Cabral Gold Inc (TSX-V:CBR) has announced the appointment of Sami Arap Sobrinho to the company's board of directors, effective immediately.
The junior resource firm said Arap Sobrinho is the founding member and senior partner of Arap, Nishi & Uyeda Advogados, a boutique law firm based in São Paulo, with expertise in mining, infrastructure project development and finance, foreign investments, corporate and M&A, tax planning and real estate properties.
“His position as a founding member and senior partner of Arap, Nishi & Uyeda Advogados provides Cabral with a breadth of relevant experience and a wide network throughout Brazil,” Cabral Gold CEO Alan Carter said in a statement.
READ: Cabral Gold announces high-grade gold assay results up to 5.3m at 27.6 g/t at Cuiú Cuiú; $2M financing
“He is well qualified to assist us as we continue to advance the Cuiú Cuiú district located in the Tapajos region of Para state,” Carter added.
Cabral noted that Arap Sobrinho, who has previously acted as general counsel of Brasil Telecom SA, advises several investors in the mining sector in Brazil and abroad.
As well, the company reported that Carlos Vilhena has elected to resign from its board of directors to pursue other opportunities, but will remain as a Cabral Gold advisor.
Junior explorer Cabral Gold 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.
Contact Sean at sean@proactiveinvestors.com