Northwire Canada EditionMonday, November 2, 2026
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Gold 3,974.40 +1.9% Silver 51.01 +3.5% Copper 6.57 +1.3% Oil 96.67 −7.2% Palladium 974.00 −1.4% PPX 0.200 −9.1% CDA 0.820 +0.0% SGML 7.74 −18.5% REC 0.075 +36.4% MOLY 1.42 +4.4% NIM 0.610 +1.7% GMX 2.03 +1.5% LEGY 0.800 +0.0% LIB 0.670 +3.1% NOBL 0.075 +0.0% GER 0.005 + BOL 0.055 +0.0% ECR 0.185 −2.6% BBB 0.550 +1.9% WGLD 0.120 +0.0% GLD 0.040 +0.0% Gold 3,974.40 +1.9% Silver 51.01 +3.5% Copper 6.57 +1.3% Oil 96.67 −7.2% Palladium 974.00 −1.4% PPX 0.200 −9.1% CDA 0.820 +0.0% SGML 7.74 −18.5% REC 0.075 +36.4% MOLY 1.42 +4.4% NIM 0.610 +1.7% GMX 2.03 +1.5% LEGY 0.800 +0.0% LIB 0.670 +3.1% NOBL 0.075 +0.0% GER 0.005 + BOL 0.055 +0.0% ECR 0.185 −2.6% BBB 0.550 +1.9% WGLD 0.120 +0.0% GLD 0.040 +0.0%
Drill Results Routine +

Cabral Gold Drills 25m @ 7.5 g/t Gold Including 10m @ 17.1 g/t Gold as Part of Pre-Production Infill Drilling, MG Gold Deposit, Cuiu Cuiu Gold District, Brazil

Cabral’s pre-production infill drilling validates high-grade oxide resources ahead of the Q4 2026 heap-leach ramp-up at its project.

By The Northwire Desk — AI Analysis Jun 11, 2026 · 06:31 CBR · 0.84 Cabral Gold Inc.
Executive Summary
  • Cabral Gold announced assay results from 38 additional reverse circulation (RC) infill drill holes at the MG starter pit within the Cuiú Cuiú Gold District, Brazil.
  • The standout intercept, RC737, returned 25m @ 7.47 g/t Au from surface, including 10m @ 17.09 g/t Au and a high-grade 2m @ 69.3 g/t Au interval.
  • The infill drilling program is now complete with 166 holes totaling 5,767 meters. Assay results have been released for 124 holes, with the final 42 infill holes pending.
  • Results confirm consistent, high-grade gold-in-oxide mineralization near surface, validating the geological model and demonstrating the presence of significant near-surface resources amenable to heap leaching.
  • The program was designed to de-risk the Year 1 mine plan and upgrade the oxide resource ahead of planned commercial heap leach production in Q4 2026.
Material Impact
  • The news represents a routine, incremental follow-up to the ongoing pre-production infill drilling campaign.
  • Results are fully in line with previous expectations and consistent with prior infill releases (e.g., May 26 and April 7 announcements).
  • There are no new surprises, material changes to project economics, or timeline adjustments. The data simply reinforces the resource model and reduces execution risk for the initial mining phase.
  • Given that construction is already 70% complete and plant commissioning has been accelerated to June 2026, the market has likely already priced in the successful completion of the infill program.
  • The impact is positive but incremental, serving as a confidence-building step rather than a catalyst for immediate price appreciation.
CBR · Price
Company Overview
  • Cabral Gold Inc. is developing the Cuiú Cuiú Gold District in the Tapajós Gold Province, Pará, Brazil.
  • Flagship project: Phase 1 gold-in-oxide heap-leach starter operation targeting Q4 2026 commercial production.
  • Processing: Heap leach of near-surface oxide material (saprolite/soil) without the need for crushing or grinding.
  • Resources: Indicated primary 12.29Mt @ 1.14 g/t Au (450,200 oz); Indicated oxide 13.56Mt @ 0.50 g/t Au (216,182 oz). Probable reserves total 128,903 oz Au.
  • PFS (July 2025): NPV5 $73.9M, IRR 78%, AISC $1,210/oz, 6.2-year mine life, 10-month payback at $2,500/oz gold price.
Read the original news release →

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