CGN Resources (ASX:CGR) Launches Maiden RC Drilling at Christmas Well Gold Project

CGR

2 min read | July 20, 2026 10:41 AM AEST | By Sonal Goyal

Google News:

CGN Resources (ASX:CGR) Launches Maiden RC Drilling at Christmas Well Gold Project — Image source: CGR Update

Recent News

What Keeps Santos (ASX:STO) in the Gas Market Debate?

Why Is Lovisa (ASX:LOV) Testing ASX 200 Retail Confidence?

Why Is AUB Group (ASX:AUB) Back in the Quality Lens?

Why Is Rio Tinto (ASX:RIO) Central to the Mining Reset?

Make Kalkine Media
My Trusted Source

Highlights

CGN Resources has commenced its maiden 4,000m RC drilling program at the Christmas Well Project in Western Australia.

The campaign will test multiple gold targets over the coming month, starting with Ox Tongue.

The drilling campaign aims at unlocking the potential of a large, underexplored gold system.

The program follows more than 12 months of exploration, target generation, heritage work and drill planning.

CGN Resources Limited (ASX:CGR) has commenced its maiden reverse circulation (RC) drilling program at the Christmas Well Project in Western Australias Leonora Gold Province. The approximately 4,000m drilling campaign will test multiple priority gold targets and is designed to unlock the potential of a large, underexplored gold system. This program marks the company's first drilling initiative across the project after more than a year of exploration planning, project advancement and target generation.

CGR Begins Maiden RC Drilling at Christmas Well

On 18 July 2026, drilling contractor Impact Drilling mobilised to the site and began operations. The drilling program will initially focus on the Ox Tongue target before progressing to the Lambs Fry, Sweetbread and Rocky Mountain Oyster targets. These priority gold prospects were identified through a combination of geological mapping, geophysical surveys and structural interpretation.

The drilling campaign follows more than 12 months of exploration work, including historical data compilation, high-resolution airborne geophysical surveys, heritage assessments, earthworks and drill planning. The program is expected to provide the first drill testesting of large-scale gold targets across the Christmas Well landholding.

Project Located in Established Gold Province

The Christmas Well Project is situated within the Leonora Gold Province, positioned along strike from the Gwalia, Tower Hill, King of the Hills and Harbour Lights gold deposits. The project covers a large landholding along the contact between the Eastern Goldfields Superterraneand theRaeside Batholith, a geological setting associated with gold mineralisation.

Assay Results Expected Following Drilling

Drilling is expected to continue across the priority targets over the next month. The companyplans to submit samples for assay on a weekly basis during the drilling campaign, with results anticipated around four weeks after submission.

CGR shares traded at AUD 0.089 per share at the time of writing on 20 July 2026.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.