Cabral Gold Inc. Enhances Metallurgical Testing and Exploration at Machichie Site
- Cabral Gold Inc. reports gold recoveries of 88% to 96% at Machichie, enhancing commercialization feasibility.
- The company has increased drilling capacity to four rigs, targeting high-potential areas to expand resources.
- Encouraging drill results at Machichie NE include 11 meters at 33.0 g/t gold, indicating strong exploration potential.
Cabral Gold Inc. Advances Metallurgical Efforts at Machichie Site
Cabral Gold Inc. is making significant strides in its exploration and metallurgical testing within the Cuiú Cuiú gold district in Brazil, specifically at its Machichie site. Recent metallurgical tests reveal gold recoveries ranging from 88% to 96%, indicating that the gold-in-oxide material is well-suited for heap leach processing. This positive outcome aligns with results from other deposits in the region, such as the MG and Central sites. According to President and CEO Alan Carter, these findings enhance the feasibility of commercializing the resources at Machichie, offering a promising outlook for the company's ongoing operations.
To further accelerate exploration and increase resource inventory, Cabral Gold has bolstered its drilling capabilities by adding two additional diamond drill rigs, bringing the total to four. This expanded drilling program focuses on high-potential areas, including Central, MG, Machichie NE, and PDM. The current resource base includes an Indicated and Inferred resource of approximately 12.29 million tonnes at 1.14 grams per tonne (g/t) gold, translating to about 450,200 ounces in fresh basement material, alongside 11.11 million tonnes at 0.48 g/t gold, or roughly 171,883 ounces in oxide material. The ongoing exploration initiative is expected to reveal new discoveries and augment the company’s already significant resource portfolio.
Recent drilling efforts at the Machichie NE target have yielded particularly encouraging results, with drill core samples showing high-grade intersections, including 11 meters at an impressive 33.0 g/t gold. These findings not only confirm the potential of previously identified targets but also highlight the feasibility of exploring less tested areas like Mutum, which has demonstrated promising surface trench results with averages of 0.9 to 1.0 g/t gold over 32-meter intervals. Cabral Gold’s commitment to thorough exploration and resource assessment positions the company favorably in the competitive gold mining sector.
In addition to these developments, Cabral Gold is working on an updated Prefeasibility Study (PFS) that will encompass mine planning and optimization strategies. However, the company faces some delays as it reassesses high-grade targets to ensure optimal project outcomes. With ongoing advancements in both exploration and metallurgical testing, Cabral Gold Inc. is poised to make significant contributions to the gold mining landscape in Brazil.