Cygnus Metals (ASX:CY5) confirmed the continuity and grade of mineralization at the Golden Eye deposit, within its Chibougamau project in Canada, following the receipt of final infill drilling results, according to a Monday filing with the Australian bourse.

Results include 8.4 meters at 16 grams per tonne grade of gold equivalent, including three meters at 40 g/t gold equivalent, 3.6 meters at 16 g/t gold equivalent, including 2.5 meters at 22 g/t gold equivalent, the filing said.

Additionally, the company started exploration drilling at the Gwillim prospect, targeting high-grade historic intersections to establish an initial resource, per the filing.

Shares rose 5% in midday trade on Monday.