Highlights
RC421 drilled at the Machichie NE target returned 11m @ 33.0 g/t gold from 50m depth in saprolite and weathered and altered bedrock including 4m @ 89.3 g/t gold from 52m depth.
RC420 drilled at the Machichie Main zone returned 25m @ 2.9 g/t gold from surface in weathered saprolite, including 12m @ 5.5 g/t gold.
RC422 also drilled at Machichie NE returned 21m @ 1.3 g/t gold from surface in saprolite including 3m @ 7.5 g/t gold, and 13m @ 0.5 g/t gold from 36m depth, also in saprolite.
These RC results from Machichie NE confirm the presence of another E-W trending mineralized structure 150m north of the Machichie Main zone discovery where very limited previous drilling returned gold intercepts including 34m @ 5.4 g/t gold. Machichie Main and Machichie NE are located 500m and 650m, respectively, north of the MG gold deposit.
Machichie RC Drill Results
Cabral has defined at least three zones of gold mineralization within the Machichie target area: Machichie Main, Machichie West and Machichie NE. These targets occur along major structural breaks parallel to, and immediately north of the MG gold deposit.
The Machichie NE target is located 150m north of the Machichie Main zone discovery and 650m north of the MG gold deposit. While drilling remains in progress, results to date have been extremely encouraging.
Drill hole RC421 intersected a high-grade zone of 11m @ 33.0 g/t gold from 50m to 61m depth, including 4m @ 89.3 g/t gold. The top part of this interval, from 50m to 53m, is in saprolite and moderately weathered bedrock, whereas the main intercept is in primary bedrock. This appears to represent a previously unrecognized zone of high-grade gold mineralization at Machichie NE which is open at depth and to the east and west.
This hole is particularly interesting in that it is one of the highest-grade intercepts to date at the Cuiu Cuiu project. Further drilling along strike and at depth is planned.
Drill hole RC422, also at Machichie NE, intersected 21m @ 1.3 g/t gold from surface. Surficial material is likely colluvium whereas the higher-grade interval of 3m @ 7.5 g/t gold is in saprolite. This hole was drilled in the eastern part of Machichie NE where the mineralization remains open.
Most of the previous diamond drilling at Machichie focused on the Machichie Main zone and has identified a persistent mineralized zone which is east-trending and dips steeply to the north and is believed to extend E-W for at least 900m. Previous drilling at the Machichie Main zone discovery has intersected gold values up to 34m @ 5.4 g/t gold in saprolite. In the recent drilling, RC420 returned 25m @ 2.9 g/t gold from surface in colluvium and saprolite. This included a higher-grade zone of 12m @ 5.5 g/t gold from 11m to 23m depth.
RC420 is located 175m east of hole RC310 which previously returned 5m @ 27.6 g/t gold, and 235m east of DDH303 which previously returned 6.4m @ 11.6 g/t gold indicating the E-W persistence of a higher-grade mineralized zone for at least 235m at the Machichie Main zone. This zone remains open both to the east and west and will require further drilling.
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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
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