Vancouver, British Columbia – February 11, 2021 – Cabral Gold Inc. (“Cabral” or the Company”) (TSXV: CBR) (OTC: CBGZF) is pleased to provide initial assay results from follow-up drilling at the blind Machichie NE target, and to provide an update regarding ongoing follow-up drilling at the main Machichie target within the Cuiú Cuiú gold district in northern Brazil.

Highlights are as follows;

  • Drill results have been returned on four of five follow-up RC holes recently drilled at the Machichie NE target which is located 150m north of the Machichie discovery where step-out drilling completed in December 2020 returned 34m @ 5.4 g/t gold
  • Drill results include 8m @ 3.3 g/t gold17m @ 0.8 g/t gold including 4m @ 2.9 g/t gold, and 26m @ 0.5 g/t gold. These holes were designed to follow up a mineralized intercept from a single drill hole completed in 2019 which returned 15.9m @ 1.7 g/t gold including 0.5m @ 21.3 g/t gold
  • This follow-up drilling confirms the presence of another potentially significant mineralized structure just 150m north of Machichie and suggests that the structure has a sub-vertical dip and an E-W orientation, and is sub-parallel to the main Machichie zone
  • Drilling has re-commenced at the main Machichie target where four additional holes have been completed to the east of the recent step-out high-grade drill intercepts. Results are currently pending on four additional holes which extend for an additional 200m further east of the most easterly hole reported on January 7, 2021

Alan Carter, Cabral’s President and CEO commented, “The initial follow-up drill results from the Machichie NE target confirm the presence of another mineralized structure just 150m north of the Machichie discovery, which is highly encouraging. Whilst it is early days for this particular target, the close proximity to the recent Machichie discovery, and the fact that gold mineralization continues down-dip and extends along strike for at least 100m, suggests we could be on to another significant mineralized zone. Further drilling will be necessary to determine the size of the mineralized zone at this exciting emerging target. The Cuiú Cuiú district continues to both surprise and deliver exciting new targets, and we look forward to additional drill results on a number of high-grade targets in the coming months outside of the two known deposits of MG and Central”

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