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Cygnus Metals Limited (ASX:CY5)

ALERT: Price-sensitive ASX Announcement for CY5
Current share price for CY5 : $0.175 0 (0%)+
Announcement
Release
23 Feb 2026 9:39AM
Price at Release
$0.175
Full Release
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Summary
Cygnus Metals Limited has commenced extensive drilling and geophysics programs to enhance resource growth at its Chibougamau Copper-Gold Project in Quebec. The company's strategy focuses on extending known mineralisation and identifying new prospects, aiming to drive value through resource growth. Significant efforts include ongoing drilling at Golden Eye and Cedar Bay to expand the indicated resources and exploring high-priority gold targets at Joe Mann and Gwillim. The exploration programs are co-funded by strategic partners and aim to build on previous successful resource expansions.
Key Points
  • Drilling commenced at Golden Eye to grow the indicated resource.
  • Induced Polarisation survey underway at Joe Mann.
  • Permits submitted for drilling at Gwillim, co-funded by Alamos Gold.
  • Cygnus targets resource growth with a focus on brownfields exploration.
  • Potential for substantial resource growth at Chibougamau.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.