Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Cygnus Metals Limited (ASX: CY5) has announced strong drilling results from its ongoing resource growth and conversion strategy at the Chibougamau Copper-Gold Project in Quebec, Canada. Infill drilling at Corner Bay returned intervals up to 5.6% CuEq, supporting resource classification upgrades, while exploration drilling outside the resource intersected grades up to 9.7% CuEq. A new high-grade target, Colline, has been identified less than 100m from the surface, including 8.6m @ 2.3% CuEq from 95m. Colline is located within 4km of the company’s 100%-owned processing facility.
The company continues drilling with two rigs and refines targets using downhole electromagnetics. Executive Chairman David Southam emphasized the project’s strong continuity, exploration upside, and potential to uncover more mineralization using modern 3D data analysis. With promising Corner Bay and Colline results, Cygnus is on track to expand its high-grade copper-gold portfolio and upgrade resource categories.
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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.