CGN Resources (ASX:CGR) Advances Webb Project Exploration with Planned Drilling in Late April

April 08, 2025 10:45 AM AEST | By Sonal Goyal

CGN Resources (ASX:CGR) Advances Webb Project Exploration with Planned Drilling in Late April — Image source: Company update

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Highlights

CGN Resources has commenced exploration campaigns at its flagship Webb Project in Western Australia.

The field crew has been mobilised to the site to prepare for drilling planned in late April 2025.

Initial drilling will focus on four high-priority targets: K4, K5, E1, and Shep.

Drilling will target IOCG, carbonatite, and gold/nickel mineral systems.

CGN Resources Limited (ASX:CGR) has launched its 2025 exploration programs at the Webb Project. The field team has been mobilised to the site to complete preparations ahead of drilling, which is scheduled to begin in late April 2025.

The drilling will focus on testing new prospects at Elmar, Shep and Kandula. The first phase of the 2025 field season will prioritise four key targets: the K4, K5, and E1 iron-oxide-copper-gold (IOCG)/carbonatite prospects, as well as the Shep gold/nickel target. These targets were selected from a group of 12 high-priority IOCG, carbonatite and gold prospects identified late last year, following a comprehensive integrated targeting study and airborne gravity survey.

Through this drilling campaign, CGN aims to uncover large-scale magmatic mineral systems, including IOCG, niobium-rich carbonatite, and orogenic gold deposits.

CGR shares traded at AU$0.07 per share on 7 April 2025.

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