecting results shortly."
Table 1 summarizes the significant drill intercepts within the six holes reported in this press release. Cabral is currently drilling at the Machichie NE target with a view to determining the extent of the new mineralized zone which is beginning to emerge. Additional drill results from 6 RC holes and 2 diamond drill are pending. Drilling has also commenced at the Central gold deposit aimed at upgrading Inferred category resources in the saprolite to the Indicated category.
| Drill Hole | Weathering | From | to | Width | Grade | ||
| # | m | m | m | g/t gold | |||
| RC0449 | Rock | 79.0 | 85.0 | 6.0 | 13.3 | ||
| incl | 79.0 | 80.0 | 1.0 | 77.5 | |||
| EOH | 85.0 | ||||||
| RC0450 | Blanket/Saprolite | 1.0 | 13.0 | 12.0 | 0.61 | ||
| Saprolite | 25.0 | 28.0 | 3.0 | 2.4 | |||
| 35.0 | 36.0 | 1.0 | 0.67 | ||||
| EOH | 43.0 | ||||||
| RC0451 | Blanket | 0.0 | 16.0 | 16.0 | 0.36 | ||
| Saprolite | 19.0 | 24.0 | 5.0 | 2.2 | |||
| 33.0 | 36.0 | 3.0 | 0.27 | ||||
| EOH | 85.0 | ||||||
| RC0452 | Saprolite | 41.0 | 43.0 | 2.0 | 1.8 | ||
| EOH | 70.0 | ||||||
| RC0453 | Blanket/Saprolite | 15.0 | 45.0 | 30.0 | 0.55 | ||
| Saprolite/rock | 51.0 | 69.0 | 18.0 | 0.33 | |||
| Rock | 74.0 | 75.0 | 1.0 | 0.43 | |||
| 79.0 | 80.0 | 1.0 | 0.47 | ||||
| EOH | 82.0 | ||||||
| RC0454 | N.S.V. | ||||||
| EOH | 52.0 | ||||||
Table 1: Drill results from RC drill holes RC449 to RC454 at the Machichie NE target.
About Cabral Gold Inc.
The Company is a junior resource company engaged in the identification, exploration and development of mineral properties, with a primary focus on gold properties located in Brazil. The Company has a
The Tapajós Gold Province is the site of the largest gold rush in Brazil's history which according to the ANM (Agência Nacional de Mineração or National Mining Agency of Brazil) produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest area of placer workings in the Tapajós and produced an estimated 2Moz of placer gold historically.
FOR FURTHER INFORMATION PLEASE CONTACT:
"Alan Carter"
President and Chief Executive Officer
Cabral Gold Inc.
Tel: 604.676.5660
Technical information included in this release was supervised and approved by Brian Arkell, B.S. Geology and M.S. Economic Geology, SME (Registered Member), AusIMM (Fellow) and SEG (Fellow), Cabral Gold's Vice President, Exploration and Technical Services, and a Qualified Person under NI 43-101.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of the words "will", "expected" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct.
Notes
Gold analysis has been conducted by SGS method FAA505 (fire assay of 50g charge), with higher grade samples checked by FAA525. Analytical quality is monitored by certified references and blanks. Until dispatch, samples are stored under the supervision the Company's exploration office. The samples are couriered to the assay laboratory using a commercial contractor. Pulps are returned to the Company and archived. Drill holes results are quoted as down-hole length weighted intersections.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217639
FAQ
What were the key drill results from Cabral Gold's Machichie NE target?
How does the recent drilling at Machichie NE impact Cabral Gold's (CBGZF) resource potential?
What is the significance of the gold-in-oxide mineralization found in the Machichie NE target for Cabral Gold (CBGZF)?
What are Cabral Gold's (CBGZF) next steps following these drill results at Machichie NE?
