# CGR: Phase 2 Leonora Drilling Set to Commence Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/cgr-phase-2-leonora-drilling-set-to-commence--39250757-3b5c-4228-b098-88dcc2dedc70 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03155558 Publisher: asx Original announcement: 2026-10-21T22:03:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-21T22:20:06.669Z Atlas analysis updated: 2026-10-21T22:20:06.669Z - Company: CGN Resources Limited - Ticker: CGR - Exchange: ASX - Region: Western Australia - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Other, Drill results - Extracted: 2026-10-21 22:20:07 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary CGN Resources has secured a drilling rig to commence a 2,400m RC drilling program at its Leonora Gold Projects in Western Australia, scheduled for November 2026. The program will target extensions at the Pelican \(Panhandle\) and Rocky Mountain Oyster \(Christmas Well\) prospects. Reasoning: The announcement details the commencement of a planned drilling program and the securing of a rig, rather than reporting new assay results. - Positive factor: Rig secured for upcoming 2,400m RC drilling program - Positive factor: All heritage and environmental approvals secured - Positive factor: Strategic location in prolific gold district Facts used in scoring: 6 ## Classification and evidence **Nearology Play** Polarity: neutral Story-specific tag Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The announcement positions the project within a prolific gold-producing district \(Gwalia, King of the Hills\) to highlight potential. Evidence · text > strategic foothold within one of Australia’s most prolific gold-producing districts ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Drill Results (5) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/cgr-phase-2-leonora-drilling-set-to-commence--39250757-3b5c-4228-b098-88dcc2dedc70#fact-drill-facts-1) Pelican · gold Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Pelican - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: CGR #### Geometry - Grade: 20.2 - Grade Unit: g/t - Intercept: 9 m - From: 61 m - To: 70 m - Intercept Depth: 61 m #### Classification - Sample Type: drill - Group ID: Pelican:61-70 #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-03-03T00:00:00.000Z #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: High-grade historical intercept being used as a target for new drilling. - Positive factor: High grade intercept - Negative factor: Historical data Evidence · text > 9m @ 20.20g/t Au from 61m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/cgr-phase-2-leonora-drilling-set-to-commence--39250757-3b5c-4228-b098-88dcc2dedc70#fact-drill-facts-2) Pelican · gold Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Pelican - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: CGR #### Geometry - Grade: 6.19 - Grade Unit: g/t - Intercept: 4 m - From: 45 m - To: 49 m - Intercept Depth: 45 m #### Classification - Sample Type: drill - Group ID: Pelican:45-49 #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-03-03T00:00:00.000Z #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Historical intercept mentioned as a target. - Positive factor: Strong grade - Negative factor: Historical data Evidence · text > 4m @ 6.19g/t Au from 45m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/cgr-phase-2-leonora-drilling-set-to-commence--39250757-3b5c-4228-b098-88dcc2dedc70#fact-drill-facts-3) Pelican · gold Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Pelican - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: CGR #### Geometry - Grade: 2.2 - Grade Unit: g/t - Intercept: 5 m - From: 56 m - To: 61 m - Intercept Depth: 56 m #### Classification - Sample Type: drill - Group ID: Pelican:56-61 #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-03-03T00:00:00.000Z #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Historical intercept mentioned as a target. - Negative factor: Historical data Evidence · text > 5m @ 2.20g/t Au from 56m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/cgr-phase-2-leonora-drilling-set-to-commence--39250757-3b5c-4228-b098-88dcc2dedc70#fact-drill-facts-4) Rocky Mountain Oyster · gold Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Rocky Mountain Oyster - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: CGR #### Geometry - Grade: 2.5 - Grade Unit: g/t - Intercept: 5 m - From: 151 m - To: 156 m - Intercept Depth: 151 m #### Classification - Sample Type: drill - Group ID: Rocky\_Mountain\_Oyster:151-156 #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-11T00:00:00.000Z #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Recent maiden RC result mentioned as a basis for follow-up drilling. - Positive factor: Recent maiden result - Negative factor: Historical/Recent data Evidence · text > 5m @ 2.5g/t Au from 151m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/cgr-phase-2-leonora-drilling-set-to-commence--39250757-3b5c-4228-b098-88dcc2dedc70#fact-drill-facts-5) Rocky Mountain Oyster · gold Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Rocky Mountain Oyster - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: CGR #### Geometry - Grade: 2.04 - Grade Unit: g/t - Intercept: 6 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-03-11T00:00:00.000Z #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Historical intercept mentioned as a target. - Negative factor: Historical data Evidence · text > 6m @ 2.04g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.