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CGN Resources Ltd. ( (AU:CGR) ) just unveiled an announcement.
CGN Resources Ltd. has identified new gold targets at its Webb and Christmas Well projects in Western Australia. The Webb Project has shown promising results from an Ultrafine+ soil survey, indicating potential for orogenic and IOCG gold mineralization, with drilling set to commence in April 2025. The recently acquired Christmas Well Project, located in the Gwalia Shear Zone, also presents compelling gold targets with significant untested gold potential. The company’s exploration campaign aims to capitalize on these findings, enhancing its position in the gold mining sector.
More about CGN Resources Ltd.
CGN Resources Ltd. operates in the mining industry, focusing on the exploration and development of gold targets. The company is primarily engaged in identifying and developing gold projects in Western Australia, with a market focus on expanding its gold portfolio in the West Arunta and Leonora regions.
YTD Price Performance: 66.67%
Average Trading Volume: 93,739
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$11.02M
See more insights into CGR stock on TipRanks’ Stock Analysis page.