12:01 PM EST - Cabral Gold Inc. : Provides an update of the ongoing trial-mining prefeasibility study (PFS) regarding the potential exploitation of near-surface gold-in-oxide mineralization at both the Central and MG gold deposits within the Cuiú Cuiú gold district in northern Brazil. The ongoing PFS study being conducted by Ausenco do Brasil Engenharia Ltda is now 87% complete. An initial estimate of capital expenditures is nearing completion with the focus now on more detailed cost estimates and optimizing project components to the most cost-effective design. Cabral Gold Inc.
shares V.CBR are trading down $0.01 at $0.20.
