Cygnus Metals Limited announces a Mineral Resource Estimate update for the Chibougamau Copper-Gold Project in Quebec, featuring a global Measured & Indicated Mineral Resource estimate of 6.4 Mt at 3.0% CuEq and Inferred Mineral Resource of 8.5 Mt at 3.5% CuEq. The update includes an initial MRE for the Golden Eye deposit and other existing deposits. The Chibougamau Project has excellent infrastructure and metallurgy, signaling significant growth opportunities and exploration potential. This resource upgrade underscores Cygnus’ success and future prospects in copper-gold projects. The MRE was prepared by SLR Consulting and is reported in accordance with JORC and CIM standards.
The updated MRE includes a Measured & Indicated Resource of 6.4 Mt at 3.0% CuEq and an Inferred Resource of 8.5 Mt at 3.5% CuEq for the Chibougamau Project. This represents a significant increase in the total resource base for the project, including the Golden Eye deposit and other existing deposits. The project boasts established infrastructure, excellent metallurgy, and significant exploration potential, positioning it as a premier copper-gold opportunity with proven upside. The project’s economic studies will be advanced with an updated Scoping Study / PEA to reflect the increased resource base and commodity prices, driving value creation and growth for Cygnus.
The Chibougamau Project offers a unique development opportunity in the copper-gold sector, with established infrastructure, high-quality mineral resources, and significant exploration potential. Cygnus Metals Limited’s recent resource update for the project includes a Measured & Indicated Mineral Resource of 6.4 Mt at 3.0% CuEq, an Inferred Mineral Resource of 8.5 Mt at 3.5% CuEq, and an initial MRE for the Golden Eye deposit. The project’s excellent metallurgy, infrastructure, and growth outlook make it a key player in the copper-gold market, with ongoing exploration and study work to further enhance its value and production profile.
Read more at GlobeNewswire: Cygnus reports a 78% increase in M&I resource at its