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Cygnus Gold Ltd. ( (AU:CY5) ) has issued an update.
Cygnus Metals Limited has expanded its land holdings by 50% at the Chibougamau Copper-Gold Project in Quebec, Canada, and is set to begin drilling. This expansion is part of a multi-pronged strategy to boost resource growth and explore brownfield sites, leveraging the project’s existing high-grade mineral resources and historical production record. The acquisition adds 174 claims, totalling 97km2, to the project, now covering 282km2, thus offering substantial exploration opportunities in a region with a significant history of copper and gold production.
More about Cygnus Gold Ltd.
Cygnus Metals Limited is a company operating in the critical minerals sector, with a strategic focus on high-grade copper and lithium assets in Quebec, Canada. The company recently merged with Doré Copper Mining Corporation to enhance its position in the industry.
YTD Price Performance: 15.00%
Average Trading Volume: 1,243,971
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$97.56M
See more insights into CY5 stock on TipRanks’ Stock Analysis page.