Cabral Gold Drills 9.5m @ 87.4 g/t Gold at Jerimum Cima Target, Cuiu Cuiu Gold District, Brazil
Transitioning from explorer to producer with high-grade "bonanza" discoveries and a fully funded path to Q4 2026 production.
The most recent news (March 12, 2026) reports exceptional drill results from the Jerimum Cima target at the Cuiú Cuiú project. Hole DDH372 returned 9.5m @ 87.4 g/t gold, including a "bonanza" interval of 2.9m @ 285.5 g/t gold. This follows the March 10, 2026, announcement that the company received the Licença Prévia (LP), a critical environmental permit for the full mining license. Additionally, the March 5, 2026, update confirmed that Phase 1 construction is 54% complete and remains on schedule for Q4 2026 production.
The impact is Material - Positive. While the construction progress is routine, the combination of the LP permit and the bonanza drill results significantly de-risks and enhances the project's value: - Permitting De-risking: The LP is the most difficult regulatory hurdle in Brazil. Securing it provides a clear path to the Installation (LI) and Operating (LO) licenses, moving the project toward a full-scale 1Mt/yr operation. - Resource Upside: The 87.4 g/t gold intercept at Jerimum Cima suggests the presence of a high-grade "core" that was not previously modeled. This could materially improve the head grade and economics of future mining phases beyond the current Phase 1 oxide plan. - Execution Confidence: Being 54% complete and on budget with 71% of costs committed reduces the risk of capital cost overruns, which is a primary concern for junior developers.
Cabral Gold owns 100% of the Cuiú Cuiú Gold District in Pará State, Brazil. The project is split into two phases: - Phase 1: A low-capex gold-in-oxide heap leach starter project targeting ~113,000 oz over 6.2 years. - Phase 2: A much larger potential operation targeting the primary hard-rock (basement) mineralization, which currently contains over 900,000 oz of Indicated and Inferred resources.