Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Cygnus Metals Limited has reported promising results from its Golden Eye target within the Chibougamau Copper-Gold Project in Quebec, Canada. The company intersected high-grade gold, including visible gold, with assays such as 3.3m @ 6.6g/t Au and a standout 2.3m @ 9.1g/t Au. Golden Eye, last drilled in the 1990s, lies outside the current resource zone and features historic results up to 5.9m @ 34.1g/t AuEq. Cygnus’ recent drilling has extended known mineralisation down to 400m, where it remains open. Pending assays from five additional holes are expected soon. Cygnus is leveraging over 100,000 historic documents to digitally reinterpret the geology and identify new targets, aiming to release an initial Mineral Resource estimate for Golden Eye. With two rigs on-site, the company’s strategy focuses on low-risk, brownfield exploration to expand its copper-gold resource base and enhance shareholder value.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.