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CGN Resources Ltd. ( (AU:CGR) ) has issued an update.
CGN Resources Limited has secured two exploration licences at the Panhandle Project in Western Australia, enhancing its strategic position in a gold-rich corridor. These new tenements, located near existing gold operations, show significant potential for gold discovery due to historical drilling results and the area’s geological characteristics. The company plans to start exploration activities in late 2025, with the new acquisitions complementing its nearby Christmas Well Project, thus providing multiple opportunities for high-grade gold discoveries.
More about CGN Resources Ltd.
CGN Resources Limited is a company in the mining industry, focusing on gold exploration. It operates in Western Australia, with projects such as the Panhandle and Christmas Well, located near Leonora. The company aims to discover high-grade gold deposits in a region known for its rich mineralization.
Average Trading Volume: 98,787
Technical Sentiment Signal: Sell
Current Market Cap: A$5.4M
For an in-depth examination of CGR stock, go to TipRanks’ Overview page.