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CGN Resources Ltd. ( (AU:CGR) ) has provided an announcement.
CGN Resources Limited has recommenced drilling at the Shep target area within the Webb Project after a temporary halt due to unseasonal rainfall. This drilling aims to evaluate an electromagnetic anomaly near previously identified anomalous gold values, with results from another target, Kandula, expected in approximately four weeks. The resumption of drilling activities is a significant step in advancing the Webb Project, potentially enhancing the company’s resource base and strengthening its position in the mining sector.
More about CGN Resources Ltd.
CGN Resources Limited is a company operating in the mining industry, focusing on exploration and development projects. The company is primarily engaged in the exploration of gold and other mineral resources, with a market focus on identifying and developing prospective mining sites.
Average Trading Volume: 89,157
Technical Sentiment Signal: Sell
Current Market Cap: A$10.03M
For an in-depth examination of CGR stock, go to TipRanks’ Stock Analysis page.