New Vice President at Cabral Gold Inc.
Vancouver, British Columbia–(Newsfile Corp. – April 3, 2024) – Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) (“Cabral” or the “Company“) is pleased to announce that it has appointed Mr. Brian Arkell as Vice President Exploration and Technical Services, effective immediately.
Alan Carter, Cabral’s President and CEO commented, “We are both excited and fortunate to have Brian join our team. We believe his extensive experience with gold exploration and, in particular, mine development and operations, will be invaluable as we advance the current pre-feasibility study aimed at mining and heap-leach processing the extensive gold-in-saprolite material at our Cuiú Cuiú project. Brian’s appointment is part of our planned transition from a junior exploration company to a junior gold producer, and his previous experience with Newmont Mining augers well for the longer-term objective of defining the extensive gold endowment of the Cuiú Cuiú district. To date, Cabral has discovered and delineated two main gold deposits with NI 43-101 compliant resources, made two additional significant gold discoveries that require more drilling prior to defining resources, and defined 43 high-quality exploration targets with gold showing in drill holes, trenches and surface boulders.”
Experience and Background of Mr. Arkell
Mr. Arkell studied geology and engineering at the University of Maryland (B.S.) and the New Mexico Institute of Mining and Technology (M.S.). He has 35 years of experience in exploration, mine development, and operations throughout the Americas and in Indonesia.
From 2018 to 2023, Mr. Arkell served as Vice President Exploration and Mine Technical Services for Argonaut Gold, a mid-tier gold producer. During this time, he was responsible for all exploration, mine planning, mine geology, corporate reserves, and corporate land departments. Mr. Arkell’s extensive experience in major gold discoveries and mine development projects, including world-class mines in Peru, Indonesia, Suriname, and Canada, adds a strong foundation to Cabral’s leadership team.
Focus on Transition to Gold Production
Mr. Arkell’s appointment marks Cabral Gold Inc.’s strategic move from a junior exploration company to a junior gold producer. His previous roles in successful mine planning and exploration with various mining companies position him well to contribute to Cabral’s goals of advancing their gold projects towards production.
Significance of Cuiú Cuiú Project
The Cuiú Cuiú gold district, where Cabral Gold Inc. holds a 100% interest, has shown promising resources with NI 43-101 compliant Indicated and Inferred resources. Mr. Arkell’s expertise in mine development and exploration will be vital in unlocking the full potential of this project and further defining the extensive gold endowment in the region.
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 Cuiú Cuiú gold district, with its rich history of placer gold production, presents a significant opportunity for further exploration and development.
