Cygnus drilling Bottleneck

CYGNUS Gold MD James Merrillees will head to site this week as the strongly backed company’s maiden drilling begins at the promising early stage Bottleneck prospect in Western Australian wheatbelt country.

Cygnus drilling Bottleneck Cygnus drilling Bottleneck Cygnus drilling Bottleneck Cygnus drilling Bottleneck Cygnus drilling Bottleneck

Bottleneck features an outstanding early stage hit made by Dominion Mining last decade of 21m grading 3.3 grams per tonne gold from 24m, with the prospect subsequently falling off the radar in the wake of the GFC and the takeover of Dominion by Kingsgate Consolidated.

Cygnus was formed in 2016 by geologists Amanda Buckingham and Oliver Krueser – both of whom are non-exec directors – with backing from some local farmers.

Renowned private equity firm RCF was impressed after coming across the story early, with Mike Bohm subsequently appointed as chairman to provide corporate direction.

Bohm’s connections saw US high net worth backed-Southern Cross Capital brought into the picture – following due di...