CY5 0.00% 6.8¢ cygnus metals limited

Stria released an announcement today on the JV and new drilling...

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    Stria released an announcement today on the JV and new drilling at Pontax, for which they expect a maximum of $10 million in payment, $6 million of which is to be in cash, from Cygnus. CY5 have earned 51% so far.

    They should be drilling Sakami, Pontax currently only has an inferred resource grading 1.04%, and only 10mt. Let's hope the new drilling turns up a pegmatite like Patriot today, over 100m and over 1.4%.

    We continue to hope.

    Gw
 
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