Cabral Gold Drills 7m @ 9.4 g/t Gold and Identifies a Second Gold-in-Oxide Blanket in the Cuiú Cuiú District, Brazil; Alan Carter, Cabral's President and CEO commented, "We are absolutely thrilled to be reporting these drill results from near surface unconsolidated material at the PDM target which is located just 2.5km NW of the Central gold deposit. When we first identified the presence of a gold-in-oxide blanket at surface above the MG deposit in mid-April of this year, we predicted that we would make additional discoveries of this type at Cuiú Cuiú, and the initial results from the PDM target are CONFIRMATION of that belief. The initial drilling at Pau de Merenda suggests we have a second mineralized blanket at surface which extends over an area of at least 400m by 200m and is open in all directions, and furthermore contains some very high-grade intercepts. The identification of this new blanket obviously also raises the possibility of a significant underlying primary gold deposit akin to MG, which will also require drilling in the coming months "
- Reconnaissance RC drilling at the Pau de Merenda target, located 2.5km NW of the Central gold deposit, has returned numerous mineralized drill intercepts in near surface unconsolidated weathered and oxidized saprolite material, including hole RC-112 which averaged 40m @ 2.2 g/t gold from surface including 7m @ 9.4 g/t gold and terminated in 2m @ 23.8 g/t gold
- These results indicate the presence of a second near surface gold-in-oxide blanket at Cuiú Cuiú which is very similar to the recently identified mineralized blanket above the MG gold deposit. Other drill results from this ongoing reconnaissance drill program include 16m @ 1.3 g/t gold in RC-104
- Twenty-one vertical RC holes have been completed thus far at PDM and the results from the initial eleven holes indicate the presence of a blanket with minimum dimensions of 400 x 200m, which is open in all directions. Results are pending on ten additional reconnaissance RC holes, drilled to a maximum depth of 78m
- Several other high priority targets have also been identified for additional gold-in-oxide blanket deposits at Cuiú Cuiú, with reconnaissance drilling currently in progress at the previously untested Mira Boa target
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http://cabralgold.com/news-releases/2021/cabral-gold-drills-7m-9-4-g-t-gold-and-identifie-92648/
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