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Cygnus Gold Ltd.
Summary
| Project: | Stanley | |
|---|---|---|
| Deposit: | Stanley | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/2/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-4-2019: Cygnus Gold Ltd. announces an Exploration/Drilling Update report for its Stanley deposit at the Stanley project. resampling core results incl. 5m @ 1.8g/t Au from 137m. The Kepler Zone is adjacent to Cygnus’ shallow high-grade Bottleneck gold pr | |
| Resources: | x | |
| CP/QP: | [Overall Report]: James Merrillees (Internal) | |
| ABSTRACT: | The Kepler Zone is adjacent to Cygnus’ shallow high-grade Bottleneck gold prospect and the drilling program will initially target a metadacitic rock unit only lightly tested by deeper drilling at Bottleneck including hole BNDD006 which intersected 6m @ 3.27g/t Au from 157.5m (refer to CY5 ASX announcement 7 March 2018)1 . This metadacite unit is now considered to be a key stratigraphic control on the distribution of gold mineralisation in this part of the 20km-long Stanley greenstone. Upcoming drilling will also target extensions to the McDougall South prospect further along the Stanley greenstone belt where the drilling intersected further gold mineralisation associated with a 1,000m x 500m zone of anomalous gold within a NW-trending structural zone along the central Stanley fold structure. Drilling is planned to commence later this month and be completed over two weeks, with results expected a further three to four weeks after samples are received at the lab. Cygnus Gold’s Managing Director James Merrillees said the Company was keen to test the Kepler Zone target and undertake further drilling at McDougall South over the coming weeks. | |
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