Alan Carter, Cabral’s President and CEO commented, “The initial RC drill results from the Hamilton Novo vein structure suggest the continuity of high-grade mineralization both at depth and along strike.
Previous channel sampling across the exposed vein at Hamilton Novo returned 5.8m @ 16.0 g/t gold and a single historic diamond drill hole drilled 40m SW of that channel sample returned 3m @ 7.4 g/t gold.
This is undoubtedly the same zone as the historic hole DDH-104 which returned 12m @ 2.3 g/t gold and appears to be derived from the erosion of the recently identified high-grade 104 Zone where recent drilling intersected 2.1m @ 29.4 g/t gold.
The drill program at JN was abandoned due to excessive water flows which meant that none of the holes reached the projected target depth and hence were unable to test the down-dip extent of the high-grade vein structure on surface which returned 5.3m @ 24.0 g/t gold.
The Company is a junior resource company engaged in the identification, exploration and development of mineral properties, with a primary focus on gold properties located in Brazil.
FAusIMM and AIG., a consultant to the Company as well as a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.
Gold analysis has been conducted by SGS method FAA505 , with higher grade samples checked by FAA525.