Information in this presentation correct as of 17/05/2018
The Company’s key asset is the Cuiú Cuiú project which is on trend and located less than 20km NW of Eldorado Gold’s Tocantinzinho project (“TZ”). The non-refractory TZ gold project is expected to produce 170,000oz of gold a year over its mine life of 11 years. It has Measured and Indicated Resources of 48.7Mt @ 1.35g/t gold (for 2.1Moz) and Inferred resources of 2.4Mt @ 0.9g/t gold (for 0.07Moz). Eldorado Gold anticipates receiving the required permits to start the mine development during the first quarter of 2018.
A gold-in-soil anomaly approximately 18km in length has been identified at Cuiú Cuiú which has a historic resource of 3.4Mt @ 1.0g/t gold (for 0.1Moz) in the Indicated Resource category and 31Mt @ 1.2g/t gold (for 1.2Moz) in the Inferred Resource category. This resource was based on an initial 25,945m of drilling. A further 22,070m of drilling was completed following the resource estimate, which Cabral plans to include in its updated resource calculation. Drill intercepts of good grade including 41m @1.3g/t, 27m @ 6.9g/t, 47m @ 1.8g/t and 39m @ 5.1g/t gold have been identified in at least six other areas within the project area beyond the existing resource.