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Cygnus Metals Limited ( (AU:CY5) ) just unveiled an announcement.
Cygnus Metals Limited has announced significant drilling results at its Chibougamau Copper-Gold Project in Quebec, indicating potential for further resource growth. The company’s first drill hole at Cedar Bay returned high-grade gold results, extending the mineralization by 200 meters outside the current resource boundary. This development, along with additional promising results at the Corner Bay deposit, highlights the project’s growth trajectory and positions Chibougamau as a premier development opportunity in the copper-gold sector.
The most recent analyst rating on (AU:CY5) stock is a Buy with a A$0.35 price target. To see the full list of analyst forecasts on Cygnus Metals Limited stock, see the AU:CY5 Stock Forecast page.
More about Cygnus Metals Limited
Cygnus Metals Limited is a company operating in the mining industry, focusing on the exploration and development of copper and gold projects. The company is primarily engaged in the Chibougamau Copper-Gold Project in Quebec, Canada, which is a near-term development opportunity with established infrastructure.
Average Trading Volume: 2,606,457
Technical Sentiment Signal: Buy
Current Market Cap: A$138.4M
See more insights into CY5 stock on TipRanks’ Stock Analysis page.