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Cygnus Gold Ltd.
Summary
| Project: | Stanley | |
|---|---|---|
| Deposit: | Bottleneck | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-6-2018: Cygnus Gold Ltd. announces an Exploration/Drilling Update report for its Bottleneck deposit at the Stanley project. Drilling results incl. 7m @ 4.9g/t Au from 42m. Cygnus Gold (or the Company) (ASX:CY5), is pleased to announce that early-stage d | |
| Resources: | x | |
| CP/QP: | [Overall Report]: James Merrillees (Internal) | |
| ABSTRACT: | Cygnus Gold (or the Company) (ASX:CY5), is pleased to announce that early-stage drilling continues to yield promising results from a recently completed reverse circulation (RC) and diamond drilling (DD) program on its wholly-owned Stanley Project in the south west of Western Australia. The most recent assay results are from a 32-hole (2,975m) RC program which targeted the high-grade Bottleneck Prospect, as well as new targets at Brays and Stanley Hill (refer ASX announcement 12 April 2018). These holes were the first drilled into fresh rock outside the Bottleneck Prospect on the ~20km long prospective greenstone geology at the Stanley Project and represent an exciting development for the Company. Cygnus Gold’s Managing Director James Merrillees said, “We are pleased by these results which confirm our view of the potential for more extensive gold mineralisation in fresh rock at Bottleneck and the highly prospective Stanley Project.” “The positive results obtained from both our initial and ongoing drill programs since listing in January, confirm the quality of the project, he said. “We are still at an early stage in at Bottleneck with further RC and Diamond drilling planned to build on this positive start.” | |
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