07:56 AM EDT, 03/18/2025 (MT Newswires) -- Cygnus Metals ( CYGGF ) overnight Monday announced "more strong drill results" from both infill and exploration drilling as the company executes its resource growth and conversion strategy at the Chibougamau Copper-Gold Project in Quebec, Canada.

A statement noted latest results from infill drilling at Corner Bay include intervals of up to 5.6% CuEq and point to an updated resource classification. It said this is in addition to resource growth opportunities with up to 9.7% CuEq intersected in Cygnus' first drill hole returned from outside the Corner Bay resource.

The statement noted ongoing exploration drilling has also returned "significant" results from a new target area called Colline, with high grade results, some of which are less than 100m from surface. Results include up to 8.6m at 2.3% CuEq from 95m with higher grade including intervals of 2.6m at 4.4% CuEq and 2.2m at 3.7% CuEq. Colline is located within 4km of the 100% owned central processing facility.

Drilling with two rigs is ongoing while follow up downhole electromagnetics (DHEM) is being utilised to define follow up targets, it added.

Cygnus Executive Chairman David Southam said: "This is just our second batch of drilling results at Chibougamau and the potential to grow is already clear. The main Corner Bay deposit is demonstrating excellent continuity and grade as well as exploration upside, as shown by our earlier drilling results of up to 9.7% CuEq outside the resource. Exploration has also delivered a new target with excellent results that are near-surface and within 4km of the 100%-owned central processing facility.

"The latest exploration results stem from the ongoing review of historic data, including drill logs that have not been looked at in over 30 years and never before in modern 3D software.

This makes it a highly efficient and effective way to establish new areas of mineralisation in this substantial mining camp. We look forward to uncovering more areas like Colline as part of our strategy to grow our high-grade copper-gold portfolio."