Why Cabral Gold?
CEO is largest shareholder and has so far invested C$1.8M. Management is credited with 5 gold discoveries in Brazil with NI 43-101 compliant resources, including nearby 2Moz TZ deposit which is currently undergoing construction. Sold last company to Ross Beaty – now part of Equinox Gold
Two main gold deposits located 5km apart with NI 43-101 resources of 21.6 M @ 0.87 g/t gold (604,000oz) and Inferred Resources of 19.8 Mt @ 0.84 g/t gold (534,500 oz)
The Cuiú Cuiú project is next to GMining’s TZ project with production starting H2 2024. The 2Moz TZ project which will be Brazil’s third largest gold mine. Cuiú Cuiú produced 10x more placer gold than TZ and unlike TZ is a district covering 15 x 10km containing 43 targets which are peripheral to 4 known deposits
Two new hard rock discoveries at PDM and Machichie which require further drilling. Three gold-oxide blankets identified thus far with Indicated Resources of 9.3 Mt @ 0.52 g/t gold (153,700 oz), and Inferred Resources of 6.1 Mt @ 0.40 g/t gold 79,200 oz.
Near Term Production
Material in blankets is unconsolidated suggesting low mining and processing costs. Recent column leach tests indicate 82% gold recoveries after 70 days. PFS on production from oxide material in progress (Q3 2023)