お知らせ • Jan 15
Cabral Gold Inc. Extends Machichie Main Downdip and Drills New Mineralized Zone, Cuiu Cuiu Gold District, Brazil
Cabral Gold Inc. announced results from seven additional diamond drill holes ("DDH") and two reverse circulation ("RC") drill holes at the Machichie Main gold deposit within the Cuiu Cuiu Gold District, Brazil. Highlights. The zone remains open to the east, west and at depth Drilling has recommenced at Cuiu Cuiu following the end-of-year break with results pending on several holes at J Cima and Moreira Gomes. In parallel with the ongoing construction of the Phase 1 gold-in-oxide starter project, the Company is expanding the current exploration drill program and expects to add a fourth drill rig during February. The recent drill results from the Machichie Main zone are encouraging and extend the mineralized zone at depth. This discovery is further evidence that exploration of the Cuiu Cu Cuiu gold district is still in the formative stages and that additional discoveries are likely. The ramping up of the exploration drill program and the addition of a fourth rig, in parallel with the ongoing drone magnetic survey is expected to result in continued growth of the resource base within the district. Following the end of year break, construction activities on site with respect to the Phase 1 gold- in-oxide heap-leach project have resumed. favourable weather conditions in early January have resulted in above plan productivity in both the earthworks and civil works. Procurement of key capex items is almost complete, and the project remains on schedule. Machichie Main Drill Results. The Machichie Main zone is an E-W trending zone of gold mineralization located 500 metres ("m") north of the MG gold deposit. The mineralized zone is open down-dip on every section. The current drill program is aimed at defining an initial resource in the hard rock material at Machichie Main. Results have been obtained on seven additional diamond drill holes (DDH343, 345, 348, 350, 352, 353, and 354) and two reverse circulation drill holes (RC587 and RC588) at the Machichie Main zone. RC587 and RC588 were drilled on sections 552930E and 552810E respectively as infill holes in the central part of the Machichie Main deposit aimed at providing better certainty regarding the location of the mineralized zone between existing drill holes. Both holes were drilled into areas of unclassified mineralized material where spacing between drill hole fences was greater than 75 m. Results demonstrated excellent continuity of the projected mineralized zones. RC587 returned 5m @ 4.70 g/t gold from 35m depth in intrusive rock including 2m @ 10.76 g/t gold confirming continuity of high grade over the 75m drilling gap. Drill Hole #, Weathering, From (m), Thickness (m), Grade g/t gold, DDH343, Intrusive rock, 129.0, 130.5, 1.5, 0.30, 156.1, 158.4, 2.3, 0.30, EOH 178.3, DDH345, Saprolite Intrusive rock, 15.0, 19.0, 4.0, 4.79, 29.0, 31.0, 2.0, 0.60, 198.2, 1.8, 0.61, EOH 230.85, DDH348, Blanket Saprolite Intr intrusive rock, 5.0, 5.0, 0.23, 14.4, 7.4, 0.23, 23.4, 24.2, 2.99, 50.0, 56.4, 6.4, 2.04, 69.9, 72.0, 72.0, 2.1, 0.28, 125.6, 126.2, 1.22.EOH 141.40. DDH350, Blanket SaproliteIntrusive rock, Blanket Saproliteintrusive rock, Blanketaprolite Intrusive rock.