Cabral Gold (TSE:CBR) has released an update.
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Cabral Gold Inc. reports significant progress on the prefeasibility study for its Cuiú Cuiú Gold Project in Brazil, with the study 87% complete and encouraging initial results from metallurgical test work indicating gold recoveries of 82%. The company is focused on detailed cost estimates and optimizing the project design for efficient, cost-effective operation, while recent drilling results have bolstered resource estimates and identified a potential third source of high-grade oxide material.
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