Drill Results Fuel Buying Interest in This Emerging Gold Story

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Tuesday, June 2, 2026

Despite gold pulling back from its recent highs, the precious metal remains only a few hundred dollars per ounce below its all-time peak. This period of consolidation is a healthy and expected phase, allowing gold to establish a base at elevated levels. With the long-term trend still firmly bullish, the odds appear favorable for another leg higher in the months ahead.

From a company-specific perspective, the strength in gold prices is particularly encouraging for producers and developers such as Cabral Gold (TSX-Venture: CBR) (OTCQX: CBGZF) which just reported additional diamond drilling results from the Jerimum Cima target within its Cuiú Cuiú Gold District in Brazil. The standout intercept came from hole DDH384, which returned 107.6 metres grading 2.5 g/t gold, including a higher-grade interval of 17.8 metres at 13.0 g/t gold and an exceptionally rich section of 3.8 metres grading 59.9 g/t gold. All significant intercepts were encountered within primary mineralization, further confirming the target's potential to host substantial gold resources.

The newly reported mineralization is believed to be part of the same high-grade zone intersected by several previously drilled holes at Jerimum Cima. Earlier results from the area included notable intercepts such as 9.5 metres at 87.4 g/t gold, 10.2 metres at 8.7 g/t gold, and broader intervals containing both strong grades and localized high-grade shoots. The consistency of these results across multiple drill holes suggests the presence of a robust and well-developed gold system.

Based on the latest drilling, Cabral believes the high-grade mineralized zone extends approximately 455 metres along strike and reaches at least 150 metres in depth, expanding the known dimensions of the discovery. Importantly, the zone remains open both laterally and at depth, leaving significant room for further expansion. Jerimum Cima is situated between the company's Central and MG gold deposits and is associated with a large gold-in-soil anomaly measuring roughly 900 by 1,000 metres, highlighting its potential to become another major discovery within the district.

Alan Carter, Cabral's President and CEO commented, "The Jerimum Cima target continues to deliver extraordinary drill results and is not currently part of the existing resource base at Cuiú Cuiú. It is clearly a significant mineralized system with some of the highest grades we have ever encountered within the district. The significance of the high-grade drill intercept in DDH384 is two-fold. Firstly, it further demonstrates along strike continuity of the high-grade mineralized zone at Jerimum Cima. Secondly, it extends the high-grade zone to greater depth. Gold mineralization remains open to the east and at depth and determining the limits to the mineralized system, particularly the central high-grade zone, will be a major focus for our exploration drilling over the next few weeks and months."

Shares of CBR are currently trading up 13.79% at $0.99, while U.S. listed shares (CBGZF) rally 13.55% at $0.7111 in late-morning trading.

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