THE CONFERENCE CALLER: Cygnus Gold (ASX:CY5) has extended nickel anomalism on the back of results from soil sampling over the Bencubbin North nickel and base metals prospect within the company’s wholly owned Bencubbin project in the Wheatbelt region of Western Australia.
Cygnus Gold has also announced a high-grade gold intersection at the company’s Stanley project in the Wheatbelt of Western Australia.
The Resources Roadhouse caught up with Cygnus Gold managing director James Merrillees at the RIU Resources Investor Roadshow in Melbourne to get the low down on proceedings.
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With the surface sampling having extended the nickel-copper and copper-lead-zinc prospectivity at Bencubbin North, outlining widespread PGE anomalism consistent with potential for magmatic nickel-copper sulphide mineralisation, Cygnus Gold has declared it intends carrying out infill sampling to refine targets for drill testing with sampling to commence on the highest priority targets.
Cygnus is also planning to commence sampling on the Bencubbin South tenement over extensions of the Bencubbin Greenstone as well as further sampling of the Mandiga Trend, located at the southern end of Bencubbin North project, which it considers highly prospective for base metals.
Drilling is planned in the second half of the year once it has received and interpreted these results.