Drill Results

Cabral Gold Announces the Results of Infill Drilling at the MG Gold Deposit, Cuiu Cuiu Gold District, Brazil

Gold explorer advancing the Cuiu Cuiu project

By The Northwire Desk — AI Analysis Apr 07, 2026 · 06:37 CBR · 0.94 Cabral Gold Inc.

Executive Summary

On April 7 2026 Cabral Gold released results from an initial batch of 24 shallow reverse‑circulation (RC) infill holes at the MG starter pit in the Cuiu Cuiu gold district, Brazil.
Notable intercepts include: RC625 – 48 m @ 1.35 g/t Au; RC626 – 17 m @ 2.27 g/t Au from surface; RC633 – 42 m @ 0.64 g/t Au from surface, etc., with several holes showing >0.5 g/t Au over widths ≥30 m and localized high‑grade sub‑intervals (e.g., 1 m @ 31.94 g/t).
The results confirm significant near‑surface gold‑in‑oxide mineralization, support an upgrade to the current reserve estimate and feed a refined Phase 1 mine plan targeting commercial production in Q4 2026.
Cabral will complete the remaining infill program (total 68 RC holes, 3,174 m) by month‑end and expand exploration drilling of underlying hard‑rock targets following the C$20 M bought‑deal financing announced March 25 2026.

Material Impact

The news is positive but largely expected: it follows a previously announced infill drilling program tied to the recent $20 M bought‑deal financing and aligns with the company’s stated goal of upgrading the MG starter pit reserve ahead of Phase 1 production.
No new, unexpected catalyst (e.g., a major discovery, surprise financing, or permitting breakthrough) is presented; rather it validates ongoing work already disclosed in prior releases (high‑grade Jerimum Cima intercepts, LP permit, construction progress).
Consequently the impact is routine‑positive – incremental confirmation that keeps the project on track but does not materially alter valuation beyond what was already priced in.

CBR · Price

Company Overview

Cabral Gold Inc. is a TSX‑V listed explorer focused on advancing its Cuiu Cuiu gold district in Pará, Brazil.
The flagship asset is the Phase 1 heap‑leach starter operation targeting near‑surface gold‑in‑oxide material from the MG, Central and Machichie deposits.
Updated PFS (July 2025) indicates:
Indicated resources – fresh basement: 12.29 Mt @ 1.14 g/t Au (~450,200 oz); oxide: 13.56 Mt @ 0.50 g/t Au (~216,182 oz).
Inferred resources – fresh basement: 13.63 Mt @ 1.04 g/t Au (~455,100 oz); oxide: 6.4 Mt @ 0.34 g/t Au (~70,569 oz).
Planned capacity: 1 Mtpa heap‑leach plant; mine life ~6.2 years; AISC US$1,210/oz; IRR 78%; NPV₅ US$74 M (base case $2,500/oz gold).
Commercial production targeted for Q4 2026 following plant commissioning in Q3 2026.

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