Cygnus Gold Limited announced high grade silver-lead-zinc rock chips from the Bonnie Rock Project. This is a priority target with immediate follow up work planned for February. Highlights include: Bonnie Rock ~129km² (100% CY5); Field reconnaissance rock chips have confirmed significant Ag-Pb-Zn mineralisation over 1.2km of strike and remains open; Results include samples grading up to 89g/t Ag, 3% Pb and 6.7% Zn; These results align with limited early-stage historic exploration drilling over the area with grades of up to 760g/t Ag, 1.9% Pb and 1.7% Zn;
and Follow up exploration programmes have been scheduled for February. Exploration programmes have also progressed at Julimar East, Bencubbin and Panhandle Projects, targeting Nickel, Copper, PGE's and Gold. Highlights include: Julimar East Project ~325km² (100% CY5); New previously untested tenure located in close proximity and similar geological setting as Chalice Mining's Julimar Ni-Cu-PGE discovery; Reconnaissance soils programmes have now been completed to test areas of geophysical anomalism analogous to the Julimar Ni-Cu-PGE
intrusion, with results pending; and Ground gravity survey commencing shortly to assist in drill targeting. Bencubbin Project ~800km² (100% CY5); Completed ground electro-magnetic survey over ultramafic lithologies in the north of the tenement, prospective for nickel-copper-PGE sulphides. Results pending. Field reconnaissance and rock chipping has confirmed prospective
greenstone belt lithologies in the south the tenement. This will be followed up with an auger geochemical programme ahead of drilling. Panhandle Project ~100km² (100% CY5); Initial soil sampling over prospective lithologies has been completed. Results pending.