Cabral Gold CEO: Resource Base at Cuiu Cuiu to Double

Cabral Gold (TSXV: CBR; OTCQB: CBGZF) CEO Alan Carter joins Kitco Mining to discuss the company’s Cuiú Cuiú project in Brazil’s Tapajós region, the site of the world’s largest gold rush. Between 1978 and 1995, approximately 30 million ounces of gold were extracted from rivers in this region, but most of the hard-rock sources remain undiscovered. Cuiú Cuiú was the largest camp and sits beside G Mining’s Tocantinzinho, now Brazil’s third-largest gold mine. In July 2025, Cabral published a pre-feasibility study on a small open-pit mine that could produce about 18,500 ounces of gold per year for just over six years. The project would cost US$37.7 million to build, with a payback of 10 months and an expected return of 78% at US$2,500/oz gold. At today’s price, Alan Carter says the return rises to about 140%. Stage One would focus on near-surface material and could generate roughly US$50 million a year to fund exploration. “We have three rigs turning right now,” Carter notes, with the aim of doubling current resources of 1.2 million ounces and starting production by the end of next year.