Cabral Gold Announces Additional Drill Results from Pre-Production Infill Drilling at the MG Gold Deposit, Cuiu Cuiu Gold District, Brazil
Cabral’s final MG infill assays confirm consistent oxide grades from surface, de-risking the Year 1 mine plan and Q4 2026 production start.
Cabral Gold Inc. (CBR) has completed a 165-hole, 5,767-meter drilling program at its MG starter pit, delivering the final batch of 41 reverse circulation (RC) infill holes. This work upgrades resources to the measured category ahead of Phase 1 heap-leach production scheduled for the fourth quarter of 2026.
Notable intercepts from surface, reported as core length with gold-in-oxide grades, include: - RC748: 17 m @ 1.93 g/t Au (including 4 m @ 5.88 g/t and 1 m @ 15.91 g/t) - RC772: 34 m @ 0.50 g/t Au - RC746: 14 m @ 0.81 g/t Au (including 2 m @ 2.08 g/t) - RC747: 16 m @ 0.77 g/t Au (including 5 m @ 1.51 g/t) - RC744: 10 m @ 0.72 g/t Au (including 2 m @ 1.24 g/t) - RC745: 13 m @ 0.46 g/t Au - RC749: 14 m @ 0.74 g/t Au (including 2 m @ 2.15 g/t) - RC750: 17 m @ 0.62 g/t Au (including 3 m @ 1.96 g/t) - RC751: 18 m @ 0.64 g/t Au - RC752: 18 m @ 0.57 g/t Au - RC753: 25 m @ 0.52 g/t Au - RC754: 25 m @ 0.53 g/t Au - RC755: 25 m @ 0.57 g/t Au
The infill drilling was conducted on a nominal 12.5-meter grid to support the Year 1 mine plan and de-risk production. Meanwhile, six rigs continue exploration activities at the Jerimum Cima, Machichie, and Central projects.
Cabral Gold Inc. (CBR) released the final installment of its long-running MG infill campaign, with results aligning entirely with earlier batches from May 7, June 11, and July 9. The findings do not alter the resource envelope or mine-plan expectations.
The stock price had already responded materially to high-grade infill hits, specifically RC737 on June 11, which drove a rally, and to the commencement of commissioning on July 9. By July 20, the price had eased back to $1.01 from a local high of $1.10, absorbing those positive events. This news serves as confirmatory of the existing thesis and likely had no significant independent impact on the equity.
For a company transitioning from explorer to producer, infill results that match the model are positive but expected. The market cares more about construction milestones and exploration discoveries, such as Jerimum Cima.
Cabral Gold Inc. is developing the Cuiú Cuiú gold district in the Tapajós Province, Pará, Brazil. The project hosts a large resource base comprising 450 koz indicated and 455 koz inferred in fresh rock, plus 216 koz indicated and 70 koz inferred in oxide. The Phase 1 heap-leach starter operation targets the oxide material, with an updated PFS from July 2025 showing an after-tax IRR of 78%, NPV5 of US$74 M, and payback of 10 months at $2,500/oz Au. Construction is approximately 85% complete, commissioning is underway, and commercial production is planned for Q4 2026.
Exploration continues across multiple targets, most notably the high-grade Jerimum Cima discovery, which is not yet in the resource base. Recent results include intercepts such as 9.5 m @ 87.4 g/t Au.