Cabral Gold Inc (TSX-V:CBR) revealed new drill results from the Central area on its Cuiú Cuiú project that showed high-grade gold intercepts within the underlying deposit.
Highlights from the three holes reported include 23.8 metres (m) at 5.5 grams per ton (g/t) gold, including 0.7m at 98.4 g/t gold and 1.2m at 51 g/t gold.
The same hole also intersected 84.9m at 0.7 g/t gold, including 16.7m at 0.5 g/t and 68.2m at 0.8 g/t gold.
READ: Cabral Gold says trenching extends Machichie mineralized zones and returns impressive gold assay results at Cuiú Cuiú in Brazil
Another hole returned 37m at 1.3 g/t gold, including 1.6m at 13 g/t gold.
CEO Alan Carter told investors that the results from the Central gold deposit are “exceeding our expectations”.
“There is clearly a thick zone of soft, weathered, mineralized gold-in-oxide material sitting directly above the primary Central gold deposit,” Carter said in a statement.
“Furthermore, these results confirm that significant zones of high-grade gold mineralization occur within the underlying, unweathered and hard basement gold deposit. With four drill rigs currently turning at Cuiú Cuiú, and several new discoveries within the district, notably at PDM and Machichie, we look forward to a very busy few months and a constant stream of drill results."
Cabral currently has two rigs operating at Central: an RC rig drilling shallow holes to assess the extent of the recently identified near-surface gold-in-oxide blanket, and a diamond rig to better define the high-grade, highly altered, brecciated and sheared zones within the primary basement deposit as well as to test the near surface gold-in-oxide blanket.
The Central gold deposit is located 2.5 kilometres southeast of the PDM target within the Cuiú Cuiú gold district of Brazil.
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