Dig Deep Cabral Gold Update – Gold Deposits, 43 New Targets and Gold-in-Oxide Blankets with Alan Carter
In this episode, we chat with Alan Carter, a returning guest who we interviewed back in July 2020 (episode 86). He is the President & CEO of Cabral Gold, a mineral exploration company with a focus on gold and copper with a key asset is the Cuiu Cuiu gold project located in Northern Brazil.
A geologist by background, Alan is super passionate about this project having recorded a podcast last year, as he invested his own money into the project. We talk about some very positive developments in the Tapajos region particularly with respect to the TZ project which is adjacent to your Cuiu Cuiu project. We talk about the recent investment they secured and the 43 additional targets they have discovered within an 8km radius of the 2 known deposits at Cuiu Cuiu which looks exciting.
KEY TAKEAWAY
- Two deposits are already defined, totalling about a million ounces. As well as extensive gold-in-oxide blankets.
- There are currently 5 rigs turning on the project.
- It is in a very productive area and Cabral has uncovered 43 more targets so far.
- Some boulders at those targets average 91 grammes a tonne, which equates to circa 3 ounces a tonne.
- The capital cost of extraction from gold-in-oxide blankets is low. No digging or grinding is needed so production can start very quickly.
- The neighbouring TZ project is highly likely to go into production soon. It will be Brazil´s 3rd largest goldmine.
- The presence of such a big mine in the area will lead to significant infrastructure improvements.
- There are a lot of new mines coming on stream in Brazil, which is attracting talent.
- Before investing look at the quality of the management team.
- A management team that has invested their own money in their company is a good sign. In the podcast, Alan explains why he has done exactly that.
- For investors projects that already have resources up and running are usually a good option.
BEST MOMENTS
‘You need a management team that can raise money. ´
‘I have put a lot of my own money to work in the company.’
‘I´ve never seen a gold exploration project with this kind of potential before.’
EPISODE RESOURCES
Cabral Gold - https://cabralgold.com/corporate/management/
Alan Carter LinkedIn - https://www.linkedin.com/in/alan-carter-636a796a/?originalSubdomain=ca
DDM episode 86: https://omny.fm/shows/dig-deep-the-mining-podcast/the-creative-challenges-of-gold-with-alan-carter
VALUABLE RESOURCES
mailto:rob@mining-international.org
https://www.linkedin.com/in/rob-tyson-3a26a68/
http://www.mining-international.org
https://twitter.com/MiningConsult
https://www.facebook.com/MiningInternational.org
https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJg_Q?guided_help_flow=3
ABOUT THE HOST
Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first world to third world countries from Africa, Europe, Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.
CONTACT METHOD
rob@mining-international.org
https://www.linkedin.com/in/rob-tyson-3a26a68/
Podcast Description
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.