Cabral Gold Inc (TSX-V:CBR) has reported more drill results from its Cuiú Cuiú project in Brazil, with the latest findings underscoring the potential of the Central gold deposit at the asset.
Four diamond drill holes were sunk, which showed a "significant" thick zone of gold-in-oxide mineralization sitting above the primary unweathered gold deposit at Central.
"The latest drill results from Central lend further support to recent evidence from drilling that a high-grade zone of mineralization exists within the core of the primary basement Central gold deposit, just as at the nearby MG gold deposit," Cabral's CEO Alan Carter said in a statement.
"Furthermore, all of the holes reported here cut significant intercepts of soft weathered gold-in-oxide mineralization, supporting previous drilling that a third significant zone of gold-in-oxide mineralization sits above the primary un-weathered basement deposit at Central.
"We look forward to the results of the ongoing drill program at Central as well as the results from the four other drill rigs, which are currently active at the nearby MG, Machichie, PDM and Indio targets."
READ: Cabral Gold reports positive trenching results from Machichie area of Cuiú Cuiú project in Brazil
The new high-grade mineralization consists of an overlying gold-in-oxide blanket, as well as a thick zone of saprolite material.
Highlight drill results included 14.9 grams per ton (g/t) gold over a length of 1.7 metres (m) starting from 74.4m depth in one hole, including an intersection of 22 g/t of the yellow metal over 1.1m from 75m depth.
The firm's Central gold deposit lies 5km north-west of the MG gold deposit and 2.5km south-east of the PDM target within the Cuiú Cuiú gold district.
Results are pending from eight diamond-drill holes at MG where drilling is continuing. Assays are also awaited from seven diamond-drill holes at Central where drilling is continuing.
Results are also pending on 36 reverse circulation (RC) holes drilled north of Central, which are aimed at further defining the extent of the near surface gold-in-oxide blanket material. The RC rig has now moved to complete infill drilling at the PDM gold-in-oxide blanket with a particular focus on further defining the higher grade core to the blanket.
At the PDM target, results are awaited from 12 diamond-drill holes and the diamond drill has been redeployed from PDM to Machichie, where an infill and step-out drilling program has just begun and trenching is in progress.
Results are currently pending on the first two diamond-drill holes drilled in 2022 at the Indio target. Drilling is ongoing, the company said.
Cabral has a 100% interest in the Cuiú Cuiú gold district located in the Tapajós region, within the state of Pará in northern Brazil. Two gold deposits have so far been defined at Cuiú Cuiú and contain 43-101 compliant indicated resources of 5.9 million tonnes (Mt) at 0.90 g/t (200,000 ounces) and inferred resources of 19.5Mt at 1.24 g/t (800,000 ounces).
Contact the author at giles@proactiveinvestors.com