Drilling doubles depth of known mineralisation to 230m
Filed with ASX · · 18 pages · English
Summary by 6ix AI
The first three drill holes have intersected multiple spodumene-bearing pegmatites, with notable intersections including a substantial thickness of mineralisation. The company plans to accelerate its exploration efforts with additional drilling rigs and aims to define a maiden resource in the near future. These results highlight the potential for significant lithium resources in a region known for its rich mineral deposits.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
In the deck
Story so far
Earlier from Cygnus Metals
- Prospectus
- Maiden Resource Drilling Commenced
- Numerous targets identified over 10km of strike at Pontax
- Cygnus to raise $6.3m to advance Pontax Lithium Project
- David Southam appointed Managing Director
Later from Cygnus Metals
- Cygnus to raise $8m for substantial and rapid drill program
- Rock chips expand known lithium mineralisation at Pontax
- Appendix 5B Quarterly Cash Flow Report
- Quarterly Activities Report
- First High-Grade Assay Results from Pontax
Follow Cygnus Metals into a list and get an email when it puts out news.
Follow Cygnus Metals