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Cabral Gold Adds Two Additional Drill Rigs and Reports Results of Follow-up Drilling at Morro da Lua target, Brazil15.07.2021 | 12:30 Uhr | Newsfile
Vancouver, July 15, 2021 - Cabral Gold Inc. (TSXV: CBR) (OTC: CBGZF) ("Cabral" or the "Company") is pleased to provide a drilling update from the Cuiú Cuiú gold district, Brazil, and to provide assay results from six recently completed follow-up RC holes at the Morro da Lua target.
Drill Hole Weathering From to Width Grade Table 1: Table showing significant drill results from RC holes RC83 to RC88 at Morra da Lua target Two additional drill rigs at Cuiú Cuiú Drill contracts have recently been signed with Energold Perfuracoes Ltda for two additional diamond drill rigs. The addition of these two rigs will bring the total number of rigs in operation at Cuiú Cuiú to five, three diamond drill rigs and two RC rigs. The first of the two new rigs is expected on site in early August and will be initially focused on the drilling of regional targets. The second rig is expected on site in late August / early September and will be initially focused on drilling off the high-grade zones within the Central gold deposit. Drilling Program Update Assay results are currently pending on a total of seven diamond-drill holes (DDH 217 to DDH 223) recently completed at the MG gold deposit. The holes were designed to define the continuity of several zones of high-grade gold mineralization which are indicated by the drilling completed to date. Diamond drill hole 224 is in progress. In addition to the diamond drilling at MG, the large Geosedna RC rig has been tasked with drilling off the overlying oxide blanket at MG and results are pending on several holes. Approximately 70 holes, each to a maximum depth of 65m are planned over the next couple of months to determine the size of the MG oxide blanket. The Cabral reconnaissance RC rig continues to aggressively test regional targets and an update on this program will be provided in the near future. About Cabral Gold Inc. The Company is a junior resource company engaged in the identification, exploration and development of mineral properties, with a primary focus on gold properties located in Brazil. The Company 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 5.9Mt @ 0.90g/t (200,000 oz) and Inferred resources of 19.5Mt @ 1.24g/t (800,000 oz). 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. Cuiú Cuiú was the largest placer gold camp in the Tapajós and produced an estimated 2Moz of placer gold historically. "Alan Carter" President and Chief Executive Officer FOR FURTHER INFORMATION PLEASE CONTACT: Cabral Gold Inc. Alan Carter, President and Chief Executive Officer Tel: 604.676.5660 Guillermo Hughes, FAIG and MAusIMM, a consultant to the Company as well as a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-looking Statements This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of the words "will", "expected" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. This news release contains forward-looking statements and assumptions pertaining to the following: strategic plans and future operations, and results of exploration. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. Notes Gold analysis has been conducted by SGS method FAA505 (fire assay of 50g charge), with higher grade samples checked by FAA525. Analytical quality is monitored by certified references and blanks. Until dispatch, samples are stored under the supervision the Company's exploration office. The samples are couriered to the assay laboratory using a commercial contractor. Pulps are returned to the Company and archived. Drill holes results are quoted as down-hole length weighted intersections. Dieser Artikel stammt von Rohstoff-Welt.de
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