CGN Resources (ASX: CGR) ready to hit the ground running at Webb in early 2024 (w/ Stan Wholley)

Small Caps

CGN Resources (ASX: CGR) managing director Stan Wholley joins Small Caps to discuss the company's up-coming exploration activities in the "hot" West Arunta multi-element play in West Australia.

CGN is preparing for an extensive 2024 exploration program at its flagship Webb project which is surrounded by significant activity at projects operated by companies such as WA1 Resources, the Rio Tinto Group, Encounter Resources and IGO.

The company has recently wrapped up maiden drilling at the project’s Tantor target, with results from core sampling studies to help define exploration targets in 2024.

The 2024 program will include ground gravity and IP surveys at the Tantor, Surus, Snorky, and Horton targets, along with an EM survey at Shep, and a combination of RC and diamond core drilling across the company’s six principal targets.

Contracts for ground geophysical surveys have been awarded, with the survey planned to commence in late February 2024, while the company expects to award geophysical and drilling programs contracts in the coming month.

CGN Resources has already demonstrated the potential for diamondiferous kimberlites at Webb, with earlier work discovering the largest kimberlite field in Australia.

Articles:
https://smallcaps.com.au/cgn-resources-busy-2024-webb-project-first-drill-results/ https://smallcaps.com.au/cgn-resources-completes-maiden-hole-tantor-target/

For more information on CGN Resources:
https://smallcaps.com.au/stocks/asx-cgr/

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