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The latest update is out from Cygnus Metals Limited ( (AU:CY5) ).
Cygnus Metals Limited has announced a significant discovery at its Chibougamau Copper-Gold Project in Quebec, with drilling intersecting a wide zone of mineralization outside the existing resource area. This discovery, which includes a 28.9-meter intersection at 2.5g/t AuEq, suggests the potential for a new parallel zone of mineralization, indicating strong potential for resource growth. The company plans to commence follow-up drilling to further explore this new zone. This development highlights the project’s potential to become a key player in the copper-gold industry, supported by its established infrastructure and ongoing resource expansion efforts.
The most recent analyst rating on (AU:CY5) stock is a Buy with a A$0.35 price target. To see the full list of analyst forecasts on Cygnus Metals Limited stock, see the AU:CY5 Stock Forecast page.
More about Cygnus Metals Limited
Cygnus Metals Limited is a company operating in the mining industry, focusing on the exploration and development of copper and gold resources. The company is actively engaged in the Chibougamau Copper-Gold Project in Quebec, Canada, which is a significant near-term development opportunity with established infrastructure.
Average Trading Volume: 2,294,044
Technical Sentiment Signal: Buy
Current Market Cap: A$143.7M
See more data about CY5 stock on TipRanks’ Stock Analysis page.