How CGN Resources Is Unlocking Hidden Gold Potential Near Leonora
CGN Resources has expanded its footprint in Western Australia's prolific gold belt by securing two new exploration licences near Leonora, enhancing its Panhandle Project and complementing the nearby Christmas Well Project. Initial drilling is slated for late 2025, targeting underexplored gold-bearing structures.
- Secured two new exploration licences south of Leonora, WA
- Panhandle Project now expanded between major gold operations
- Historical gold intercepts and underexplored targets identified
- Christmas Well Project tenure grant imminent with high-priority targets
- Initial exploration activities planned for Q4 2025
Strategic Expansion in a Proven Gold Corridor
CGN Resources Limited (ASX – CGR) has successfully secured two highly prospective exploration licences, E37/1587 and E37/472, located approximately 20 kilometres south of Leonora in Western Australia. These additions significantly bolster the company’s Panhandle Project, which now comprises four exploration licence applications strategically positioned between Genesis Minerals’ Gwalia and Ulysses gold operations.
The newly acquired tenements are notable for their historical gold intercepts recorded in government databases and their location within a gold-rich stratigraphic corridor. Much of this tenure remains underexplored, particularly where prospective geology lies concealed beneath transported cover, presenting compelling opportunities for discovery.
Complementing the Christmas Well Project
Alongside the Panhandle expansion, CGN Resources is advancing the nearby Christmas Well Project, situated just 10 kilometres north of Leonora. This project lies within the Gwalia Shear Zone, a major gold-bearing structure hosting multi-million-ounce deposits. Despite its proximity to world-class mines, Christmas Well remains underexplored due to widespread transported cover and limited historical drilling.
Multiple high-priority targets have been identified at Christmas Well, including litho-structural contacts and anomalous gold zones with minimal follow-up. The imminent grant of tenure here sets the stage for systematic exploration to unlock further potential.
Exploration Plans and Regional Context
CGN Resources plans to commence initial exploration activities across both the Panhandle and Christmas Well projects in the fourth quarter of 2025. The company has already progressed key land access arrangements, including heritage agreements and stakeholder engagement, underscoring its commitment to responsible exploration.
Beyond gold, CGN also holds the Webb Project in the West Arunta Orogen, targeting copper, nickel, and critical metals, and has applied for the Broadhurst Project in the Paterson Province, focusing on copper-rich mineral systems. These diversified interests position CGN Resources as a dynamic player in Western Australia’s mineral exploration landscape.
Outlook and Potential
Managing Director Stan Wholley highlighted the strategic value of assembling a tenure package in such a mineralised region, noting the combination of demonstrated gold endowment, prospective geology, and excellent infrastructure. The company’s geology team has identified several compelling targets, including multiple historical gold hits exceeding 1 gram per tonne, which remain untested by modern exploration techniques.
As CGN Resources prepares to unlock these opportunities, the market will be watching closely for early exploration results that could validate the company’s expanded position in one of Australia’s most productive gold provinces.
Bottom Line?
CGN Resources’ expanded tenure and imminent exploration mark a pivotal step in unlocking underexplored gold potential near Leonora.
Questions in the middle?
- When exactly will the new tenements be granted and exploration commence?
- What are the specific targets and drill plans for the initial Q4 2025 program?
- How will CGN Resources balance exploration across its diverse projects in gold and base metals?
