Drill Results Routine +

Cabral Gold Drills 107.6m @ 2.5 g/t Gold Including 17.8m @ 13.0 g/t Gold at Jerimum Cima Target, Cuiu Cuiu Gold District, Brazil

Exploration Update

By The Northwire Desk — AI Analysis Jun 02, 2026 · 06:31 CBR · 0.87 Cabral Gold Inc.

Executive Summary

Cabral Gold Inc. announced significant drill results from three new diamond drill holes at the Jerimum Cima target within its Cuiú Cuiú Gold District in Brazil.
Hole DDH384 returned a major intercept of 107.6m @ 2.46 g/t gold from 162.7m depth, including a 17.8m interval averaging 13.04 g/t gold and a high-grade 3.8m interval averaging 59.93 g/t gold.
Results confirm the high-grade mineralized zone is continuous along strike for 455m and extends at least 60m further down-dip to 150m depth.
Mineralization remains open to the east and at depth.
Two diamond drill rigs and one RC rig are actively drilling at Jerimum Cima to generate initial resources for the oxide blanket and primary zones.
Drilling is also ongoing at the Mutum target and Central deposit, with planned drilling at Jerimum Baixo, Machichie Main, and Machichie NE aimed at updating the global resource base later in 2026.

Material Impact

The June 2, 2026 drill results are a direct continuation of the high-grade discovery narrative established in March and May 2026 (e.g., 9.5m @ 87.4 g/t Au and 10.2m @ 8.7 g/t Au).
The intercepts validate the geological model, confirming strike continuity and down-dip extension of the Jerimum Cima target.
This is an expected, incremental exploration update that aligns with the company's stated goal of expanding the district-scale resource base ahead of Phase 2 development.
It does not alter the near-term production timeline, which remains targeted for Q4 2026.
The news is positive but routine, as the market has already priced in the high-grade nature of the discovery and the company's aggressive exploration campaign.

CBR · Price

Company Overview

Cabral Gold is developing the Cuiú Cuiú Gold District in the Tapajós Gold Province of Pará, Brazil.
The project follows a two-stage development strategy: Phase 1 is a gold-in-oxide heap-leach starter operation targeting commercial production in Q4 2026. Phase 2 will focus on hard-rock underground development.
The Updated Pre-Feasibility Study (July 2025) outlines a 1 Mtpa heap-leach plant, 6.2-year mine life, and an all-in-sustaining cost (AISC) of US$1,210/oz.
Financial metrics at a $2,500/oz gold price show an after-tax NPV5 of US$73.9 million and an after-tax IRR of 78%.
The company holds NI 43-101 compliant indicated resources of 12.29 Mt @ 1.14 g/t Au in fresh basement and 13.56 Mt @ 0.50 g/t Au in oxide material.

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