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CGN Resources Ltd. ( (AU:CGR) ) has issued an announcement.
CGN Resources has completed a comprehensive heritage survey across five priority targets at its Christmas Well gold project near Leonora, clearing planned drill holes and allowing the company to finalise its maiden reverse circulation drilling program. The work, undertaken with the cooperation of the Darlot Native Title group, keeps CGN on track to start drilling in mid-May, with Impact Drilling contracted and logistics for site preparation already underway.
The company has also scheduled additional heritage surveys at its nearby Panhandle Project as it advances a broader exploration pipeline in the Leonora region. Backed by detailed reinterpretation of geological, geophysical, and historical drilling data, the Christmas Well targets are viewed as highly prospective, positioning CGN to potentially deliver a meaningful gold discovery that could enhance its standing within Western Australia’s established gold sector.
More about CGN Resources Ltd.
CGN Resources Ltd. is an Australian exploration company focused on gold projects in Western Australia, particularly within the Leonora region of the Yilgarn Craton. The company targets structurally and geochemically defined gold prospects, aiming to discover commercially significant deposits in a proven gold-producing belt.
Average Trading Volume: 104,956
Technical Sentiment Signal: Buy
Current Market Cap: A$8.92M
Find detailed analytics on CGR stock on TipRanks’ Stock Analysis page.