Mr. Alan Carter reports
CABRAL GOLD ANNOUNCES U.S. LISTING ON OTCQB
Cabral Gold Inc.'s common shares have commenced trading on the OTCQB marketplace under the symbol CBGZF. The company's common shares will continue to trade on the TSX Venture Exchange under the symbol CBR.
The company expects that the listing on the OTCQB will provide greater visibility and convenience of trading for U.S. investors, resulting in enhanced liquidity and greater reach.
"The listing on OTCQB helps introduce Cabral to a larger audience and improve liquidity in the stock, which is an important factor in the company's development," said Alan Carter, chief executive officer. "The U.S. market is indispensable for accessing larger pools of capital, and the U.S. listing gives millions of U.S. investors easier access to transact Cabral shares."
The OTCQB Venture Market is for early-stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find real-time quotes and market information for the company on the OTC Markets website.
About Cabral Gold Inc.
The company 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 Cuiu Cuiu gold district located in the Tapajos region within the state of Para in northern Brazil. Three main gold deposits have so far been defined at the Cuiu Cuiu project, which contain National Instrument 43-101-compliant indicated resources of 12.29 million tonnes of 1.14 grams per tonne gold (450,200 ounces) in fresh basement material and 11.11 million tonnes of 0.48 g/t gold (171,883 oz) in oxide material. The project also contains inferred resources of 13.63 Mt of 1.04 g/t gold (455,100 oz) in fresh basement material and 12.22 Mt of 0.39 g/t gold (151,608 oz) in oxide material. The resource estimate for the primary material is based on the NI 43-101 technical report dated Oct. 12, 2022. The resource estimate for the oxide material is based on an NI 43-101 technical report dated Oct. 21, 2024.
The Tapajos gold province is the site of the largest gold rush in Brazil's history, which, according to the ANM (Agencia Nacional de Mineracao or National Mining Agency of Brazil), produced an estimated 30 million to 50 million ounces of placer gold between 1978 and 1995. Cuiu Cuiu was the largest area of placer gold workings in the Tapajos and produced an estimated two Moz of placer gold historically.
Technical information included in this release was supervised and approved by Brian Arkell, BS in geology and MS in economic geology, SME (registered member), AusIMM (fellow), SEG (fellow), Cabral Gold's vice-president, exploration and technical services, and a qualified person under NI 43-101.
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