Cygnus Gold Commences Drilling at Gold Road Joint Ventures

THE DRILL SERGEANT: Cygnus Gold (ASX:CY5) has commenced drilling at the company’s Wadderin and Stanley projects, located in the Wheatbelt region of Western Australia.

Aircore (AC) drilling commenced over the weekend on the Wadderin project in collaboration with Cygnus’ Joint Venture partner Gold Road Resources.

The company explained the AC rig is testing targets identified by surface sampling at Wadderin before mobilising to the Lake Grace project, also in JV with GOR, to test bedrock anomalies identified in AC drilling from early-2019.

Drilling has also commenced at Cygnus’ 100 per cent-owned Stanley project where a reverse circulation (RC) rig is testing the Kepler Zone before heading to McDougalls to further test widespread gold mineralisation identified earlier this year.

“Cygnus Gold’s Stanley project is developing into an exciting story with our new geological understanding of the high-grade zone at Kepler, and the targets at McDougalls that have received little deeper drilling,” Cygnus Gold managing director James Merrillees said in the company’s announcement to the Australian Securities Exchange.

“We’re also looking forward to the aircore program and drilling the first deeper RC holes at Lake Grace in partnership with Gold Road, who have provided us with outstanding support to date.

“Multiple rigs, drilling simultaneously across several projects is further evidence of the Cygnus team’s ability to work openly and effectively with landholders and local communities to gain access for our exploration programs.”