Cabral Gold drills 9.5 metres at 5.74 g/t gold; expands Jerimum Cima Discovery, Cuiú Cuiú Gold District, Brazil
Cabral Gold Inc. [TSXV: CBR; OTCQX: CBGZF] reported results from six additional diamond drill holes at the Jerimum Cima target within the Cuiú Cuiú Gold District, Brazil.
Highlights: Drilling at the Jerimum Cima target returned 9.5 metres at 5.74 g/t gold, 14.4 metres at 0.62 g/t gold and 15.1 metres at 1.04 g/t gold in hole DDH359 and has extended the eastern limit to the mineralized zone by 175 metres and the body remains open to the east. Gold mineralization at Jerimum Cima has now been traced over an E-W strike length of 750 metres.
In addition, DDH365 returned 3.8 metres at 10.80 g/t gold, including 0.5 metres at 80.51 g/t. This was a reconnaissance hole drilled 250 metres southeast of DDH359 and cut a previously unrecognized high grade zone south-east of the main mineralized zone at Jerimum Cima
Additional results include 2.0 metres at 15.29 g/t gold from DDH355, and 0.5 metres at 34.87 g/t gold and 0.6 metres at 68.04 g/t gold in DDH356 from the current western limit of the Jerimum Cima target. The high-grade zones intersected in DDH356 were also previously unknown and are believed to be peripheral and parallel to the main mineralized zone
Alan Carter, Cabral’s President and CEO, commented, “The Jerimum target is emerging as an important discovery at Cuiú Cuiú. These latest drill results are very encouraging and significant for two reasons: Firstly, they extend the main E-W trending mineralized zone by at least 175 metres to the east where it remains open and extends the current known strike length of the main zone to 750 metres. Secondly, the presence of several previously unrecognized narrow high-grade structures intersected in two reconnaissance holes drilled 600 metres apart and immediately south of the main mineralized zone, is also highly encouraging and augers well for the calculation of an initial resource in the primary material at Jerimum Cima.
“Jerimum Cima has a deep weathering profile to 70 meters depth and is characterized by a strong gold-in-soil geochemical anomaly that is comparable with the MG and Central and gold deposits. Not only do the drilling and trenching results thus far indicated the presence of an important gold-in-oxide blanket but also a significant underlying gold deposit in the primary intrusive rocks. Further drilling is planned and aimed at establishing the size of both the gold-in-oxide zone, and the underlying zones of primary mineralization in the intrusive rocks.“
Brian Arkell, Vice President of Exploration and Technical Services, commented, “It’s very exciting to drill out this recent discovery where we’ve now hit gold in drill holes over a strike length of 750 metres within a major fault zone at least 200 metres wide in places. We see potential improving to the east where the structure takes a major bend heading into the TZ fault. Currently we are flying detailed magnetics with our recently acquired drone system, as we continue diamond drilling, and we have plans to bring in a second rig soon.”
The Jerimum Cima target is located 3 km ENE of the Central gold deposit and 3.5km NW of the MG gold deposit. The target is characterized by a very strong gold-in-soil anomaly of +100 parts per billion (ppb) gold covering an area of 900 metres x 1,000 metres and is comparable with the gold-in-soil anomalies above the MG and Central gold deposits, and the PDM and Machichie gold discoveries. As with the MG gold deposit and the Machichie Mian gold discovery, gold mineralization at Jerimum Cima is centered on a major east-west fault zone, which forms a splay off the regional scale Tocantinzinho fault system.
Previous reconnaissance drilling at Jerimum Cima returned 39 metres at 5.1 g/t gold in primary intrusive rock material as well as 49 metres at 2.0 g/t gold. In addition, a number of surface trenches returned gold intercepts of very good grade in gold-in-oxide material, and include 14 metres at 1.6 g/t gold, 20 metres at 1.2 g/t gold, 10 metres at 1.3 g/t gold, and 24 metres at 0.7 g/t gold and 18 metres at 1.9 g/t gold.
The presence of significant mineralization in both DDH359 and DDH360 at the eastern end of the known mineralized zone at Jerimum Cima is highly encouraging and extends the main mineralized zone an additional 175 metres to the west. The main mineralized zone has now been defined over a strike length of approximately 750m and remains open to both the east and the west.
Cabral’s Board of Directors has also approved the granting of stock options and Restricted Share Units (RSU’s) pursuant to the Equity Incentive Plan to 53 employees, directors and consultants to the company. The stock options entitle the holders to purchase a total of 7,685,000 common shares in the capital stock of the company at a price of $0.75 per common share and are exercisable for five years and are subject to vesting over 24 months. A total of 1,786,593 RSU’s have also been granted with a one-year vesting period.
Cabral Gold 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, northern Brazil.
Three main gold deposits have so far been defined at the Cuiú Cuiú project which contain NI 43-101 compliant Indicated resources of 12.29Mt at 1.14 g/t gold (450,200 oz) in fresh basement material and 13.56Mt at 0.50 g/t gold (216,182 oz) in oxide material. The project also contains Inferred resources of 13.63Mt at 1.04 g/t gold (455,100 oz) in fresh basement material and 6.4Mt at 0.34 g/t gold (70,569 oz) in oxide material.
The resource estimate for the primary material is based on the NI 43-101 technical report dated October 12, 2022. The resource estimate for the oxide material at PDM and MG is based on a NI 43-101 technical report dated October 21, 2024. The resource estimate for the oxide material at Central and Machichie is based on a NI43-101 technical report dated July 29, 2025.
The Tapajós Gold Province is the site of the largest gold rush in Brazil’s history which according to the ANM (Agência Nacional de Mineração or National Mining Agency of Brazil) produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest area of placer workings in the Tapajós and produced an estimated 2Moz of placer gold historically.