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CGN Resources Ltd. ( (AU:CGR) ) has issued an announcement.
CGN Resources has completed a high-resolution airborne magnetic and radiometric survey over its 100%-owned Christmas Well gold project in the Leonora district of Western Australia. The 3,529-line-kilometre, 50-metre line-spaced dataset delivers unprecedented detail on the project’s lithological and structural framework, materially enhancing exploration targeting across the tenure.
Interpretation of the new geophysical data has identified multiple high-priority gold targets, including untested greenfield prospects, litho-structural targets beneath shallow cover, and historical gold intercepts that remain open along strike and at depth. These targets lie along corridors and shear zones analogous to those hosting major nearby deposits, and they now feed directly into a planned 4,000-metre RC drilling program, potentially reshaping CGN’s growth trajectory in one of Australia’s most fertile gold provinces.
More about CGN Resources Ltd.
CGN Resources Ltd is an Australian mineral exploration company focused on gold exploration in the Leonora district of Western Australia. Its flagship assets include the 100%-owned Christmas Well Project, located in a region that has produced more than 15 million ounces of gold and hosts multiple world-class deposits, underscoring the highly prospective nature of its tenure.
Average Trading Volume: 107,422
Technical Sentiment Signal: Sell
Current Market Cap: A$7.71M
See more data about CGR stock on TipRanks’ Stock Analysis page.