CGN Resources Launches Major Drilling Campaign at Webb Project

CGN Resources Ltd. ( (AU:CGR) ) just unveiled an update.

CGN Resources Ltd. has commenced a major drilling campaign at its Webb Project, targeting copper-gold IOCG, niobium-rich carbonatite, and orogenic gold deposits at multiple sites including K4, K5, E1, and Shep. The company secured a $213,000 EIS grant to support drilling at the E1 target, highlighting its commitment to exploring underexplored regions. The drilling program, utilizing both RC and diamond rigs, aims to capitalize on newly identified high-quality targets with significant mineralization potential, enhancing CGN’s exploration capabilities and positioning in the industry.

More about CGN Resources Ltd.

CGN Resources Ltd. operates in the mining industry, focusing on exploration and development of mineral resources. The company primarily targets copper-gold IOCG, niobium-rich carbonatite, and orogenic gold deposits, with a market focus on underexplored regions.

YTD Price Performance: 42.86%

Average Trading Volume: 114,301

Technical Sentiment Signal: Sell

Current Market Cap: A$9.92M

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