43.7m at 1.15% Li2O from first assays at Pegasus, Auclair
Filed with ASX · · 12 pages · English
Summary by 6ix AI
Cygnus Metals Limited has announced the first assay results from diamond drilling at the Pegasus discovery within its Auclair Lithium Project in Canada, confirming significant lithium mineralization. The highlight intersection reported is a substantial thickness of mineralization at a notable grade, indicating the potential for a significant resource. The company plans to resume drilling and systematic exploration in the area, which remains largely unexplored due to previous seasonal challenges. These results position Auclair as a promising site for lithium discovery, comparable to other major deposits in the region.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Earlier from Cygnus Metals
- Organisational changes
- Sakami Project rockchips reveal key LCT pegmatite indicators
- Thick, shallow spodumene-bearing pegmatites at Auclair
- Bencubbin high-grade REE mineralisation extends over 22km
- Spectacular rock chip results up to 6.6% Li2O from Pegasus
Later from Cygnus Metals
- Compelling targets identified at Auclair Lithium Project
- Sampling shows new spodumene pegmatite potential at Auclair
- Geophysics reveal potential significant growth at Pegasus
- Completion of successful A$3m placement
- Copper Merger and Equity Raise
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