Cabral Gold (TSXV:  CBR) has announced additional results from the 2019 drilling program at the Cuiú Cuiú Project, Pará State, Brazil.

A single hole 194-19 drilled at the previously untested Morro da Lua target, returned 2.8m @ 19.5 g/t gold including 0.7m @ 70.3 g/t gold. In addition, hole 194-19 cut 0.5m @ 9.1g/t and 0.6m @ 14.8g/t gold from 130.9m, indicating the presence of multiple high-grade veins at depth and more importantly confirmed the continuation of high-grade mineralization at depth.

Alan Carter, President & CEO stated “We are very pleased with the high-grade drill results from Morro da Lua which add to very compelling high-grade intercepts recently released from the Machichie, Machichie East and Seis Irmaos targets. All four of these targets had no previous drilling and further highlight the excellent high-grade potential of the Cuiú Cuiú project. Additional drilling will be required to determine the size and grade of these new discoveries, together with the high-grade zones at the Central and MG deposits, where there are almost 60 historic drill intercepts above 10g/t gold”.

The company has also announced the terms of a non-brokered private placement of up to 20,000,000 units @ US $0.15 per Unit for gross proceeds of up to US $3,000,000. CBR intends to use the net proceeds to further exploration at its Cuiú Cuiú gold and for general corporate and working capital purposes.

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