CY5 1.89% 5.4¢ cygnus metals limited

Ann: Large spodumene-bearing pegmatite outcrop discovery, Auclair, page-9

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    Have I got this right? There is a lovely 80m long newly exposed pegmatite outcrop 1.1km SW of the historical drilling. There is a new drill intercept of 6.95m with 3-10% spodumene near the site of the historical drill. And there's another newly found group of Boulders approx 740m SW of the 80m outcrop. There was no data provided in tables for the 80m pegmatite, just for the boulders provided 740m below it. I'd have liked to have seen the data for the 50% spod crystals more than I'd like to see the lower boulders with lower % spod.

    Let's compare it to BRW's Mirage ann dated 21 Aug, just because.

    Both have spodumene bearing outcrops (CY5 over 1.9km and open, BRW currently 3km perhaps 5.5km and open).

    https://hotcopper.com.au/data/attachments/5549/5549822-39baac949f756b223192a10a4a3c6a43.jpg


    https://hotcopper.com.au/data/attachments/5549/5549804-4b807841c149a2cf2ed97646adf6c17b.jpg


    Both have spodumene % between 5 and 50%. Brunswick said one of their crystals was up to 1m but highlighted an image of a 50cm crystal (same as CY5). Cygnus said there's a boulder zone up to 35m wide and BRW reported widths in excess of 30m (up to 80m).

    https://hotcopper.com.au/data/attachments/5549/5549722-52bade965862ca5a8ac4dc4eb962386a.jpg
    Cygnus left, BRW right.

    Here is the data on Regional Geology. The Appendix A boulders are all pretty close, so I have just put one marker for them.The pink line/star is approximately 10km SW of the new drill collar; the approx location of the 80m outcrop. An Anna Rosa tenement.

    https://hotcopper.com.au/data/attachments/5549/5549854-a4a2682635f9c4be581f196ca05a02b2.jpg

    I'm comparing it to BRW as there is quite some excitement about Mirage, and I feel like reception of this ann is a flop. Killian has been doing a few interviews sprucing Mirage's Boulders and multiple spod sources, maybe that's why?

    I think there is reason to think both projects have potential. One thing going for Auclair is that it is close to existing infrastructure. It won't hold BRW back, but it is certainly nice to have.







 
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