Opinion Independent Reports Mineralization at Brazil Project Likely Larger...

Mineralization at Brazil Project Likely Larger than Envisaged

Streetwise Reports, Streetwise Reports

0 Comments| July 9, 2018

Auger drill results better define target trends and support that notion.

Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTC.MKTS) announced that ongoing auger drilling and pitting on the Central/Pau de Merenda target of the Cuiu Cuiu project in Brazil initially showed "highly anomalous results in both gold counts and geochemical analyses," according to the news release. Pau de Merenda sits along trend, 3 kilometers (3 km) northwest of the Central deposit.

The auger results, Cabral's president and CEO Alan Carter said, "are very compelling and strongly suggest the presence of a significantly larger area of gold mineralization than is suggested by the current resource at Central."

Split samples were taken at the target from the top few meters of the saprolite, or weathered bedrock, which deep soil covers in some areas and an alluvial sequence shields in others, potentially masking underlying gold.

Geochemical analysis of these samples revealed a mineralized corridor that extends 4-plus km from northwest to southeast, "essentially connecting" the Central deposit and the Pau de Merenda target, and is open along strike, the news release noted. "Results are currently pending on a series of trenches testing parts of this mineralized corridor where artisanal working have exposed the top of the saprolite below the cover sequence."

Individual samples returned gold grades as high as 18.7 grams per ton. Gold counts exceeded 100 per local sample, according to the news release.

Testing of smaller split samples suggested the presence of a narrower anomalous zone and supported the 4-plus km long trend, the company noted. Cabral will continue evaluating new prospects, prioritizing drill targets and expanding the current resource. Further trenching and channel sampling are in progress.

Read what other experts are saying about:

Cabral Gold Inc.

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Cabral Gold. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Cabral Gold. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Cabral Gold, a company mentioned in this article.

Tags:

GOLD