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The Company's key asset is the Cuiú Cuiú project in which it has 100% interest; Indicated resources of 0.2Moz + Inferred resources of 0.8Moz. It is located approximately 20km NW of Eldorado Gold's Tocantinzinho project which has Measured and Indicated resources of 48.7Mt @ 1.35g/t gold (for 2.1Moz) and Inferred resources of 2.4Mt @ 0.9g/t gold (for 0.07Moz).
A gold-in-soil anomaly upside (+70ppb gold) of over 18km is largely untested, and four deposits with resources remain largely open. Drill intercepts in six other targets outside of the existing resources incl. 39m @ 5.1g/t and 27m @ 6.9g/t gold. Numerous additional areas of surface fold mineralization have recently been identified and preliminary results are pending.
Located in the Tapajos Region, where Eldorado Gold has constructed a new 70km road to their flagship project from BR-163 highway, (paved in the last 5 years by the federal government), Cuiú Cuiú is easily accessible through a spur road from there. Cabral's neighbour has recently been granted the construction license and tailings permits. In addition, new hydroelectric power plants are planned for the region, so more growth is expected in the Tapajos area.
This region was the site of the world's largest ever gold rush between the mid 1970's and mid 1990's, and is estimated to have producted 20-30M oz of placer gold alone.
By Crux Investor4.8
3232 ratings
The Company's key asset is the Cuiú Cuiú project in which it has 100% interest; Indicated resources of 0.2Moz + Inferred resources of 0.8Moz. It is located approximately 20km NW of Eldorado Gold's Tocantinzinho project which has Measured and Indicated resources of 48.7Mt @ 1.35g/t gold (for 2.1Moz) and Inferred resources of 2.4Mt @ 0.9g/t gold (for 0.07Moz).
A gold-in-soil anomaly upside (+70ppb gold) of over 18km is largely untested, and four deposits with resources remain largely open. Drill intercepts in six other targets outside of the existing resources incl. 39m @ 5.1g/t and 27m @ 6.9g/t gold. Numerous additional areas of surface fold mineralization have recently been identified and preliminary results are pending.
Located in the Tapajos Region, where Eldorado Gold has constructed a new 70km road to their flagship project from BR-163 highway, (paved in the last 5 years by the federal government), Cuiú Cuiú is easily accessible through a spur road from there. Cabral's neighbour has recently been granted the construction license and tailings permits. In addition, new hydroelectric power plants are planned for the region, so more growth is expected in the Tapajos area.
This region was the site of the world's largest ever gold rush between the mid 1970's and mid 1990's, and is estimated to have producted 20-30M oz of placer gold alone.

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