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CGN Resources Ltd. ( (AU:CGR) ) has issued an announcement.
CGN Resources Limited has identified high-grade gold intercepts at its newly acquired Panhandle Project, located in the Leonora gold district. The project shows significant exploration potential with multiple untested structural targets and historical high-grade gold intersections. The company’s Christmas Well Project also shows promise with new high-priority targets defined for exploration, indicating a strong potential for future gold discoveries.
More about CGN Resources Ltd.
CGN Resources Limited operates in the mining industry, focusing on gold exploration and development. The company is strategically positioned in the Leonora gold district, Western Australia, known for its rich gold-bearing stratigraphy and proximity to major gold mines such as Genesis Minerals’ Ulysses and Gwalia mines.
Average Trading Volume: 357,306
Technical Sentiment Signal: Sell
Current Market Cap: A$8.15M
For an in-depth examination of CGR stock, go to TipRanks’ Overview page.