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Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) is a junior resource company focused on gold properties in Brazil. The Cuiú Cuiú gold district contains two main gold deposits with significant resources. Recent RC drilling at Central and MG gold deposits aims to upgrade and expand oxide resources. The ongoing prefeasibility study on weathered gold-in-oxide material shows promising results. Outstanding capex estimates are awaited, confirming higher grades in near-surface blanket and saprolite oxide material. Metallurgical testing indicates comparable gold recoveries with previous tests. Geotechnical drilling is in progress, with a focus on resource upgrades and design optimization. The PFS results are expected in mid-Q3 2024, with further drilling to explore additional zones for potential resource additions.
FAQ
What is the current stock price of CABRAL GOLD (CBGZF)?
The current stock price of CABRAL GOLD (CBGZF) is $0.169 as of January 10, 2025.
What is the market cap of CABRAL GOLD (CBGZF)?
The market cap of CABRAL GOLD (CBGZF) is approximately 32.9M.
What is Cabral Gold Inc. focused on?
Cabral Gold Inc. is a junior resource company with a primary focus on gold properties located in Brazil.
What results have been obtained from recent RC drilling at Central and MG gold deposits?
The recent RC drilling aims to upgrade and expand oxide resources, demonstrating promising results with higher grades in near-surface blanket and saprolite oxide material.
What is the status of the ongoing prefeasibility study at Cabral Gold Inc.?
The prefeasibility study is making good progress, with Ausenco advising that it is 87% complete. The study focuses on the economic viability of mining and heap-leach processing of the gold-in-oxide weathered material at the Central and MG gold deposits.
What do the metallurgical test results indicate?
Metallurgical testing reveals comparable gold recoveries with previous tests, suggesting promising outcomes for the processing of oxide ore from the MG and Central gold deposits.
What is Cabral Gold Inc.'s strategy for further resource exploration and design optimization?
Cabral Gold Inc. is conducting geotechnical drilling to facilitate resource upgrades and design optimization as part of the ongoing prefeasibility study. Further drilling is planned to explore additional zones for potential resource additions.
When can we expect the results of the prefeasibility study?
The results of the prefeasibility study are expected to be released during mid-Q3 2024, providing insights into the economic viability and potential enhancements of the oxide material at the Central and MG gold deposits.