Cabral Gold Inc (TSX-V:CBR) has revealed impressive assay results from several trenches recently excavated immediately west of the main Machichie target within its Cuiú Cuiú gold project in northern Brazil.
The Vancouver-based junior resource company highlighted Trench CT35A, located 285 meters (m) west of the most westerly drill hole at the main E-W trending Machichie main zone, which returned 5m at 8.3 grams per ton (g/t) gold, including 1m at 37.8 g/t gold.
The mineralization in CT35A is on strike and interpreted to represent the western extension of the E-W trending main Machichie mineralized structure. This could potentially represent a 60% extension to the known mineralized zone at Machichie, noted the company. This suggests that the Machichie main zone could extend for at least 800m along strike, while still being open to the west.
READ: Cabral Gold identifies third gold-in-oxide blanket at Cuiú Cuiú project with drilling
Meanwhile, Trench CT36 completed 100m to the NE of CT35A also returned encouraging results in a new parallel structure at Machichie, including 0.6m at 12.9 g/t gold, 1.5m at 1.6 g/t gold, and 0.7m at 1.1 g/t gold.
Further trenching in both areas is in progress before planned follow-up drilling, said the company.
In a statement, Cabral CEO Alan Carter commented: "The results from recent trenching west of the main E-W trending Machichie mineralized zone suggest there could be a significant extension to the zone as we currently know it, indicating a possible 60% addition to the strike length of the known mineralized structure.”
He added: “While further trenching is ongoing and drilling is planned, this is a major development in our efforts to determine the size and scope of the mineralized zones at Machichie, which is located just 500m north of the MG gold deposit. It also adds further support to previous drilling which identified numerous near-surface high-grade vein structures in this area of the Cuiú Cuiú property.”
Carter noted that with the existing two gold deposits at MG and Central, the recent discovery of three near-surface gold in oxide blankets, and a new hard-rock mineralized zone at the PDM target, Cuiú Cuiú is rapidly emerging as a “significant gold district,” containing multiple zones of near-surface gold mineralization in proximity.
The Machichie target is located 500m north of the MG gold deposit and it was initially discovered in 2019. Previous drilling at Machichie identified a persistent mineralized zone.
As a result of the encouraging results, the trenching program at Machichie has been expanded, the company said and a planned program consisting of an additional 19 N-S trenches totaling 950m has started.
In addition, 10 diamond-drill holes are planned to follow up on the trench assay results. Drilling is expected to kick off in March.
Meanwhile, the company said RC (reverse circulation) drilling at Central is also in progress above the northern end of the Central gold deposit and results are currently pending on nine holes. Diamond drilling is also in progress at the recently discovered mineralized zone in basement granitic rocks at the PDM target located 2.5 kilometers northwest of Central, said the company.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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