Gold Explorer Releases “Excellent” Results from an Extensive Drill Program

Recent intercepts from gold explorer Cabral Gold Inc. (TSXV:CBR) included 22.4 meters of 4.8 g/t gold

Bob Moriarty | March 1, 2022 | SmallCapPower: I wrote a couple of articles about gold explorer Cabral Gold Inc. (TSXV:CBR) in 2020. And here. The company was one of the top gaining stocks in Canada for the year. They are in the midst of a 25,000 meter drill program yet don’t seem to get much respect even with five drills turning.

(The following is an article originally published on 321gold.com on December 20, 2021)

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Cabral has a one million ounce 43-101 resource already that in theory should provide some sort of floor to the share price but it doesn’t seem to work. At the first of 2021 the shares were $.89 before dribbling down to a low of $.34 in late October. They are catching a bid now.

The Tapajós region was from 1978 until 1995 the largest placer gold mining district in history with reported production of between 20 and 30 million ounces of gold. Cuiú Cuiú was the richest piece of the pie with production of an estimated 2 million ounces of gold.

Cabral can work twelve months a year in Brazil. Lately they have been releasing excellent drill results pretty much every week. On December 15th they reported 22.4 meters of 4.8 g/t Au with 1.35 meters of 62.0 g/t Au. On the 9th of December they showed 70.8 meters of 1.0 g/t Au in a new target. A week before on December 2nd they announced more holes with RC237 giving 19.1 meters of 2.2 g/t Au. On the 24th of November they talked about 46 meters of 1.3 g/t Au in a batch of twenty RC holes.

The 25,000-meter program is continuing and investors will be seeing results on an almost weekly basis. As of right now the company has about $7.5 million in the till so they are well financed for the entire program.

Cabral does an excellent job of communicating and their latest presentation should be studied by anyone considering an investment.

I have participated in a private placement with the company. They are an advertiser so naturally I am biased and you should do your own due diligence.

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