• All drilling conducted by Cygnus Metals at the Chibougamau Project was completed under the supervision of a registered professional geologist as a Qualified Person (QP) who is responsible and accountable for the planning, execution, and supervision of all exploration activity as well as the implementation of quality assurance programs and reporting.
• All Cygnus drilling reported is NQ size (47.8 mm diameter).
• All historical drilling conducted at Chibougamau Project (as is standard practice in Quebec) was completed under the supervision of a registered professional geologist as a Qualified Person (QP) who is responsible and accountable for the planning, execution, and supervision of all exploration activity as well as the implementation of quality assurance programs and reporting.
• Historic drilling at the Chibougamau Project is historical in nature dating back to the 1950s. All drilling was conducted using diamond drill rig with both BQ and NQ sized core.

• All sample collection, core logging, and specific gravity determinations were completed by Cygnus Metals under the supervision of a professionally qualified registered geologist.
• NQ core was marked for splitting during logging and is sawn using a diamond core saw with a mounted jig to assure the core is cut lengthwise into equal halves.
• Half of the cut core is placed in clean individual plastic bags with the appropriate sample tag.
• QA/QC is done in house by Cygnus Metals geologists with oversight from the Senior Geologist. The check samples (blanks and standards – 4% of total samples with another 2% of core duplicates taken on half split core) that were inserted into the sample batches are verified against their certified values and are deemed a pass if they are within 3 standard deviations of the certified value. The duplicates are evaluated against each other to determine mineralization distribution (nugget). If there are large discrepancies in the check samples, then the entire batch is requested to be re-assayed. The samples are then placed in bags for shipment to the offsite laboratory’s facility.
• The remaining half of the core is retained and incorporated into Cygnus’s secure, core library located on the property.
• Due to the historic nature of the above reported historic results, detailed information about sample representivity is not available, therefore the data can be unreliable.

In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.

• Industry standard sampling practices were used with sample lengths ranging from 0.3 m to 1.0 m and respected geological contacts. Sample tags were placed at the beginning of each sample interval and the tag numbers were recorded in an MS Excel database.
• Sampling practice is considered to be appropriate to the geology and style of mineralisation.
• Historic sampling was often conducted on smaller interval down to 0.1m, paper logs exist recording all requisite information. The sampling practice is considered to be appropriate to the geology and style of mineralisation.

• Diamond core was drilled using surface diamond rigs with industry recognised contractors Miikan Drilling. Miikan is a joint venture between Chibougamau Diamond Drilling Ltd., the First Nations community of Ouje-Bougoumou and the First Nations community of Mistissini both located in the Eeyou Istchee territory.
• Drilling was conducted using NQ core size.
• Directional surveys have been taken at 50m intervals.
• All historic drilling conducted at the Chibougamau Project was conducted using diamond drill rig with both BQ and NQ sized core.

Measures taken to maximise sample recovery and ensure representative nature of the samples.

Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

• Diamond core recovery was measured for each run and calculated as a percentage of the drilled interval.
• Overall, the core recoveries are excellent in the Chibougamau area. As a result, no bias exists.

• All core was geologically and geotechnically logged. Lithology, veining, alteration and mineralisation are recorded in multiple tables of the drillhole database.
• Historic drilling has been recorded on paper logs which have been scanned and digitised into MS Excel by Cygnus and other professional geologists.

• Geological logging of core is qualitative and descriptive in nature.

• 100% of the core has been logged.

If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

For all sample types, the nature, quality and appropriateness of the sample preparation technique.

Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling.

Whether sample sizes are appropriate to the grain size of the material being sampled.

• The NQ diameter the core was sawn in half following a sample cutting line determined by geologists during logging and submitted for analysis on nominal 1m intervals or defined by geological boundaries determined by the logging geologist.
• Each core sample is assigned a tag with a unique identifying number. Sample lengths are typically one metre but can be depending on zone mineralogy and boundaries.
• This sampling technique is industry standard and deemed appropriate.
• For historic drilling: the marked drill hole core sections were split using a hydraulic core splitter. Half core was put in plastic bags numbered on the outside with a pen marker. A sample tag was placed inside the bags and the bags were folded and stapled. The sample bags were then sent to the Copper Rand mine laboratory for analysis. The remaining core was retained for reference.
• Samples sizes are considered appropriate to grain size of the materials being sampled.

• Sample (NQ size half core) preparation and fire assay analysis were done at Bureau Veritas Commodities Canada Ltd (“BV”) in Timmins, Ontario, and ICP-ES multi-elements analysis was done at BV in Vancouver, B.C.
• Samples were weighed, dried, crushed to 70% passing 2 mm, split to 250 g, and pulverized to 85% passing 75 µm.
• Samples are fire assayed for gold (Au) (30 g) and multi-acid digestion ICP-ES finish, for 23 elements (including key elements Ag, Cu, Mo).
• Samples assaying >10.0 g/t Au are re-analysed with a gravimetric finish using a 30 g charge. Samples assaying >10% Cu are re-analysed with a sodium peroxide fusion with ICP-ES analysis using a 0.25 g charge.
• Historically, samples were delivered to the in-house laboratory at Copper Rand. Control samples were sent to an external laboratory.

• None used.

• At Bureau Veritas, laboratory QC procedures involve the use of internal certified reference material as assay standards, along with blanks, duplicates and replicates.
• For historic assays completed at the on-site laboratory, samples were transferred into metal pans. Paper bags were prepared, and the sample numbers were recorded on them. The samples were crushed to -0.25 in (-6.35 mm) and split to keep 100 to 200g. Rejects were put back into the plastic bags and stored.
• The split was pulverized with a disk pulverizer and the pulp was stored in the paper bag. A 5 g sample was weighed and put in a beaker. Trays of 35 beakers were used. The samples were dissolved using a mixture of 20 mL of hydrochloric acid (HCl) and 10 mL of nitric acid. The trays were then heated for five minutes and left to sit and cool for 45 minutes.
• The solution was vacuum filtered into Erlenmeyer flasks and levelled to 100 ml. The Erlenmeyer flasks were mixed for one minute. The solution was then placed into test tubes, 35 test tubes per tray, and diluted with water at a ratio of 1:15.
• The test tubes were subjected to analysis by atomic absorption for copper, gold, and silver. Results were displayed on the screen of the atomic absorption analyzer. There was no electronic storage of results. Assay results were manually transcribed onto assay sheets by the operator. They were later entered into computer spreadsheets for further processing by the geology department. The handwritten assay sheets were archived in files at the laboratory.

• Verification of sampling was made by Cygnus Metals and other professional consultant geologists.
• Verification of historic original drillhole logs and assay data was made by Cygnus and other professional geologists.

• No hole is twinned.

• All logging data was completed, core marked up, logging and sampling data was entered directly into the database.
• The logged data is stored on the site server directly.
• For historic log, all data is recorded on pdf reports much of which are filed with the Quebec government – Ministry of Natural Resources and Forests.

• There was no adjustment to the assay data.

• The location of the drillholes and the aiming points for the orientation of the drillholes were indicated on the ground using identified stakes. The stakes marking the location of the drillholes were set up and located with a Garmin GPS model “GPSmap 62s” (4m accuracy).
• Surveys are collected using a Reflex EZ-Shot® single-shot electronic instrument with readings collected at intervals of approximately every 30 m downhole plus a reading at the bottom of the hole.
• The location of the drillholes and the aiming points for the orientation of the drillholes are recorded on the historic drill logs and associated maps.

• The grid system used is UTM NAD83 (Zone 18).
• Historically, the grid system used was the Copper Rand mine grid which has been converted to UTM NAD83 (Zone 18).

• A Digital Terrane Model (DTM) has been used to accurately plot the vertical position of the holes, which is considered to provide an adequate level of topographic control.

• The drill spacing for recent drilling is considered appropriate for this type of exploration.
• Due to the historic nature and mix of underground and surface drilling the drill hole spacing for historic drill results is highly variable.

• No resource estimation is made.

• No sample compositing has been applied.

• Recent drilling is orientated approximately at right angles to the currently interpreted strike of the known interpreted mineralisation. 
• Due to the historic nature and mix of underground and surface drilling the drill hole orientation for historic drill results is highly variable.

• No bias is considered to have been introduced by the existing sampling orientation.

• Core was placed in wooden core boxes close to the drill rig by the drilling contractor. The core was collected daily by the drilling contractor and delivered to the secure core logging facility. Access to the core logging facility is limited to Cygnus employees or designates.
• Due to the historic nature of the above reported historic results detailed information about sample security is not available, therefore the data can be unreliable.

• No audits or reviews of sampling techniques or data have been undertaken, therefore information on audits or reviews is not yet available.

• The data reported within this announcement is from the Chibougamau Project. The Chibougamau project consists of 3 properties which include:
  • Copper Rand (1 mining license, 19 mining concession and 147 exploration claims)
  • Corner Bay – Devlin (1 mining license, 111 exploration claims)
  • Joe Mann (2 mining concessions, 74 exploration claims)
• Copper Rand and Corner Bay – Devlin are held 100% by CBAY Minerals Inc (“CBAY”), a wholly owned subsidiary of Cygnus.
• 2732ha of the Joe Mann property is held by CBAY and 3,029.6ha held under a 65%/35% JV agreement with SOQUEM (35%).
• The properties collectively making up the Project are in good standing based on the Ministry of Energy and Natural Resources (Ministère de l’Énergie et des Ressources Naturelles) GESTIM claim management system of the Government of Québec.

• All tenure is in good standing.

• The Chibougamau Copper and Gold project comprising Corner Bay, Devlin, Cedar Bay and Joe Mann has seen an extensive exploration history dating back to the early 1900s. The Preliminary Economic Assessment (as referred to in the Company’s announcement of 15 October 2024) provides a detailed history of the exploration activities undertaken by previous explorers.
• Corner Bay was first identified as a prospect in 1956
  • 1956 – 1972 eight drilling programs totalling 1,463 m and various geophysical and electromagnetic (EM) surveys
  • 1973 – 1981 Riocanex and Flanagan McAdam: ground ge

    Recent Posts

    3 min

    Planning For A Financial Revival In 2025...

    

    3 min

    Drowning In Debt? How To Manage On A Dwindling Budget...

    

    Trending

    3 min

    Planning For A Financial Revival In 2025...

    

    2 min

    Check On These Tax Credits Before Filing Your Return In 2024...

    

    Related Articles

    Planning For A Financial Revival In 2025...

    

    Check On These Tax Credits Before Filing Your Return In 2024...

    

    10 Weekend Gigs That Will Help You Pad Your Savings...

    

    Social Security Changes You Need To Know About In 2024...

    

    5 Tips For Responsibly Utilizing Your Credit Cards...

    

    16 Places To Get FREE Stuff On Your Birthday...

    

    Stay Informed

    Get the best articles every day for FREE. Cancel anytime.

    Subscribe