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Cygnus Metals Limited ( (AU:CY5) ) has issued an announcement.
Cygnus Metals Limited has announced significant gold and copper intercepts from its Golden Eye prospect within the Chibougamau Copper-Gold Project in Quebec. The recent drilling results, which include high-grade gold mineralization, suggest the potential for establishing a substantial mineral resource at Golden Eye. This prospect, located near existing infrastructure, is poised to become a key growth driver for Cygnus, especially in the context of high gold prices. The company plans to use both recent and historical drilling data to complete an initial Mineral Resource estimate for Golden Eye.
More about Cygnus Metals Limited
Cygnus Metals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is particularly involved in copper and gold projects, with a significant presence in the Chibougamau District of Quebec, Canada.
Average Trading Volume: 994,185
Technical Sentiment Signal: Sell
Current Market Cap: A$67.11M
See more data about CY5 stock on TipRanks’ Stock Analysis page.
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