Cabral Gold Drills 7m @ 5.1 g/t Gold at the Machichie NE Target and Extends High-Grade Zone Down-Dip, Cuiu Cuiu Gold District, Brazil

On November 20, 2025, Cabral Gold announced new diamond drill results from the Machichie NE target at its Cuiú Cuiú Gold District in Brazil. The highlight was drill hole DDH351, which intersected 7.0 meters grading 5.1 g/t gold. This result extends the known high-grade mineralized zone down-dip. The company states the mineralized zone at Machichie NE is now known to extend 250 meters along strike and remains open for expansion. CEO Alan Carter commented that the results are "very significant" and indicate the zone continues at depth and along strike, with additional drilling planned.

The drill results announced on November 20, 2025, are incrementally positive but do not represent a material change to the company's near-term outlook. They confirm the continuity of mineralization at the Machichie NE target, which supports the long-term exploration potential of the Cuiú Cuiú district. The headline intercept of 7m @ 5.1 g/t gold is solid, but less impactful than the bonanza-grade results announced from the same target on April 3, 2025 (12m @ 27.7 g/t gold).

The most significant and material event in the company's recent history was the October 16, 2025, announcement of a US$45 million gold loan agreement. This financing fully funds the US$37.7 million capex for the heap leach starter project and triggered the formal construction decision. That news was a "game changer" as it de-risked the project's financing and marked the company's transition from explorer to developer/producer.

In that context, the current drill results are routine. They are part of the ongoing exploration program designed to add ounces and demonstrate the broader potential beyond the initial starter mine. While positive, the results are in line with expectations for a promising target and do not alter the primary investment thesis, which is now centered on the successful construction and commissioning of the heap leach operation. The market's focus has shifted from exploration discovery to construction execution.

Cabral Gold Inc. is a Canadian-listed junior mining company focused on the exploration and development of its 100%-owned Cuiú Cuiú Gold District in the Tapajós region of Pará State, Brazil. The project was the site of the largest placer gold rush in Brazil's history. The company's strategy is to fast-track a low-capex "starter project" by mining and processing near-surface, heap-leachable gold-in-oxide material. Cash flow from this operation is intended to fund aggressive exploration of the district's much larger underlying hard-rock (primary) gold potential. The company recently made a formal decision to construct the heap leach starter project.