Cygnus Metals Ltd. Announces Promising Drill Results and Infrastructure Advantage at Chibougamau Copper-Gold Project
Reuters
Jun 17
Cygnus Metals Ltd. Announces Promising Drill Results and Infrastructure Advantage at Chibougamau Copper-Gold Project
Cygnus Metals Limited has announced promising infill drilling results from its Corner Bay site at the Chibougamau Copper-Gold Project in Quebec, reinforcing the high-grade and continuous mineralization there. The project, with a current total Mineral Resource of 3.6 million tonnes at 3% CuEq in the Measured and Indicated categories, and 7.2 million tonnes at 3.8% CuEq in the Inferred category, benefits from existing infrastructure, including a 900,000 tonnes per annum processing facility. Early engineering studies and permitting are underway, highlighting the project's significant head start as a copper-gold development opportunity. Cygnus aims to upgrade more tonnes into the Indicated category, enhancing its ability to assess the production potential and economic outlook with increased certainty.
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