Cabral Gold Extends Machichie Main Down-dip and Drills New Mineralized Zone, Cuiu Cuiu Gold District, Brazil
Construction De-risked as Exploration Drills Expand Hard-Rock Potential Beyond Starter Pit
The news release dated January 15, 2026, reports significant drill results from the Machichie Main zone at the Cuiú Cuiú project in Brazil. Key intercepts include 6m at 1.78 g/t gold (DDH353), which extends the known mineralized zone down-dip. Crucially, the company discovered a new parallel zone of mineralization 100 meters south of the main structure (DDH354: 5.4m @ 1.41 g/t). Operationally, Cabral confirmed that Phase 1 gold-in-oxide construction is progressing ahead of plan due to favorable weather, with procurement nearly complete and a fourth drill rig expected to arrive in February to accelerate resource expansion.
This news is materially positive because it demonstrates "reserve replacement" potential while the mine is still under construction. - Expansion of Machichie: Extending the zone down-dip and finding a parallel structure suggests the hard-rock resource (fresh rock) could be significantly larger than currently modeled. This is vital for the company's "Phase 2" transition from a 6.2-year oxide starter project to a larger, long-term hard-rock operation. - Construction De-risking: Reporting "above plan productivity" during the Brazilian rainy season is a rare positive for developers in this region. This reduces the risk of the Q4 2026 production target slipping. - Rig Count: Moving to 4 rigs indicates a shift from defensive "infill" drilling to aggressive expansion, signaled by a healthy treasury following the late 2025 financing.
Cabral Gold is focused on the 100% owned Cuiú Cuiú gold district in Pará State, Brazil. The project is situated in the Tapajós region, historically the site of a major gold rush. - Flagship Project: Cuiú Cuiú. - Development Strategy: A two-phase approach. Phase 1 is a low-capex (US$37.7M) heap-leach operation targeting near-surface gold-in-oxide (saprolite). Phase 2 targets the underlying 80% of resources held in primary hard-rock structures. - Infrastructure: Adjacent to G Mining’s Tocantinzinho mine, providing regional infrastructure and labor.