Cygnus Metals Reports High-Grade Gold Intercepts at Chibougamau Project

Reuters

2025/10/30

Cygnus Metals Reports High-Grade Gold Intercepts at Chibougamau Project

Cygnus Metals Ltd. has reported strong drilling results from its Chibougamau Copper-Gold Project in Quebec, highlighting significant growth potential outside the current resource boundary. The company's first hole at the Cedar Bay prospect returned a wide interval of 10.6 metres at 4.1 grams per tonne gold equivalent (AuEq), including a high-grade section of 0.4 metres at 29.1g/t AuEq. Another notable result within the interval was 2.9 metres at 6.7g/t AuEq. These intersections are located 200 metres outside the recently released Mineral Resource estimate, which was based on pre-acquisition drilling. The Cedar Bay resource currently contains 67,000 ounces at 8.1g/t AuEq (measured and indicated) and 205,000 ounces at 7.8g/t AuEq (inferred), with further growth anticipated. Cygnus is actively updating its economic study to incorporate the current resource and reflect current metal prices, positioning Chibougamau as a premier near-term copper-gold development opportunity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cygnus Metals Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9565048-en) on October 29, 2025, and is solely responsible for the information contained therein.

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The company's first hole at the Cedar Bay prospect returned a wide interval of 10.6 metres at 4.1 grams per tonne gold equivalent (AuEq), including a high-grade section of 0.4 metres at 29.1g/t AuEq. Another notable result within the interval was 2.9 metres at 6.7g/t AuEq. These intersections are located 200 metres outside the recently released Mineral Resource estimate, which was based on pre-acquisition drilling. The Cedar Bay resource currently contains 67,000 ounces at 8.1g/t AuEq (measured and indicated) and 205,000 ounces at 7.8g/t AuEq (inferred), with further growth anticipated. Cygnus is actively updating its economic study to incorporate the current resource and reflect current metal prices, positioning Chibougamau as a premier near-term copper-gold development opportunity.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cygnus Metals Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9565048-en) on October 29, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CY5.AU","symbol_name":"CYGNUS METALS LTD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251029:nNDL1LBVwB:1","article_id":"2579558471","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2579558471","pubTimestamp":1761780957,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Cygnus Metals Ltd. has reported strong drilling results from its Chibougamau Copper-Gold Project in Quebec, highlighting significant growth potential outside the current resource boundary. The company's first hole at the Cedar Bay prospect returned a wide interval of 10.6 metres at 4.1 grams per tonne gold equivalent , including a high-grade section of 0.4 metres at 29.1g/t AuEq. Another notable result within the interval was 2.9 metres at 6.7g/t AuEq. These intersections are located 200 metres outside the recently released Mineral Resource estimate, which was based on pre-acquisition drilling. The Cedar Bay resource currently contains 67,000 ounces at 8.1g/t AuEq  and 205,000 ounces at 7.8g/t AuEq , with further growth anticipated. 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The company's first hole at the Cedar Bay prospect returned a wide interval of 10.6 metres at 4.1 grams per tonne gold equivalent (AuEq), including a high-grade section of 0.4 metres at 29.1g/t AuEq. Another notable result within the interval was 2.9 metres at 6.7g/t AuEq. These intersections are located 200 metres outside the recently released Mineral Resource estimate, which was based on pre-acquisition drilling. The Cedar Bay resource currently contains 67,000 ounces at 8.1g/t AuEq (measured and indicated) and 205,000 ounces at 7.8g/t AuEq (inferred), with further growth anticipated. Cygnus is actively updating its economic study to incorporate the current resource and reflect current metal prices, positioning Chibougamau as a premier near-term copper-gold development opportunity.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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