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Cygnus eyes two new mineralised gold prospects for resource growth
Globenewswire· 2026-01-19 23:51
Core Viewpoint - Cygnus Metals Limited is focusing on resource growth at its Chibougamau Copper-Gold Project in Quebec, identifying high-priority gold drilling targets with significant potential for high-grade mineralization [2][4][10]. Exploration and Drilling Targets - The company has identified two high-priority drill targets, Gwillim and Joe Mann, both known for substantial high-grade gold mineralization and limited modern exploration [4][6]. - Gwillim Project, a joint venture with Alamos Gold, is located 12 km from the Chibougamau processing facility and has historical production of 39,000 ounces at a grade of 4.8 g/t [5]. - Joe Mann Project, located 46 km south of the processing facility, produced 1.2 million ounces at a grade of 8.3 g/t before its closure in 2007 and has an inferred resource of 0.7 million tonnes at 6.0 g/t [6][10]. Significant Intersections - Recent drilling at Gwillim has returned notable intersections, including: - 7.6 m at 38.1 g/t Au from 314.9 m [7] - 15.2 m at 9.4 g/t Au from 155.1 m [7] - 16.4 m at 8.3 g/t Au from 168.3 m [7] - At Joe Mann, significant intersections include: - 0.7 m at 480.2 g/t Au from 92.3 m [13] - 3.8 m at 20.8 g/t Au from 287.2 m [13] - 8.4 m at 6.3 g/t Au from 175.6 m [13] Resource Estimates - The current resource at the Chibougamau Project is estimated at 6.4 million tonnes at 3.0% CuEq for 193,000 tonnes CuEq (Measured & Indicated) and 8.5 million tonnes at 3.5% CuEq for 295,000 tonnes CuEq (Inferred) [6][10]. - The Golden Eye deposit has an indicated resource of 0.5 million tonnes at 5.6 g/t AuEq for 91,000 ounces AuEq and an inferred resource of 1.2 million tonnes at 4.6 g/t AuEq for 182,000 ounces AuEq [10]. Infrastructure and Strategic Position - The Chibougamau area has well-established infrastructure, including a processing facility with a capacity of 900,000 tonnes per annum, which is the only facility within a 250 km radius [11]. - This infrastructure provides a significant advantage for the development of copper-gold opportunities in the region [11].
Vox Geophysics' Expert Modelling Confirms High-Priority REE Target at Colosseum's 2200N
Accessnewswire· 2025-09-24 12:00
Core Viewpoint - Dateline Resources Limited has confirmed a high-priority Rare Earth Elements (REE) drill target at its Colosseum Gold-REE Project in California through the second ModEM 3D magneto-telluric (MT) inversion result [1] Group 1 - The confirmed drill target is located on line 2200N and was initially identified in August using Viridien's RLM-3D inversion model [1]
CopperCorp Appoints Experienced Mining Executive Alan Coutts to Board of Directors
Newsfile· 2025-08-13 11:00
Core Viewpoint - CopperCorp Resources Inc. has appointed Alan Coutts, an experienced mining executive, to its Board of Directors, which is expected to enhance the company's strategic direction and exploration efforts in the copper-gold sector [2][6]. Company Overview - CopperCorp is focused on the exploration and development of its Skyline and AMC copper-gold-REE projects located in western Tasmania, Australia [11]. Appointment Details - Alan Coutts brings over 35 years of global experience in mineral exploration, project development, mine operations, and corporate leadership [3]. - His recent role was as President and CEO of Noront Resources Ltd., which was acquired by Wyloo Metals for approximately C$650 million in April 2022 [4]. - Coutts has been granted 400,000 incentive stock options by CopperCorp, exercisable at C$0.165 per share for five years, subject to vesting provisions and TSX Venture Exchange approval [8][10]. Strategic Alignment - The appointment aligns with CopperCorp's vision, as Coutts has a proven track record in mine development and operations, particularly in battery metals-focused projects [6]. - Coutts noted the strong parallels between Noront's land package and CopperCorp's position in Tasmania, indicating potential for significant exploration advancements [6]. Market Outlook - Coutts emphasized the increasing demand for copper over the next decade and the optimal timing for the Razorback drilling program within the current commodity cycle [7]. - He expressed enthusiasm about contributing to a project with a strategy similar to his previous successful initiatives in the mining sector [8].
Mustang Energy Corp. Provides Update on Geophysical Reinterpretation and Targeting
Globenewswire· 2025-05-03 00:10
Core Insights - Mustang Energy Corp. is advancing its exploration strategy in the Athabasca Basin through collaboration with Resource Potentials Ltd. for geophysical reprocessing and reinterpretation of data [1][19] - The company is focusing on cost-effective data integration to enhance its uranium projects [1] Geophysical Reinterpretation Methodology - Resource Potentials has reprocessed high-resolution airborne datasets, including magnetic, radiometric, gravity, and electromagnetic data, sourced from open-file surveys [2] - The integration of these datasets with geological maps and other data in GIS software has been conducted to improve the understanding of the Athabasca Basin [2] Targeting Areas of Interest - The reinterpretation has identified multiple areas of interest, including: - **914W Project**: Located 45 km south of the Athabasca Basin edge, featuring an EM conductor anomaly and a magnetic low [7] - **Spur Project**: Situated 30 km south of the Basin, intersected by regional magnetic-low and EM conductor trends [8] - **Ford Lake**: Comprising three claim blocks near the southern edge of the Basin, with a strong untested EM conductor anomaly [10] - **Cigar Lake East**: Located near the eastern edge of the Basin, featuring multiple magnetic-low trends associated with known uranium mineralization [12] Ongoing and Future Work - Continuous interpretation of newly acquired airborne geophysical surveys is underway, including a MobileMT survey over the Yellowstone Project and an Xcite™ TDEM survey over the Dutton Project [6] - The company plans to initiate field-based prospecting programs to further assess priority targets identified through the reinterpretation [7] Company Overview - Mustang Energy is focused on acquiring and developing uranium and critical mineral assets, holding 92,211 hectares in the Athabasca Basin [19] - The company’s projects include Ford Lake (7,743 hectares), Cigar Lake East (3,442 hectares), Spur Project (17,929 hectares), Yellowstone Project (21,820 hectares), and Dutton Project (7,633 hectares) [19]