Cabral Gold Adds Fifth Drill Rig Vancouver, British Columbia--(Newsfile Corp. - March 3, 2022) - Cabral Gold Inc. (TSXV: CBR) (OTC PINK: CBGZF) ("Cabral" or the "Company") is pleased to announce that it has added a fifth drill rig on site at the Cui Cui gold district in northern Brazil.
Highlights are as follows:
- The new diamond drill rig will initially commence drilling at the Indio target located approximately 1.5km SE of the MG gold deposit. Grab samples of mineralized quartz vein float from surface at Indio returned gold values ranging from 1.5 to 137.8 g/t gold
- Six reconnaissance RC drill holes completed in early 2021 at Indio failed to test the primary target due to waterlogged ground but nonetheless cut a number of interesting mineralized structures including 4m @ 2.5 g/t gold including 1m @ 8.7 g/t gold and 5m @ 2.6 g/t gold including 2m @ 5.7 g/t gold
- Following the completion of drilling at Indio the rig will move to test the Dona Moca, Cilmar and Tracaja targets
Alan Carter, Cabral's President and CEO commented, "During the last 12 months we have identified three new zones of near-surface gold-in-oxide mineralization at MG, PDM and Central as well as a deeper zone of hard rock gold mineralization at PDM. This unprecedented success has meant that for the last few months the four drills that we currently have on site have been focused on drilling off these new discoveries as well as expanding the two known gold deposits. The arrival of a fifth drill rig gives us the ability to drill test more of the regional targets at Cui Cui as we seek to discover additional gold deposits within this prolific district".