Cabral Gold

“The surface trench results from CT050 at the Jerimum Cima target confirm that we have a fifth gold-in-oxide blanket within the Cuiú Cuiú gold district. The results demonstrate the presence of extensive gold-in-oxide mineralization of excellent grade at Jerimum Cima. This is likely to have a very positive impact on the recent PFS study on a starter heap-leach operation which only considered mining gold-in-oxide material from the MG and Central gold deposits. The potential to upgrade Inferred material at both MG and Central and the likelihood of adding additional Indicated material with further material at the PDM and Machichie discoveries and now at Jerimum Cima, bode very well for growing the overall gold-in-oxide resource base. Furthermore, the presence of zones of higher-grade gold mineralization in the near surface saprolite to the east of the Jerimum Cima area that was previously targeted by the reconnaissance drilling, suggests that those zones of higher-grade mineralization may be more extensive than previously envisaged, with a high likelihood of extending into the underlying bedrock.” -- Alan Carter, President & CEO https://lnkd.in/dB-G9fkQ

Yet another high grade hit at Machichie NE and this is just one of 50+ targets outside of the known gold deposits at Cuiu Cuiu - very proud of the team

“The results from DDH331 suggest the Machichie NE zone contains significant high-grade gold mineralization and extends for at least 200m along strike. The mineralized zone, which is open at depth and along strike, is located just 650m north of the MG gold deposit and only 150m NE of the Machichie Main Zone. These results further support previous high-grade drill results at Machichie NE, including 11m @ 33 g/t gold and 6m @ 13.3 g/t gold. These latest drill results continue to suggest that we have made a significant gold discovery at Machichie NE.” “At the Central gold deposit, the RC drill results from the gold-in-oxide material suggest that much of the current gold-in-oxide Inferred resources, which were not considered in the recently released prefeasibility study, could likely be upgraded to Indicated resources. If so, this material may be included in an updated mine plan for the Central deposit in the coming months and prior to a construction decision.” -- Alan Carter, President & CEO https://lnkd.in/dHUH2rQR

"The PFS confirms an economically attractive starter heap-leach and open-pit mining operation targeting the weathered gold-in-oxide mineralization at Cuiú Cuiú and outlines a pathway for funding the evaluation and drill testing of numerous targets within the Cuiú Cuiú district. With capital expenditures of just US$37.4 million and an average operating cash cost4 of $1,154/oz of gold, the initial gold-in-oxide project is expected to generate strong cashflows. This cash flow will be used to fund an aggressive program of drilling directed towards the company’s principal objective of expanding the much larger primary hard rock resource base and drill testing the numerous targets within the Cuiú Cuiú district. The PFS has identified several areas that should further improve the projected financial returns. Meanwhile, further drilling could lead to significant growth of the gold-in-oxide resource base and hence the mine life. In particular, this may lead to additional Indicated resources from Machichie into the mine sequencing as well as the upgrading of Inferred resources at Central to the Indicated category for inclusion in the mine plan. The company now plans to move forward with the completion of detailed engineering work, further resource drilling, modelling designed to grow the resource base and securing the necessary project financing, allowing for an investment decision during Q2 2025." -- Alan Carter, President & CEO https://lnkd.in/dpjgsFAR

Cabral Gold celebrates the inauguration of the new Cuiu Cuiu school in partnership with local government, supporting education and community development! Alan Carter, Ruari McKnight, Brian Arkell

“These column leach test results are very encouraging and confirm that that the gold-in-oxide material at the MG gold deposit at Cuiú Cuiú is amenable to heap-leach processing. The leach recoveries of 92% to 93% are excellent and significantly better than previous test work which revealed an 82% recovery. They are also significantly higher than most heap leach gold mines that are currently in operation. These results should allow us to positively adjust our projected gold recoveries which form part of the ongoing prefeasibility study. These gold recoveries are particularly significant given the recent excellent drill results we are seeing from the Machichie Main and Machichie NE targets which are located only 500m and 650m north of the MG gold deposit, and indicate significant potential for additions of gold-in-oxide material in close proximity to MG.” -- Alan Carter, President & CEO https://lnkd.in/dVWx_pVT

“These follow up drill results are part of an ongoing follow-up drill program at Machichie NE aimed at determining the continuity and extent of the high-grade mineralized zone recently intersected in RC0421 which returned 11m @ 33.0 g/t gold including 4m @ 89.3 g/t gold. The results from RC0449 clearly indicate continuity of the high-grade zone to the east and the zone remains open in all directions and at depth. These results also reveal the presence of lower grade gold mineralization in near surface saprolite material at Machichie NE particularly to the southeast. This again has positive implications regarding the potential for adding near-surface oxide resources at Machichie NE. These latest results continue to suggest that we have made a significant new gold discovery at Machichie NE within the Cuiú Cuiú Gold District. There is excellent potential to add ounces to both the primary hard rock gold resources, as well as the gold-in-oxide resource base. It is highly encouraging that as we continue our drill program, which is primarily aimed at adding near-surface oxide resources which could be amenable to trial mining and heap-leach processing, we are also making exciting new discoveries in the primary granitic bedrock at Cuiú Cuiú. This continues to add to the growing body of evidence suggesting that the global resource base within the Cuiú Cuiú district should grow significantly in the future.” -- Alan Carter, President & CEO https://lnkd.in/dRCDGqfw

“The Machichie West target has never been previously tested by drilling, but previous trenching produced encouraging results including 96.5m @ 0.6 g/t gold and 138m @ 0.5 g/t gold. Following the recent success of near-surface drilling at the Machichie NE target where RC421 recently returned 11m @ 33 g/t gold, this maiden reconnaissance drill program at Machichie West was designed to follow up surface trench results and define the near surface potential for additional oxide resources. The results from hole RC439 look particularly encouraging and may indicate the presence of another new zone of gold mineralization which extends to surface. As with recent results from the Machichie Main and Machichie NE zones, these results indicate the presence of additional near surface gold-in-oxide mineralization in close proximity to the MG gold deposit.” -- Alan Carter, President & CEO “The drilling at Machichie is still widely spaced and there some large gaps, but it appears that Machichie West is the westward continuation of the major E-W trending structural zone coming out of Machichie Main zone. Mineralization is still open to the west as well as the east where we have a large gap in drilling between Machichie West and Machichie Main. The overall Machichie trend has now been defined as over 1.5 kilometres long, and given the proximity to MG, Machichie could provide significant upside to the overall gold-in-oxide development project.” -- Brian Arkell, VP Exploration and Technical Services https://lnkd.in/dKJQSXmD

Cabral Gold Announces Appointment of Samantha Shorter as Chief Financial Officer “I am extremely pleased that Samantha has accepted the position of Chief Financial Officer with the Company. Her qualifications and experience in Brazil, and with companies that are in production, make her an ideal fit for the Company as we advance towards completion of the PFS on the initial trial mining and heap leach operation at Cuiú Cuiú. I would also like to thank Paul Hansed, the outgoing CFO, who is retiring, for his numerous valuable contributions to the Company. Paul has consistently gone above and beyond for this Company and we wish him a very happy retirement.” -- Alan Carter, President & CEO https://lnkd.in/drixQ4Py

“The assay results from RC421 at the Machichie NE target are amongst the top three drill holes ever drilled at Cuiú Cuiú and are the best results drilled to date outside of the known Central and MG gold deposits. The Machichie NE target is located immediately north of the Machichie Main zone discovery and the MG gold deposit all of which contain high-grade E-W trending mineralized structures. The extent of the mineralized structures at both Machichie NE and Machichie Main still need to be determined. These results not only have very positive implications for the presence of additional near surface gold-in-oxide resources at Cuiú Cuiú, but also suggest the presence of significant zones of high-grade mineralization in primary bedrock underlying the weathered material. Further drilling is in progress and is aimed at determining the size of both the Machichie Main zone and the more recent Machichie NE discovery.” -- Alan Carter, President & CEO "The Machichie area continues to return very encouraging results especially in the NE where we are encountering higher grades in major structural breaks. These are some of the highest grades encountered to date on the property and illustrate the significant exploration potential, not only laterally and at depth, but also within newly defined sub-parallel structural zones. Results thus far at Machichie demonstrate significant potential to add resources and higher-grade material to our oxide project, especially given the proximity of the Machichie NE and Machichie Main zones to the MG gold deposit. Further results are expected in the coming weeks as we continue to prioritize drilling for extensions where mineralization remains open to both the west and east.” -- Brian Arkell, VP Exploration and Technical Services https://lnkd.in/dkTEAc7i