Cygnus Gold Ltd. (AU:CY5) has released an update.
Cygnus Gold Ltd. is set to begin drilling to explore extensions of high-grade lithium deposits following promising assay results and innovative exploration techniques. Their recent capital raise of approximately A$3 million will fund these explorations and the assessment of new projects in battery metals. Encouraging findings from geophysical surveys suggest the presence of spodumene trends extending over 1.7km, positioning the company to capitalize on the growing battery metal sector.
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