Cabral Gold (TSE:CBR) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Cabral Gold has identified a fifth gold-in-oxide blanket at the Jerimum Cima target in Brazil’s Cuiú Cuiú Gold District, with promising trench results showing significant gold mineralization at the surface. This discovery could enhance the company’s gold resource base and positively impact their pre-feasibility study on a heap-leach operation, which previously considered only two deposits. The potential for extensive mineralization suggests further growth opportunities for Cabral Gold in the region.
For further insights into TSE:CBR stock, check out TipRanks’ Stock Analysis page.