China Hanking Holdings Limited has announced a significant increase in gold resources at its Cygnet Gold Project. The company's recent drilling programs and feasibility studies have successfully expanded the project's gold resources by 20%, bringing the total to 2.06 million ounces. This growth contributes to the group's overall gold resources, which now stand at 5.07 million ounces. The company's board emphasized the strategic advantage of the Measured category resource in the Copperhead stockpile, which promises early cash flow and operational flexibility as they prepare to commence gold production. Despite the focus on becoming a gold producer, the deep drilling results suggest further potential for gold mineralization beyond current estimates. Shareholders and potential investors are advised to exercise caution in dealings, as per the company's announcement.
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