Cygnus Metals Extends Known Pontax Mineralisation

THE DRILL SERGEANT: Cygnus Metals (ASX:CY5) has received further high-grade assays from four holes recently drilled at the company’s Pontax lithium project in the James Bay region of Québec, Canada.

Cygnus Metals has drilling ongoing with three drill rigs targeting resource definition at Pontax Central and step out exploration.

Cygnus explained it has designed the drill program to systematically step out from known mineralisation at Pontax Central.

Latest high-grade assays have extended known stacked mineralisation at Pontax Central from shallow intersections within 230 metres of surface remaining open in all directions.

Assays include:

DDH975-22-029
11.1 metres at 1.2 per cent lithium oxide (Li2O) from 146.3m, including 2.5m at 2.6 per cent Li2O, 3.6m at 1.4 per cent Li2O from 65.6m and 6.3m at 1 per cent Li2O from 94.9m;

DDH975-22-032
5.5m at 1.4 per cent Li2O from 178.7m and 5.9m at 1 per cent Li2O from 262m; and

DDH975-22-026
3.3m at 2.8 per cent Li2O from 107m, including 1.0m at 5 per cent Li2O and 4.2m at 0.9 per cent Li2O from 124.4m.

“These results are important because they continue to grow the known mineralisation at Pontax,” Cygnus Metals managing director David Southam said in the company’s ASX announcement.

“They are also high-grade and shallow, and reveal areas of intense spodumene, all of which is very good news for the upcoming maiden Resource.

“The outlook is exceptional, with mineralisation outcropping from surface, results demonstrating mineralisation remains open in all directions and three diamond drill rigs working 24/7.”