Cabral Gold Is Quietly Building a District, Not Just a Starter Mine

• Cabral's current gold resource at Cuiú Cuiú already combines separate estimates from more than one deposit, MG, Central, Pau da Meranda (PDM), and Machichie, rather than a single deposit feeding the Phase 1 starter pit.
• Three main gold deposits, MG, Central, and Jerimum Baixo, have so far been defined at Cuiú Cuiú, alongside newer discoveries at PDM, Machichie NE, Machichie Main, and Jerimum Cima. None of these four yet carries a declared resource in the deeper, harder rock material, though PDM and Machichie already contribute near-surface ounces to the existing resource base.
• Six drill rigs remain active across four targets beyond MG, at Jerimum Cima, Machichie NE, Machichie Main, and Central, with several results still pending.
• Machichie Main hosts a zone of higher-grade mineralisation stretching over more than 1 kilometre where Cabral has not yet declared a resource, while a recent hole at Jerimum Cima returned 9.5 meters grading 87.4 grams per tonne (g/t) gold.
• Cuiú Cuiú sits within the Tapajós Gold Province, which produced an estimated 30 million ounces of placer gold, gold historically panned and washed from riverbeds and sediment, between 1978 and 1995, of which an estimated 2 million ounces came from the Cuiú Cuiú camp itself.

District-Scale Opportunity 

Cabral Gold (TSX-V: CBR | OTCQX: CBGZF) is a junior resource company focused on exploration, development, and near-term production from gold properties in Brazil. The company holds a 100% interest in the Cuiú Cuiú gold district, located in the Tapajós region of Pará state, northern Brazil, and is currently constructing and commissioning a Phase 1 heap leach operation, targeting commercial gold production in the fourth quarter of 2026.

Cabral Gold Inc. recently closed out infill drilling at its Moreira Gomes (MG) gold deposit, a milestone in de-risking the mine plan ahead of first production. Investors focused on that single starter pit may be missing the broader picture the company's own disclosures point to: a district holding multiple gold deposits, several active exploration targets, and a resource base already drawn from more than one deposit, sitting inside a historic gold camp with a documented history of tens of millions of ounces of past gold production.

A Resource Already Built from Multiple Deposits

Cabral's resource base totals 450,200 ounces of confirmed gold plus a further 455,100 ounces at an earlier stage of confidence in the deeper material, and 216,182 confirmed ounces plus 70,569 ounces at an earlier stage in the near-surface material. This is not the product of a single deposit. The near-surface estimate for MG comes from one technical study, Central and Machichie's from a more recent one, and PDM's was calculated separately under different assumptions. Three main gold deposits, MG, Central, and Jerimum Baixo, have so far been defined at Cuiú Cuiú, and the company describes further discoveries at PDM, Machichie NE, Machichie Main, and Jerimum Cima, none of which yet carries a declared resource in the deeper material, though PDM and Machichie's near-surface material already contributes to the existing resource total.

What Separates This from a Typical Starter Heap Leach Project

Cuiú Cuiú sits within the Tapajós Gold Province, the site of what the Brazilian National Mining Agency describes as the largest gold rush in the country's history, estimated to have produced 30 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú itself was the largest area of that historical activity in the province, with an estimated 2 million ounces of past production. That legacy is part of why Cabral continues to run six drill rigs across the Jerimum Cima, Machichie NE, Machichie Main, and Central targets even as the MG starter pit nears production.

The Targets That Could Extend the Story Beyond MG

At Jerimum Cima, drilling is defining a mineralised zone traced 900 meters along strike and remaining open to the east; a recent hole there returned 9.5 meters grading 87.4 g/t gold. At Machichie Main, a zone of higher-grade mineralisation has been defined stretching over more than 1 kilometre, where Cabral has not yet declared a resource, while separate drilling nearby is aimed at adding near-surface ounces. At Central, several mineralised zones remain open to the northwest and southeast, with results pending. Cabral is updating resource models at MG, Jerimum Baixo, and PDM, with further updates planned at Jerimum Cima, Machichie Main, Machichie NE, and Central.

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