Cabral Gold is (TSX-V: CBR) (OTC: CBGZF) focused on advancing its district-scale Cuiú Cuiú gold district located within the Tapajos region of Para state, Brazil. The Tapajos region was historically the site of the world’s largest ever gold rush (1978 – 1995) and is the largest placer gold province in Brazil. The Cuiú Cuiú district was the largest placer gold camp during this gold rush period having produced an estimated 2Moz placer. The project is immediately adjacent to the 2Moz TZ project of GMining which is currently under construction and will be Brazil’s third largest gold mine.
The company’s near term strategy is focused on expanding the current 1.14Moz total resource base and in defining high-grade resources at Cuiú Cuiú. Two new deposits were recently identified at Machichie and PDM and require additional drilling. A total of 43 targets have been identified within an 8km radius of the 2 known deposits, many of which are high-grade, including 10 targets with high-grade drill intercepts such as 3.4m @ 36.9 g/t, 27m @ 6.9 g/t, 34m @ 5.3 g/t and 39m @ 5.1 g/t.
The Company has also recently identified 3 gold-in-oxide blankets in unconsolidated material at surface at the MG, Central and PDM opening up the possibility of near term production.