Resource growth the key
With its focus now on resource growth, Cygnus’ diamond drilling next month will focus on both extensions at Pontax Central and discovery across the wider belt.
The company is also planning to conduct geophysics and mapping across Cygnus’ 44km strike of the greenstone belt with a focus on recent ground acquisitions where there has never been lithium-focussed exploration.
Along with its dual track strategy of exploration and project development, the company is continuing its project studies with ongoing environmental baseline assessments through experienced engineering consultants, Quebec-based BBA.
First pass metallurgical test work has already delivered excellent recoveries, generating a 6% spodumene concentrate using conventional processing techniques.
Our attention now turns to resource step out drilling and advancing our baseline studies at Pontax. At the same time, we are now onsite at Auclair with a drill rig and full geological crew working. Prospecting and mapping at some of the 67 pegmatite outcrops identified has commenced.”
