Cabral commenced work on the project in early 2018 and completed two drill programs during 2019 which resulted in at least two high-grade discoveries at Machichie (3.4m @ 36.9 g/t gold) and Morro de Lua (2.8m @ 19.5 g/t gold). In addition, recent drilling completed during late 2019 at the MG and Central deposits returned 7.6m @ 18.5 g/t gold and 5.6m @ 13.0 g/t gold and has clearly demonstrated the continuity of high-grade mineralization down-dip and along strike.
In parallel with these drilling efforts, Cabral's exploration team have continued to explore the wider district via a combination of regional soil sampling, shallow auger sampling and basic prospecting of drainages. The focus of this work has been on the determination of a source for coarse angular gold nuggets in the Cilmar area located 9km to the NNE. The identification of the Alonso target 3km SE of the MG deposit was a direct result of these regional exploration efforts.
The presence of a significant WSW trending magnetic anomaly and the recent identification of placer gold in the main drainage at Alonso drew Cabral's geologists to the area. The Cabral team identified the presence of extensive angular quartz vein boulder float with visible gold over an interval of 30m beside the drainage. Twenty-three samples of this float material were collected and returned gold values of 11.6 to 200.3 g/t gold. No samples returned less than 11.6 g/t gold. The concentration of angular quartz vein float material with visible gold suggests that the source could be very close by.
Regional soil sampling of this eastern part of the
Future Work
Cabral's exploration team is working to determine the size of the footprint of the Alonso target and is engaged in a detailed soil sampling grid over the target as well as more detailed stream sediment sampling. Shallow auger drilling may also be required in advance of drilling in the event that post-mineral cover is identified over the area.
About
The Company is a junior resource company and is engaged in the identification, exploration and development of mineral properties, with a primary focus on gold properties located in
Contact:
Tel: 604.676.5660
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 in the company's supervised exploration office. The samples are couriered to the assay laboratory using a commercial contractor. Pulps and rejects are returned to the Company and archived. Drilling results are reported as down-hole length weighted intersections. Gold counts in pan concentrates from drainage samples are derived from a set volume (20 litres) of sands and gravels.
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