08:18 AM EDT, 06/10/2025 (MT Newswires) -- Cygnus Metals ( CYGGF ) overnight Monday provided further high-grade assays from the Golden Eye prospect within the Chibougamau copper-gold project in Quebec.

The company said results confirm multiple parallel zones with significant mineralization. Highlights include 12.7 grams per tonne (g/t) gold equivalent over 3.3 meters and 4.3 meters at 9.8 g/t gold equivalent.

"These latest high-grade results set us up to commence the initial Resource at Golden Eye," said David Southam, executive chairman of Cygnus. "With its location just 3km from the processing plant, Golden Eye stands to add significant value to the economics of the project."

Golden Eye remains open at depth, Cygnus said. The company plans to conduct exploration drilling at depth to extend mineralization and further enhance the pending resource.

Cygnus' share price jumped 13% on Monday to $0.09 on the TSXV.