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Cygnus Gold Ltd.
Summary
| Project: | Bencubbin | |
|---|---|---|
| Deposit: | Bencubbin North | |
| Location: | Australia | |
| Commodities: | Lead-Zinc | |
| Date: | 2/25/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-2-2020: Cygnus Gold Ltd. announces an Exploration/Drilling Update report for its Bencubbin North deposit at the Bencubbin project. Drilling results incl. 4m @ 985ppm Pb, 134ppm Zn from 12m. Cygnus Gold (Cygnus or the Company) (ASX:CY5) has now received | |
| Resources: | x | |
| CP/QP: | [Overall Report]: James Merrillees (Internal) | |
| ABSTRACT: | Cygnus Gold (Cygnus or the Company) (ASX:CY5) has now received results from the recently completed aircore drilling program on the Company’s 100% owned Bencubbin North Project. The 76-hole (2,663m) program at Bencubbin North intersected target geology and alteration systems on several of the high priority nickel and base metals targets tested The Company is encouraged by the geology seen in the drilling and the nickel sulfide prospectivity of the more than 15km long belt, as well as the broader Bencubbin greenstone sequence interpreted to extend a further 60km under Cygnus tenure to the south. The drilling also supports the application of electrical geophysical methods for follow up on the base metals and nickel targets as a relatively cheap and effective method to test for sulfide related mineralisation under shallow cover in open terrain. Commenting on the results Cygnus Gold’s Managing Director James Merrillees said the Company was encouraged by the early shallow drill results at Bencubbin North in this exciting, newly identified belt. | |
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