CGN Resources reports promising survey results

CGN Resources (ASX:CGR) has announced significant findings from a survey at the Webb Project in Western Australia. The survey revealed 11 gravity anomalies, suggesting potential sites for valuable mineral deposits. The company is advancing exploration with studies and surveys before drilling in 2025.

Overview of CGN Resources' exploration strategy

CGN Resources has identified several high-priority gravity anomalies at its Webb Project, indicating potential for mineral systems such as carbonatite or IOCG deposits. The company is conducting structural studies and planning geochemical programs to refine these targets. Drilling activities are scheduled to begin in 2025. CGN Resources aims to explore for copper, nickel, and critical metals, leveraging high-quality geophysical data. Future work involves continued geological interpretations and systematic drilling, underscoring the company's strategic exploration approach in the mineral-rich West Arunta region.

Executive commentary on survey results

The survey results are encouraging, revealing multiple targets with significant potential. We are committed to advancing our exploration efforts and are excited by the prospects of the Webb Project. Our focus now will be on refining these targets with further studies and preparing for drilling in the coming years.