CGN Resources Ltd. (AU:CGR) has released an update.
CGN Resources Ltd. has completed their initial reverse circulation (RC) drilling program at the Webb Project, targeting potential copper, nickel, and rare earth mineralization with encouraging results. A total of 3,103 meters were drilled, revealing favorable lithologies at Shep and Hathi sites, including a notable 50-meter sulphide zone at Shep. Samples have been dispatched for analysis, with the geology team optimistic about the project’s prospects in a highly prospective terrain.
For further insights into AU:CGR stock, check out TipRanks’ Stock Analysis page.