Cabral Gold is a mineral exploration company focused on gold and copper. The company was founded in 2014 and is headquartered in Vancouver, Canada. Magellan Brazil is a subsidiary of the company. The company is listed on the Toronto Stock Exchange (TSX-V: CBR) and the OTC Markets (OTCQX: CBGZF). The company's key assets include the Cuiú Cuiú Project in Northern Brazil, The Tapajos Region, and the Bom Jardim project. 

Cabral Gold has an advanced gold project in North Brazil with 2 gold deposits that are 43-101 complaint resources. These resources collectively output a supply of 1Moz. The company has identified 43 targets within an 8 km area of the main deposits. They already have 3 drill rigs on-site and have recently signed a contract to add 2 additional drill rigs. These rigs will be carrying out the target exploration for the next 9-12 months.

The company's second objective is 70 holes drilled across a blanket of low-grade material, this site will require 3 months of operation.

Cabral Gold had a strong 2020 and 2021. The company was able to raise $11.5M, the largest financing deal in the company's history. The capital raised was made possible through bought deal financing and these funds are planned towards significantly ramping up the company's drilling program. 

Cabral Gold's bought deal backed by a syndicate of 4 brokers, offering a low-risk, guaranteed financing option. The company recently issued a half warrant set at $0.80 without a price cap, allowing it to be freely tradable. Cabral Gold expects this warrant will bring in an additional cash flow of $7M-$8M.

Cabral Gold currently has $12.5M in liquidity and is focused towards high-grade targets at the Cuiú Cuiú site. The priority is towards drilling high-grade zones that have already been identified by utilising 5 drill rigs.

The company has targeted the low-grade blanket at the surface, where one rig would be operational for 3 months. The grade here ranges between 0.5g/t - 1g/t, while higher-grade samples reach up to 3g/t. Since the main deposit is located below this blanket, mining the surface offers a low-cost, minimal processing option that has the potential to add ounces to the company's overall supply. Additionally, this low-grade material does not require grinding, leading to further optimisation of cost and resources.

The company is looking to start with a small-scale production with a low CapEx as they believe that more value can be generated through discovery. The 43 targets identified by the company have shown promise as 10 have shown high intercepts, and another 12 targets feature high-grade veins.

Cabral Gold is focused on tracing intercepts and eventually step up to identify potential deposits from these targets. The company has planned a 9-12 month exploration program with extensive drilling and tests carried out on the high-grade targets. The company currently has the funding to meet its current exploration goals.