High-Grade Golden Eye Results
Key points
- Strong drilling results from Golden Eye deposit
- Results consistent with strategy to upgrade Inferred Resources to Indicated
- Drilling underway at Gwillim gold target
Full summary
Cygnus Metals Limited has announced final infill drilling results from the Golden Eye deposit and the start of exploration drilling at the Gwillim gold prospect, both within its Chibougamau Copper-Gold Project in Quebec. The Golden Eye results, which include intervals of up to 39.5g/t AuEq, are part of Cygnus' strategy to upgrade inferred resources and drive overall resource growth. The company is also drilling at Gwillim, aiming to establish an initial resource, with high-grade historic intersections expected towards the end of the quarter. These activities are part of Cygnus' dual-track strategy to upgrade inferred resources and drive resource growth at Chibougamau.
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