CGN Resources Ltd. (AU:CGR) has released an update.
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CGN Resources Ltd. is set to begin a high-resolution geophysical survey at the Webb Project, utilizing Xcalibur Smart Mapping’s airborne technology to target potential carbonatite and IOCG mineral deposits. The survey aims to build upon initial drill results that revealed weakly anomalous signs of rare earth elements and other metals, indicating fertile ground for further exploration. With $6.5 million in funding, the company is optimistic about uncovering new prospects in the mineral-rich West Arunta region.
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