Cabral Gold Drills 23m @ 4.7 g/t gold at the PDM target, Cuiú Cuiú Gold District, Brazil

Core Viewpoint - Cabral Gold Inc. has reported promising drill results from the PDM target in the Cuiú Cuiú Gold District, indicating the presence of high-grade gold structures and potential for resource expansion [3][4][7]. Group 1: Drill Results - Diamond drill hole DDH346 intersected 23.3m at 4.7 g/t gold from a depth of 57m, including high-grade intervals of 1m at 91.3 g/t and 1m at 8.1 g/t gold [7][12]. - The mineralized zone remains open at depth and along strike, suggesting continuity of high-grade mineralization [15]. - Previous drill results from the PDM target have shown significant gold grades, including 22.4m at 4.8 g/t and 18.0m at 2.5 g/t [9][10]. Group 2: Resource Expansion - Recent drilling has expanded the surface area of the gold-in-oxide mineralized blanket at PDM by 50%, from 0.26 km² to 0.39 km² [10]. - The company plans additional drilling to assess the size of the hard rock gold resource at PDM, which is located only 2.5km from the Central gold deposit [3][4]. - The PDM target is part of a larger northwest-trending gold-in-soil anomaly that has been traced for over 5km [5]. Group 3: Financial and Operational Context - The recent drill results follow the announcement of a US$45 million construction financing for Phase 1 operations at Cuiú Cuiú, aimed at heap leach processing of near-surface gold-in-oxide material [4]. - The company has a 100% interest in the Cuiú Cuiú gold district, which contains significant indicated and inferred resources [21][22].