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TICKERS: CBR; CBGZF

Gold Explorer Announces Two Discoveries at Brazil Project

Source:

The discoveries are located in the area of the world's largest gold rush.

Cabral Gold

Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTC.MKTS) recently announced its first sampling results from two new discoveries, Jerimum North and Jerimum East. In addition, further results of surface rock sampling at the Morro da Lua and Jerimum Cima targets at the Cuiú Cuiú Project, Pará State, Brazil, were reported.

“The presence of high-grade gold values on surface from newly identified targets at Morro da Lua, Jerimum North (JN) and Jerimum East (JE) continues to impress us and highlights the potential for significant untested high-grade gold mineralization at Cuiú Cuiú,” said Alan Carter, president and CEO.

Highlights of the recent work were:

  • Channel samples extend the Jerimum Cima target: including 12.4m @ 1.9 g/t Au, 1.7m @ 15.7 g/t Au and 8m @ 1.1 g/t Au.
  • Assay results from seven grab samples ranging from 5.5 to 162.4 g/t Au from stockpiles from separate shafts on vein showings discovered earlier this year at the Morro da Lua.
  • The new target of Jerimum North was recently discovered 500m north of Jerimum Cima. Initial rock grab samples returned 52.1 g/t, 13.0 g/t, and 10.0 g/t Au.
  • Jerimum East, another new target, was discovered 800m ENE of Jerimum Cima. It returned a value of 152.6 g/t Au from a single grab sample.

At the Cuiú Cuiú Project, surface exploration is intended to follow through on unexplained alluvial, geochemical anomalies and saprolite mining areas to identify new drill targets. High grades are being returned in initial sampling of the new targets. This project is located in the Tapajós Province of northern Brazil, which is where the country's largest placer-gold belt is situated. An estimated 20-30 Moz gold has been produced in this area.

Morro da Lua is a newly identified target that has not been drilled and no results have been reported previously. Results from seven composite rock samples collected material adjacent to seven separate shafts, returning values ranging from 5.5 to 162.4 g/t Au. At this location, ten active artisanal shafts are currently in production or in exploration.

At Jerimum Cima, streams that drain the target area have been reported to contain some of the richest historic placer gold mineralization at Cuiú Cuiú. Limited previous drilling returned 39m @ 5.13 g/t Au and 18m @ 1.17 g/t Au.

At Jerimum North, rock chip grab sampling of mineralized rock adjacent to an abandoned shaft returned values of 52.1 g/t, 13.0 g/t, and 10.0 g/t Au.

At Jerimum East, a grab sample taken from quartz vein material immediately adjacent to an abandoned workings returned 152.6 g/t Au.

Headquartered in Vancouver, Canada, Cabral Gold is a junior resource company engaged in the identification, exploration, and development of mineral properties, with a focus on gold properties located in Brazil.

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Disclosure:
1) Jake Richardson compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Cabral Gold. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Cabral Gold. Please click here for more information.
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