An update from Cabral Gold ( (TSE:CBR) ) is now available.
Cabral Gold Inc. announced promising assay results from trenches and reverse circulation drill holes at the Machichie Main gold deposit in the Cuiú Cuiú Gold District, Brazil. The results indicate significant gold mineralization both at the surface and at depth, which supports efforts to upgrade the resource classification from Inferred to Indicated. This development is crucial for advancing their plans for a heap leach starter operation, potentially enhancing the company’s resource base and market positioning.
More about Cabral Gold
Cabral Gold Inc. operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in exploring the Cuiú Cuiú Gold District in Brazil, aiming to identify and develop gold deposits.
YTD Price Performance: 26.25%
Average Trading Volume: 139,189
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $37.5M
Find detailed analytics on CBR stock on TipRanks’ Stock Analysis page.