Highlights 

  • Cygnus Metals hit 28.9m at 2.5g/t AuEq in a newly identified zone outside the existing resource. 
  • Discovery sits just 200m from the surface between Cedar Bay and Copper Cliff historic mines. 
  • Recent drilling continues to extend high-grade copper-gold trends at Cedar Bay. 
  • Chibougamau Project benefits from major infrastructure, including a 900ktpa processing plant and hydro power access. 

Cygnus Metals Limited (TSXV:CYG) has unveiled a significant breakthrough at its Chibougamau Copper-Gold Project in Quebec, intersecting 28.9m at 2.5g/t AuEq in hole CDR-25-16. Located only 200m from surface, this intercept indicates the presence of a new parallel mineralised zone separate from the existing Cedar Bay resource footprint. The discovery lies between the Cedar Bay and Copper Cliff historic mines, an area with limited historic exploration, underscoring the opportunity to uncover additional mineralised lodes within this prolific district. 

The Chibougamau region has a rich production history, including 945,000t of copper and 3.5Moz of gold, and continues to demonstrate noteworthy exploration upside. Follow-up drilling is scheduled to commence next week to define continuity and scale. 

Cedar Bay Drilling Delivers Consistent Grade Extensions 

The latest discovery complements ongoing drilling success at Cedar Bay, where Cygnus continues to expand and upgrade its gold-dominant resources. The current Mineral Resource Estimate includes 0.3Mt at 8.1g/t AuEq (Indicated) and 0.8Mt at 7.8g/t AuEq (Inferred). 

New intercepts—such as 10.6m at 4.1g/t AuEq in hole CDR-25-11W1, along with follow-ups of 2.7m at 5.7g/t AuEq and 1.3m at 9.3g/t AuEq—confirm the continuation of high-grade zones down plunge. These results reinforce the company’s exploration strategy, which focuses on expanding resources and improving confidence levels to support future development plans. 

Cygnus recently lifted its global Chibougamau resource by 29%, bringing the total MRE to 6.4Mt at 3.0% CuEq (M&I) and 8.5Mt at 3.5% CuEq (Inferred). The company’s AI-supported data analysis continues to identify new targets efficiently. 

A Well-Positioned Project Advancing Toward Development 

Cygnus plans to incorporate the updated MRE into a refreshed economic study that considers current metal prices. The project benefits from rare regional advantages, including a 900,000tpa processing facility, existing power infrastructure, a nearby mining town, and excellent transport links. 

With drill rigs continuing to operate until year-end, Cygnus aims to drive resource expansion while progressing the Chibougamau Project toward development under a hub-and-spoke model centered on its established processing complex. 

Conclusion 

The latest wide mineralised intercept outside the resource area positions Cygnus Metals for meaningful growth across its Chibougamau Copper-Gold Project. With consistent drilling success, expanding resource potential, and valuable infrastructure already in place, the company is advancing toward its long-term development goals.