Northwire Canada EditionSaturday, November 7, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results Routine +

Cabral Gold Drills 10.2m @ 8.7 g/t Gold Including 1.3m @ 62.5 g/t Gold at Jerimum Cima Target, Cuiu Cuiu Gold District, Brazil

Cabral Gold Extends Jerimum Cima Discovery as Phase 1 Construction Nears Completion

By The Northwire Desk — AI Analysis May 13, 2026 · 06:31 CBR · 1.0 Cabral Gold Inc.
Executive Summary
  • Cabral Gold announced significant diamond drill results from the Jerimum Cima target within the Cuiú Cuiú Gold District, Brazil.
  • Drill hole DDH378 returned 10.2m @ 8.7 g/t gold including 1.3m @ 62.5 g/t gold.
  • The high-grade zone extends at least 455 metres along strike and remains open to the east and at depth.
  • Broader E-W trending mineralized zone estimated up to 200m wide and extends at least 750m along strike.
  • Continued infill drilling at the MG gold deposit confirmed good grades within weathered saprolite.
  • Phase 1 gold-in-oxide mining production expected to commence in Q4 2026.
Material Impact
  • The news confirms and extends a high-grade discovery previously announced in March 2026 (9.5m @ 87.4 g/t Au), validating the district's potential beyond Phase 1 oxide resources.
  • While positive, this is an extension of known mineralization rather than a new discovery or fundamental change to project economics; market expectations for high-grade hard rock targets were already priced in following the March announcement and subsequent financing.
  • The results support long-term resource growth for Phase 2 but do not materially alter the immediate Q4 2026 production timeline of the funded Phase 1 oxide operation.
  • Given the recent $20M bought deal financing (April 2026) at C$0.95, the current price action around $1.00 suggests limited upside from this specific drill release alone without a catalyst like production start or reserve upgrade.
CBR · Price
Company Overview
  • Company: Cabral Gold Corp., focused on the Cuiú Cuiú Gold District in Pará, Brazil.
  • Flagship Project: Phase 1 gold-in-oxide heap leach operation at MG/Central deposits; Phase 2 hard rock development.
  • Strategy: Two-stage development using a starter oxide operation to generate cash flow for exploration and future hard rock expansion.
  • Production Target: Q4 2026 commercial production with ~25,000 oz/yr initial output.
  • Cost Profile: All-in-sustaining cost (AISC) estimated at US$1,210/oz in base case PFS.
Read the original news release →

More from Cabral Gold Inc.

Oct 20, 2026 · 06:30

Cabral Gold Expands the Central Gold Deposit, Cuiu Cuiu Gold District, Brazil

Drill Results Sep 30, 2026 · 06:30

Cabral’s first gold sales validate operations, though revenue remains modest ahead of Q4.

Production / Operations Sep 10, 2026 · 07:15

Cabral’s first 1,130 oz pour at Cuiú Cuiú confirms producer status ahead of a ramp to 3,000 tpd next.

Production / Operations Aug 27, 2026 · 07:00

Cabral identified a new parallel Jerimum Cima gold zone, which shows encouraging but modest results compared to prior bonanza hits.

Drill Results Aug 24, 2026 · 14:38

Cabral raises $45m to fund final development stages ahead of first gold production in September.

Financings Aug 13, 2026 · 06:30

Cabral nears plant construction completion, accelerating first gold pour to September 2026.

Production / Operations