CGN Resources Ltd. ( (AU:CGR) ) has shared an update.
CGN Resources Ltd. has announced amendments to its previous disclosure regarding the Christmas Well project, providing additional data on historical results and expanding the Competent Person statement. The company has identified promising gold targets at both the Webb and Christmas Well projects, with plans to commence drilling in April 2025. The Webb Project has shown potential for orogenic and IOCG gold mineralization, while the Christmas Well Project, located in a geologically significant area, presents untapped gold potential. These developments are expected to enhance CGN’s exploration efforts and strengthen its position in the gold mining sector.
More about CGN Resources Ltd.
CGN Resources Ltd. is a company operating in the mining industry, focusing on the exploration and development of gold targets. The company is primarily engaged in projects located in Western Australia, with a particular emphasis on the Webb Project and the newly acquired Christmas Well Project.
YTD Price Performance: 66.67%
Average Trading Volume: 101,328
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$11.57M
See more data about CGR stock on TipRanks’ Stock Analysis page.