Cabral Gold: Identifies New High-Grade Veins and Adds Second Drill Rig at Cuiú Cuiú Gold District
Vancouver, British Columbia – September 24, 2020 – Cabral Gold Inc. (“Cabral” or the “Company”) (TSXV: CBR) (OTC: CBGZF) is pleased to announce the identification of at least six new NE trending high-grade veins in the Machichie SW area located immediately north of the MG deposit, at the Cuiú Cuiú gold district in northern Brazil. Highlights are as follows;
- Six new NE trending high-grade vein structures have been identified in the Machichie SW area as a result of recent mapping between the MG deposit and the Machichie target which was drilled during 2019
- Drilling in this area of the Cuiú Cuiú district returned 3.4m @ 36.9 g/t gold during 2019. Previously it was not known if this zone was the western faulted offset of the Machichie structure or a separate discrete mineralized structure. It is now clear that this drill intercept represents a separate mineralized vein structure which has been named Machichie SW
- Five other NE trending veins which are parallel to Machichie SW have now been mapped. These include Filão de Amor immediately to the west, and Zezinho, Hamilton Novo, Maranhão W and Maranhão E to the east. Grab samples from the Maranhão W and Maranhão E veins recently returned 21.4 g/t gold and 15.3 g/t gold, respectively
- Previously, trenching of the Hamilton Novo vein returned 5.8m @ 16.0 g/t gold on surface and 3.0m @ 7.4 g/t gold in a single historic drill hole, with the intercept open along strike and down-dip
- In order to test the increasing number of high-grade targets identified at Cuiú Cuiú, the Company has signed a contract with a third-party independent drilling contractor to add a second RC drill rig on site
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