Cygnus Metals Expands Chibougamau Copper-Gold Project in Quebec

Cygnus Metals

Cygnus Metals, an Australian critical minerals explorer, has significantly expanded its Chibougamau copper-gold project in central Quebec, Canada, by 50%. This expansion follows the company's recent merger with Canadian copper and gold explorer Doré Copper Mining on January 1st.

Increased Land Position and Resource Potential

With this acquisition, Cygnus now controls a substantial 282 square kilometers (110 square miles) in the Chibougamau region.  The project boasts a measured and indicated mineral resource of 3.6 million metric tonnes at a 3% copper equivalent, along with an inferred mineral resource of 7.2 million metric tonnes at a 3.8% copper equivalent.  This substantial resource base positions Cygnus Metals as a key player in the Canadian copper and gold exploration landscape.

Existing Infrastructure and Exploration Plans

Adding to the project's appeal is an existing processing facility with a capacity of 900,000 tonnes per year. This existing infrastructure could significantly accelerate development timelines and reduce capital expenditure requirements.

Cygnus Metals is anticipating imminent results from a targeted exploration program.  Furthermore, the company has announced plans to deploy two diamond drill rigs this week, signaling a strong commitment to further exploration and resource definition at the Chibougamau project.  This active exploration program suggests a promising future for the project and the potential for further resource expansion.