Cabral Gold Inc. (TSXV: CBR) has identified a number of gold intersections in new assay results from twenty-one RC holes drilled in the recently identified gold-in-oxide blanket of the PDM target within the Cuiú Cuiú Gold District, northern Brazil.
Highlights are as follows:
- RC0324 returned the following mineralised intervals:
- 11.0m @ 3.1 g/t gold from surface in oxidised and weathered material, including 3.0m @ 10.5 g/t gold from 5.0m
- RC0327 returned the following mineralised intervals:
- 10.0m @ 0.4 g/t gold from surface in oxidised and weathered material and
- 15.0m @ 1.5 g/t gold from 40.0m in oxidised material, including 1.0m @ 19.1 g/t gold
- Other significant drill results from oxidized and weathered material at PDM include;
- RC0333: 32.0m @ 0.5 g/t gold from surface
- RC0329: 21.0m @ 0.5 g/t gold from surface
- RC0317: 14.0m @ 0.7 g/t gold from surface
- RC0322: 9.0m @ 0.6 g/t gold from surface
- RC0320: 11.0m @ 0.4 g/t gold from surface
- These drill results suggest that the blanket at PDM remains open to the north. Furthermore, the results lend further support to the existing evidence that suggests there are at least two parallel zones of mineralisation in the underlying primary basement rocks which remain open to the north and south
“These latest RC results from the PDM oxide blanket are important for two reasons. Firstly, they further demonstrate the presence of a higher-grade core within the unconsolidated oxide blanket. Secondly, they lend further support to the presence of a second primary mineralised zone in the underlying basement granitic rocks at least 250m in length and sub-parallel to the initial zone of primary basement gold mineralisation below the oxide blanket.” President and CEO, Alan Carter, said.
“Whilst we currently have no idea how large the primary gold deposit is at PDM, these results confirm the presence of a second primary zone of gold mineralisation in basement granitic rocks underlying the oxide blanket at PDM. Both the gold-in-oxide blanket and the two zones in the primary basement rocks are open to the north and may extend under an area of historic artisanal workings.”
PDM RC-Drill Results
The PDM (Pau de Merenda) target is located 2.5km northwest of the Central gold deposit at Cuiú Cuiú within a prominent northwest-trending gold-in-soil anomaly, which has been traced for more than five km along strike. Within this anomaly lie the Central gold deposit, Central SE target, Central North target, PDM target and Mutum target.
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