More high-grade assays pave way for resource at Golden Eye

Core Insights - Cygnus Metals Limited has reported high-grade assay results from the Golden Eye prospect within the Chibougamau Copper-Gold Project in Quebec, indicating multiple parallel mineralized zones and significant potential for resource development [2][3][5] Exploration Results - Recent drilling results include: - 4.3m @ 9.8g/t AuEq (7.5g/t Au, 1.6% Cu & 23.9g/t Ag) from LDR-25-10 - 3.3m @ 12.7g/t AuEq (8.4g/t Au, 3.1% Cu & 30.2g/t Ag) from LDR-25-09, including 1.9m @ 21.1g/t AuEq (14.2g/t Au, 4.9% Cu & 47.5g/t Ag) - 2.5m @ 7.3g/t AuEq (5.9g/t Au, 0.9% Cu & 14.9g/t Ag) from LDR-25-10 [3][4][5] Resource Development - The company plans to establish an initial Mineral Resource for Golden Eye, utilizing both recent drilling data and historical data from 77 holes totaling 21,371m [3][5][6] - Significant historic drill intercepts include: - 5.9m @ 34.1g/t AuEq (32.2g/t Au, 1.2% Cu & 27.3g/t Ag) from RD-11 - 4.5m @ 21.6g/t AuEq (14.9g/t Au, 4.7% Cu & 54g/t Ag) from RD-28 [3][9] Infrastructure and Location - Golden Eye is strategically located just 3km from Cygnus' central processing plant, which has a capacity of 900,000tpa, providing significant logistical advantages [2][5][12] - The prospect has existing dual ramp access within 150m of the mineralization, facilitating future development [5][12] Future Plans - Cygnus intends to continue its focus on resource growth through low-risk brownfield exploration, leveraging historical data to identify additional drill targets [6][10] - Exploration drilling is planned at depth to extend mineralization and enhance the pending resource [5][6]