Cabral Gold Highlights
Quality Resource with Significant Upside
The Company's key asset is the Cuiú Cuiú project in which it has 100% interest; Indicated resources of 0.2Moz + Inferred resources of 0.8Moz. It is located approximately 20km NW of Eldorado Gold's Tocantinzinho project which has Measured and Indicated resources of 48.7Mt @ 1.35g/t gold (for 2.1Moz) and Inferred resources of 2.4Mt @ 0.9g/t gold (for 0.07Moz).
A gold-in-soil anomaly upside (+70ppb gold) of over 18km is largely untested, and four deposits with resources remain largely open. Drill intercepts in six other targets outside of the existing resources incl. 39m @ 5.1g/t and 27m @6.9g/t gold. Numerous additional areas of surface fold mineralization have recently been identified and preliminary results are pending.
Rapidly Developing Region
Located in the Tapajos Region, where Eldorado Gold has constructed a new 70km road to their flagship project from BR-163 highway, (paved in the last 5 years by the federal government), Cuiú Cuiú is easily accessible through a spur road from there. Cabral's neighbour has recently been granted the construction license and tailings permits. In addition, new hydroelectric power plants are planned for the region, so more growth is expected in the Tapajos area.
This region was the site of the world's largest ever gold rush between the mid 1970's and mid 1990's, and is estimated to have producted 20-30M oz of placer gold alone.
Local Discovery Expertise
With management having over 20 years' background in Brazil, Cabral Gold benefits from the experiences of 4 previous gold discoveries with NI43-101 compliant resources of over 5M oz gold. Moreover, Brazil Manager, Ruari McKnight was co-founder of Serabi Gold where he was instrumental in putting the Palito gold mine into production.