Disseminated on behalf of: Cabral Gold Inc.
Alan Carter, President, CEO and Director of Cabral Gold Inc. (TSXV: CBR | OTCQX: CBGZF), outlines the company’s two-phase development strategy at its Cuiú Cuiú gold district in northern Brazil. With Phase 1 construction now underway, a resource of approximately 1.2 million ounces, and a high-grade discovery in an untested target area, Cabral is building toward near-term cash flow while advancing discovery in one of Brazil’s most prolific gold regions.
Controlling an entire gold district in the Tapajós
Cabral Gold controls an entire gold district in northern Brazil’s Tapajós region, historically the site of the world’s largest gold rush. The company is focused on the Cuiú Cuiú project, the largest placer gold camp in the district and located northwest of the Tocantinzinho gold mine, which is currently the third largest in Brazil. The company’s goal is to develop Cuiú Cuiú in two distinct phases, generating early cash flow from oxide material before scaling into a larger hard rock operation. As global demand for gold intensifies amid macroeconomic uncertainty and currency volatility, Cabral is positioned to deliver production and resource growth from one of Brazil’s most historically rich gold corridors.
Phase 1 construction and a phased path to production
Unlike peers relying solely on exploration upside, Cabral Gold is actively building toward near-term cash flow. Phase 1, currently under construction, will process an estimated 3,000 tonnes per day targeting near-surface weathered oxide material at Cuiú Cuiú. Carter has stated that from Q4 2026 onward, the company expects to produce 25,000 ounces during the first year of operation at an all-in cost of US$1,210 per ounce. This disciplined approach ensures that early production economics directly support the larger ambition. Carter noted that “the cash flow from Phase 1 will assist us with growing the global resource and developing the much larger Phase 2 operation targeting the hard rock resources.” The two-phase model gives investors a clear line of sight from construction to production to district-scale development.
Gold demand and district-scale exposure drive investor appeal
With gold remaining a critical defensive asset in periods of macro uncertainty and central bank accumulation near record levels, district-scale gold projects in established jurisdictions command increasing attention from investors. Cabral’s Cuiú Cuiú project holds indicated and inferred resources of approximately 1.2 million ounces, last updated in September 2022, with significant scope for expansion across more than 50 identified targets. By combining near-term cash flow generation with meaningful resource growth potential, Cabral aims to offer investors leveraged exposure to gold price appreciation alongside active discovery in one of Brazil’s most prolific gold-producing regions.
High-grade results and expanding targets signal resource growth
Recent milestones include Phase 1 construction now actively underway, three drill rigs currently turning across the district, and a standout result at the Jerimum Cima target: 9.5 metres at 87.4 grams per tonne of gold, the best hole drilled within the district to date, located outside the known deposits. Carter summarized the company’s position clearly: “With construction underway, exploration delivering high-grade results and dozens of targets still to test, Cabral Gold offers investors exposure to both cash flow and discovery in one of Brazil’s most prolific gold regions.”
These results mark a meaningful step forward in demonstrating the district’s open-ended growth potential beyond the current resource boundary. Continued drilling across the remaining targets is expected throughout 2026.
Positioned at the intersection of gold demand and Brazilian district-scale growth
As Cabral Gold continues to advance Cuiú Cuiú from resource definition toward production, it stands at the intersection of rising gold demand and disciplined district-scale exploration. With Phase 1 on track for Q4 2026 first production, a growing pipeline of high-priority targets, and a self-funding model designed to accelerate Phase 2, Cabral is positioned to deliver measurable, scalable progress across one of Brazil’s most historically significant gold districts.
Transcript
Alan Carter
Cabral Gold controls an entire gold district in northern Brazil. The project is located in a region called the Tapajós which was historically the site of the world’s largest gold rush.
Cuiú Cuiú was the largest placer gold camp and is located northwest of the Tocantinzinho gold mine, which is currently the third largest gold mine in Brazil.
Our strategy is to develop the Cuiú Cuiú district in two phases. Phase 1 is under construction now and will target the near surface weathered oxide material at Cuiú Cuiú.
From the fourth quarter of this year, 2026, we will process an estimated 3,000 tonnes per day at an all-in cost of US$1,210 per ounce and expect to produce 25,000 ounces during the first year of operation.
The cash flow from Phase 1 will assist us with growing the global resource and developing the much larger Phase 2 operation targeting the hard rock resources.
Indicated and Inferred resources were last updated in September 2022 and amount to approximately 1.2 million ounces.
But perhaps the most exciting part is what we are still discovering. There are over 50 targets at Cuiú Cuiú and we have three rigs currently turning. We recently drilled 9.5 metres at 87.4 grams per tonne of gold at the Jerimum Cima target which is located outside of the known deposits and is the best hole so far drilled within the district.
With construction underway, exploration delivering high-grade results, and dozens of targets still to test, Cabral Gold offers investors exposure to both cash flow and discovery in one of Brazil’s most prolific gold regions.
About Cabral Gold Inc.
Cabral Gold Inc. (TSXV: CBR | OTCQX: CBGZF) is a junior resource company engaged in the identification, exploration, and development of mineral properties, with a primary focus on gold properties located in Brazil. The company has a 100 per cent interest in the Cuiú Cuiú gold district located in the Tapajós Region, within the state of Pará in northern Brazil. Three main gold deposits have so far been defined at the Cuiú Cuiú project which contain National Instrument (“NI”) 43-101 compliant Indicated resources of 12.29Mt @ 1.14 g/t gold (450,200oz) in fresh basement material and 13.56Mt @ 0.50 g/t gold (216,182oz) in oxide material. The project also contains Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) in fresh basement material and 6.4Mt @ 0.34 g/t gold (70,569oz) in oxide material. The resource estimate for the primary material is based on the NI 43-101 technical report dated October 12, 2022. The resource estimate for the oxide material at PDM and MG is based on a NI 43-101 technical report dated October 21, 2024. The resource estimate for the oxide material at Central and Machichie is based on a NI43-101 technical report (“Updated PFS”) dated July 29, 2025.
The Tapajós Gold Province is the site of the largest gold rush in Brazil’s history which, according to the Agência Nacional de Mineração or National Mining Agency of Brazil, produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest area of placer workings in the Tapajós and produced an estimated 2 million ounces of placer gold historically.
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