CGN Resources MD Stan Wholley outlines expanding WA exploration pipeline

Proactive - Interviews for investors

CGN Resources Ltd (ASX:CGR) managing director Stan Wholley talked with Proactive's Stephen Gunnion about the company’s growing exploration portfolio across Western Australia, including new tenement acquisitions and upcoming drill programs. Wholley provided an update on the company’s flagship Webb Project, where CGN has tested five out of 11 identified IOCG targets. While no discovery has been made yet, the region remains underexplored and highly prospective. Weather constraints limit access to Webb during the summer months, prompting CGN to diversify its portfolio. The company recently secured two new exploration licenses south of Leonora, enhancing the Panhandle Project. These tenements feature historic high-grade drill hits and sit in a strategic location between the Ulysses and Gwalia gold mines. “We were fortunate enough to win what I think, of course, is the best two tenements out of that ballot process,” Wholley said. Progress is also being made at the Christmas Well Project, where CGN is awaiting final sign-off from traditional owners to grant tenure. Drilling is expected to begin before year-end. The company also plans to advance the Broadhurst Project in the Paterson Province in 2025. Wholley said CGN is well-funded, with A$3.5 million in the bank, and that exploration costs in the region remain relatively low. For more interviews like this, visit Proactive’s YouTube channel. Don’t forget to like the video, subscribe to our channel, and enable notifications for future content. #CGNResources #GoldExploration #WesternAustraliaMining #LeonoraGold #ChristmasWell #IOCG #JuniorMiners #MiningInvestment #ASXStocks #ProactiveInvestors