CGN Resources Ltd.ASX: CGR

Magnetic Data Illuminates Christmas Well Targets

· Issued by CGN Resources Ltd.

Filed with ASX · · 16 pages · English

Summary by 6ix AI

CGN Resources Ltd. has announced the completion of a high-resolution airborne magnetic survey at its Christmas Well Project, revealing compelling gold targets beneath shallow cover. The survey identified multiple prospective litho-structural targets and generated drill-ready targets for upcoming exploration programs. Managing Director Stan Wholley expressed satisfaction with the survey results, highlighting the potential of previously untested areas. The announcement outlines priority target areas, including Ox Tongue and Black Pudding, which exhibit strong geological characteristics for gold mineralization.

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