Cygnus Gold Ltd. (AU:CY5) has released an update.
Cygnus Gold Ltd. reports a pivotal quarter with the discovery of high-grade lithium at the Auclair Project, with results including a 43.7m intersection at 1.15% Li2O and grades as high as 5.9% Li2O, indicating the site’s potential as a significant lithium source. The company’s exploration plans are robust, with upcoming prospecting and drilling programs at both the Auclair and Sakami Projects, and anticipation is high following promising initial results. Additionally, Cygnus Gold’s board has undergone restructuring, with a new incentive plan to convert up to 50% of directors’ and management’s fees/salary into company equity.
For further insights into AU:CY5 stock, check out TipRanks’ Stock Analysis page.
