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Cygnus Metals reports strong high-grade gold and copper drill results at Golden Eye, advancing resource upgrade.

Market News
24 May 2026
GlobeNewsWire
View Source
Bullish
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Cygnus Metals announced strong drilling results at its Golden Eye deposit in Quebec, with high-grade gold, copper, and silver intercepts supporting the upgrade of Inferred Resources to Indicated Resources. The Golden Eye deposit currently holds 0.5Mt at 5.6g/t AuEq in Indicated and 1.2Mt at 4.6g/t AuEq in Inferred categories. Drilling has also started at the promising Gwillim gold target to establish a new resource, co-funded by JV partner Alamos Gold. These efforts are part of Cygnus' strategy to grow and upgrade resources within its Chibougamau Copper-Gold Project, leveraging existing infrastructure for near-term development potential.

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