Cygnus discovers significant copper-gold intersections in Quebec

Cygnus Metals Limited has announced promising findings at its Chibougamau Copper-Gold Project in Quebec, Canada. The company is currently reviewing historical data from the past-producing Copper Rand Mine. They discovered significant intersections in the ore, with some showing high grades of copper and gold. The ongoing data compilation is key for Cygnus, as it seeks to understand the area's potential better. The historical production records indicate that the district has produced over 945,000 tons of copper and around 3.5 million ounces of gold. This large production history provides a backdrop for future exploration efforts. Cygnus is using two drill rigs at the site to focus on resource growth. The company is digitizing over 100,000 old documents related to past drilling activities, which have not been analyzed in years. This work aims to consolidate fragmented data and enhance exploration strategies. As part of their strategy, Cygnus aims to create new targets around existing high-quality ore deposits. The company's approach is considered low-cost and low-risk, involving advanced techniques like surface and downhole electromagnetics to identify potential drill sites. Cygnus has a solid track record in the mineral exploration sector. They are also exploring lithium assets in Quebec and various projects in Western Australia. The company remains optimistic about unlocking the historic potential of the Chibougamau district.