Cabral Gold: Unlocking Brazil's Next Major Gold Mine
Monday, Oct 21, 2024 6:38 am ET
1min read Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) is poised to become a significant player in the global gold mining industry, with its Cuiú Cuiú project in Brazil. The company's management team, led by CEO Alan Carter, has a proven track record of discovering and developing gold deposits, with five previous discoveries in Brazil. Carter is also the largest shareholder, having invested C$1.8M, demonstrating his confidence in Cabral Gold's prospects.
The Cuiú Cuiú project is a district-scale opportunity, covering 15 x 10km with 43 targets and 4 known deposits. This scale provides Cabral Gold with a long-term growth potential and the ability to create value for shareholders. The project is adjacent to GMining's TZ project, with production expected to start in H2 2024. The 2Moz TZ project, which will be Brazil's third-largest gold mine, is a testament to the region's mining potential.
Cabral Gold's NI 43-101 compliant resources of 21.6 M @ 0.87 g/t gold (604,000oz) and Inferred Resources of 19.8 Mt @ 0.84 g/t gold (534,500 oz) contribute significantly to the project's potential. Additionally, recent discoveries at PDM and Machichie, along with the identified gold-oxide blankets, further enhance the project's overall value. The unconsolidated material in the blankets suggests low mining and processing costs, while column leach tests indicate high gold recoveries of 82% after 70 days.
The management team's strategy of focusing on two main gold deposits and a district-scale project with multiple targets allows Cabral Gold to create value through exploration, development, and potential future discoveries. Their experience in selling a previous company to Ross Beaty and integrating it into Equinox Gold Assets further demonstrates their ability to create value for shareholders.
In conclusion, Cabral Gold's Cuiú Cuiú project represents a significant opportunity in the global gold mining industry. With a proven management team, a district-scale project, and a strong resource base, Cabral Gold is well-positioned to become Brazil's next major gold mine.
The Cuiú Cuiú project is a district-scale opportunity, covering 15 x 10km with 43 targets and 4 known deposits. This scale provides Cabral Gold with a long-term growth potential and the ability to create value for shareholders. The project is adjacent to GMining's TZ project, with production expected to start in H2 2024. The 2Moz TZ project, which will be Brazil's third-largest gold mine, is a testament to the region's mining potential.
Cabral Gold's NI 43-101 compliant resources of 21.6 M @ 0.87 g/t gold (604,000oz) and Inferred Resources of 19.8 Mt @ 0.84 g/t gold (534,500 oz) contribute significantly to the project's potential. Additionally, recent discoveries at PDM and Machichie, along with the identified gold-oxide blankets, further enhance the project's overall value. The unconsolidated material in the blankets suggests low mining and processing costs, while column leach tests indicate high gold recoveries of 82% after 70 days.
The management team's strategy of focusing on two main gold deposits and a district-scale project with multiple targets allows Cabral Gold to create value through exploration, development, and potential future discoveries. Their experience in selling a previous company to Ross Beaty and integrating it into Equinox Gold Assets further demonstrates their ability to create value for shareholders.
In conclusion, Cabral Gold's Cuiú Cuiú project represents a significant opportunity in the global gold mining industry. With a proven management team, a district-scale project, and a strong resource base, Cabral Gold is well-positioned to become Brazil's next major gold mine.
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