Cabral Gold Inc (TSX-V:CBR) has outlined its plans for 2022 and provided a summary of successes achieved during 2021 at the Cuiú Cuiú gold district in northern Brazil.
The company said it is looking forward to continuing its aggressive exploration program in 2022 and is planning an expanded drill program at its PDM target following encouraging drill results in December which included 22.4 metres (m) at 4.8 grams per ton (g/t) gold from the granitic rocks below the recently identified gold-in-oxide blanket. This drilling will determine the dimensions and grade of the new mineralized zone.
In addition, Cabral added, diamond drilling at the Central and MG gold deposits will continue with the objective of defining higher grade zones within both deposits, while testing for additional zones of mineralization. Reverse circulation (RC) drilling will also continue testing the overburden above the Central gold deposit with the objective of identifying a third gold-in-oxide blanket.
Elsewhere additional drilling and trenching is planned at Machichie, and several regional targets including Tracaja, Indio, Dona Moca and the new Escondido target, the company said.
READ: Cabral Gold intersects high-grade gold at PDM target on its Cuiú Cuiú gold project
During 2021, Cabral's ongoing drill program was primarily focused on defining the high-grade zones within the MG and Central gold deposits, but the company also identified two new near-surface gold-in-oxide blankets at MG and PDM, as well as a new high-grade mineralized zone in hard rock at PDM.
The company continued to drill test and expand other new target areas, such as Machichie, Machichie SW, Morro da Lua, and Indio. There are still some 39 other gold targets to test on the 36,000 hectare Cuiú Cuiú property, it said.
Concurrent with the drill program in 2021 Cabral continued its regional grassroots reconnaissance exploration in new areas of the district including stream and soil-geochemical sampling and prospecting.
As outlined above, diamond drilling will continue at the primary MG gold deposit in 2022 in order to fully determine the size of the high-grade zones and in order to determine the western limits to the main MG mineralized zone. This drilling will also further investigate the potential of the parallel zones intersected in diamond drilling during 2021.
Diamond drilling will continue at the Central gold deposit. As at the MG gold deposit, the current program is designed to further define the high-grade zones at Central.
RC drilling at Central is also in progress with the objective of testing for the presence of gold-in-oxide blanket mineralization above the primary Central gold deposit similar to that identified at both MG and PDM in 2021. An initial 25-hole RC drill program is in progress.
Further trenching and drilling is planned at the Machichie target during 2022 where RC drilling during 2021 returned 34m at 5.4 g/t gold including 13m at 13.4 g/t gold.
Whilst the focus of the drill campaign during 2022 will remain on the MG and Central trends, and the targets in and around those trends (notably PDM in the Central trend and Machichie at MG), Cabral said it will continue to test the various regional targets at Cuiú Cuiú and is currently planning drilling at Tracaja, Indio, Dona Moca and the new Escondido target.
Cabral Gold is a junior resource company engaged in the identification, exploration and development of mineral properties, with a primary focus on gold properties located in Brazil.
The company has a 100% interest in the Cuiú Cuiú gold district located in the Tapajós Region, within the state of Pará in northern Brazil.
The Tapajós Gold Province is the site of the largest gold rush in Brazil's history producing an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest area of placer workings in the Tapajós and produced an estimated 2 million ounces of placer gold historically.
Contact the author at jon.hopkins@proactiveinvestors.com