Cabral Gold: Reports Channel Sample Results of 5.3m @ 24.0 g/t gold at Jerimum North Target, Cuiú Cuiú Gold District
Vancouver, British Columbia – September 30, 2020 – Cabral Gold Inc. (“Cabral” or the “Company”) (TSXV: CBR) (OTC: CBGZF) is pleased to announce the results of channel sampling at the Jerimum North target at the Cuiú Cuiú gold district in northern Brazil. Highlights are as follows;
- A surface channel sample recently completed at the Jerimum North target returned 5.3m @ 24.0 g/t gold. Jerimum North is located 4km north-east of the MG deposit and 3.7km north-east of the recently discovered high-grade veins at the Machichie SW target area
- Mineralization is confined to a NE-trending quartz-pyrite vein system that has never been drill tested. Surface grab samples with values of 966.2 g/t, 331.7 g/t and 55.4 g/t gold occur 130m to the NE, and may be related to the same structure
- A pronounced NE trend is evident within the regional magnetic data supporting the possibility of another major NE trending vein system which may also explain why this part of the Cuiú Cuiú district was the richest area in terms of historical placer gold production
Alan Carter, Cabral’s CEO commented, “The identification of yet another new NE-trending, high-grade vein structure, this time at the Jerimum North target, highlights the increasing importance of NE trending veins as hosts to high-grade gold mineralization within the Cuiú Cuiú gold district. This new vein has never been drill-tested, and like the recently announced NE trending veins at Machichie SW, will undergo further surface exploration aimed at establishing along strike continuity prior to drilling. The Jerimum North area was reportedly the richest part of the Cuiú Cuiú district in terms of historic placer gold production during the Tapajos gold rush, and we may have just taken a significant step forward in determining why this area was so rich historically. I would like to congratulate our team in Brazil for identifying yet another new high-grade vein structure as we continue to unravel the high-grade potential of this district”.
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