The high-grade metamorphosed greenstone sequences of the Southwest Terrane have been targeted sporadically for their gold potential with some success at Griffins Find, Katanning and Tampia. However, compared to other parts of the Yilgarn Craton, the intensity of exploration activity is relatively low.
Cygnus’ tenements include both early stage exploration areas through to advanced drill-ready targets, where high-grade gold results were achieved in drilling by previous explorers.
In addition to the 100% Projects, Cygnus has two significant earn-in agreements with Gold Road Resources Limited. Gold Road are also a major equity shareholder in Cygnus, which we believe is a strong endorsement of our team and strategy.
This endorsement is strengthened by our cornerstone investors, Resource Capital Fund VI L.P and Southern Cross Capital, who have major investments in the Company.
Cygnus’ technical team has considerable knowledge and experience in targeting and evaluating gold mineralised systems world-wide, and project generation was based on a regional-scale, mineral systems approach to identifying areas comprising key elements of the targeted mineral systems such as interpreted greenstone belts (or metamorphosed equivalents), and faults deemed active at the time of mineralisation.