New Mineralized Structure Connecting PDM & Central Gold Deposits

VANCOUVER – Cabral Gold Inc. reported on 17 shallow reconnaissance RC drill holes at the previously untested Mutum target located 1300 metres NW of the Central Gold deposit and 500 metres (m) SE of the PDM gold discovery within the Cuiú Cuiú district. The Company has identified a new and previously unrecognized mineralized structure which appears to extend for 1.8 kilometres (km) in a NW-SE direction and connects the Central gold deposit with the PDM gold discovery further to the north.
Reconnaissance drill intercepts from the Mutum target, which is located 1.3km NW of the Central gold deposit and 500m SE of the PDM gold discovery, include 8m @ 1.32 grams per tonne (“g/t”) gold from 43m depth in RC0602, 13m @ 0.83 g/t gold from 11m depth in RC0604, and multiple mineralized intervals including 4m @ 0.76 g/t gold from 29m depth and 4m @ 1.06 g/t gold from 41m depth in RC0603.
The mineralized structure at Mutum was identified on the basis of a recent airborne drone magnetic survey over the area followed by follow up reconnaissance drilling. This survey revealed a clear NW-trending structural corridor that was not visible in earlier airborne data. The Company has subsequently purchased its own in-house drone magnetic system and intends to fly the entire Cuiú Cuiú district as quickly as possible in advance of additional reconnaissance drilling, particularly along the new NW trending structure linking PDM with Central.
Alan Carter, President and CEO, said, “The significance of the results from several of the shallow reconnaissance drill holes recently completed at the previously untested Mutum target at Cuiú Cuiú cannot be overstated. These drill results are from a previously untested area located 1.3km NW of the Central gold deposit and 500m SE of the PDM gold discovery, and indicate that a NW-trending mineralized structure extending for 1.8km connects the two deposits. This opens up a very large area of prospective ground between Central and PDM for follow up drilling.
The drone magnetic test survey that we recently completed has generated a lot of high-resolution magnetic data that are much more effective at mapping mineralized structures than the existing fixed wing airborne data. This will generate important advances in our understanding of the structural controls on gold mineralization at other deposits and targets within the Cuiú Cuiú district.”