Core Viewpoint - Cabral Gold Inc. is progressing well with its Phase 1 gold-in-oxide heap leach project at the Cuiú Cuiú Gold District in Brazil, targeting commercial production in Q4 2026 [3][11]. Construction Update - The construction plan is on schedule and within budget, with detailed engineering 26% complete [4][8]. - Procurement of equipment is 65% complete, with significant items like the ADR plant and mineral sizer currently being manufactured [5][8]. - Earthworks for the permanent mine camp are 90% complete, with construction expected to start in January 2026 [9][8]. Workforce and Human Resources - A total of 143 employees and contractors are currently on site, all of whom are Brazilian, with 80 from the State of Para [13][8]. Exploration and Resource Expansion - An exploration drilling program aimed at expanding hard rock resources is ongoing, with three rigs currently operational on site [8][3]. OTCQX Listing - The company has upgraded its listing from the OTCQB to the OTCQX market, which is expected to enhance visibility and liquidity for U.S. investors [15][16].
Cabral Gold Reports on Construction Progress at Cuiú Cuiú Gold Project
TMX Newsfile·2025-12-17 11:30