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Cygnus Gold Ltd. ( (AU:CY5) ) has issued an announcement.
Cygnus Metals Limited has announced a significant exploration success at its Chibougamau Copper-Gold Project in Quebec, Canada, with an outstanding drill intersection of up to 9.1% copper from a potential new lode located approximately 250 meters from the main Corner Bay deposit. This discovery highlights the potential for further resource growth in the area, supported by subsequent geophysical surveys identifying a large anomaly yet to be drilled, indicating promising prospects for Cygnus’ strategic exploration efforts.
More about Cygnus Gold Ltd.
Cygnus Metals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources, particularly copper and gold. The company is active in the Chibougamau district of Quebec, Canada, which is known for its rich mineral deposits and well-established mining infrastructure.
YTD Price Performance: 30.0%
Average Trading Volume: 957,951
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$110.3M
For an in-depth examination of CY5 stock, go to TipRanks’ Stock Analysis page.
