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CGN Resources Limited (ASX:CGR)

ALERT: Price-sensitive ASX Announcement for CGR
Current share price for CGR : $0.051 -0.019 (-27.14%)+
Announcement
Release
9 Mar 2026 9:34AM
Price at Release
$0.070
Full Release
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Summary
CGN Resources Limited has announced the completion of a high-resolution, low-level airborne magnetic and radiometric survey over its Christmas Well Project located in the Leonora gold district of Western Australia. This survey identified several high-priority gold targets under shallow cover, aligning with known mineralisation in the area and revealing new litho-structural targets. The data highlights prospective geological features similar to those in major gold-bearing systems in the region, providing a basis for upcoming drilling programs. The survey results have confirmed some previous target areas and identified new conceptual greenfield targets, emphasizing the project's strong potential for gold discovery.
Key Points
  • Completion of a high-resolution magnetic and radiometric survey over Christmas Well Project
  • Identification of compelling gold targets under shallow cover
  • New magnetic data aligns with known mineralisation, suggesting potential for new discoveries
  • Key structural trends and geological features identified similar to major gold-bearing systems
  • Drill-ready targets defined for upcoming exploration programs
  • Strategic positioning of Christmas Well in a highly fertile gold district with historical significance
  • High-quality data and modelling have enhanced targeting within the project
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.