07:05 AM EDT, 03/25/2025 (MT Newswires) -- Cygnus Metals ( CYGGF ) overnight Monday said "significant" mined copper-gold intersections from the past-producing Copper Rand Mine highlight the quality of the ore bodies and "true potential" of the district from the ongoing review of historical data at the Chibougamau Copper-Gold Project, Quebec.

The company is in the process of digitizing more than 100,000 documents including drill logs, which is helping to better understand the district as CYG continues to build upon the existing high-grade copper gold resources with low-risk brownfield exploration. Cygnus currently has two rigs on site.

"The combination of these historical high-grade intersections and modern exploration technology is already generating drilling targets and demonstrating that there is immense upside to be captured. This is the sort of lucrative brownfields exploration which can create significant shareholder value in a timely and cost-efficient manner," said Cygnus Executive Chairman David Southam.

Shares of the company closed up 5% to $0.105 on the TSX Venture Exchange.