Cabral Gold Inc (TSX-V:CBR) has provided assay results from two diamond-drill holes testing the MG gold deposit within the Cuiú Cuiú gold district in northern Brazil.
The company said that hole DDH271 intersected 2.6 meters (m) at 28.9 grams per ton (g/t) gold within the primary hard-rock MG gold deposit from 117.5m, including 1.0m at 64.6 g/t gold from 119.1m.
The hole cut a second high-grade interval further down the hole that returned 1.6m at 32.8 g/t gold from 169.2m, including 0.6m at 86.1 g/t gold.
READ: Cabral Gold adds fifth drill rig at Cuiú Cuiú project to test regional targets
The company said DDH271 also encountered significant lower-grade gold mineralization within overlying unconsolidated sediments that comprise the gold-in-oxide blanket, returning 25.0m at 0.6 g/t gold from surface.
As for hole DDH270, Cabral said it intersected 10.2m at 0.6 g/t gold from 93.5m depth, 2.4m at 1.3 g/t gold from 135.7m, and 7.3m at 1.7 g/t gold from 164.3m -- all within the primary hard-rock MG gold deposit.
DDH270 also cut 33.6m at 0.3 g/t gold from surface within the overlying gold-in-oxide blanket.
"These spectacular drill results from the primary MG gold deposit at Cuiú Cuiú continue to define a significant central high-grade core to the primary hard-rock MG gold deposit,” said Cabral CEO Alan Carter in a statement.
“That core is showing greater lateral continuity and extent than previously thought and remains open at depth and along strike. Such bonanza results continue to support the company's thesis that there are significant high-grade zones within the current low-grade bulk tonnage resource at Cuiú Cuiú that can be identified and delineated with additional drilling".
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