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Cyclone Metals Ltd (ASX:CLE) is ready to capitalise on some emerging drill targets at its Macraes South prospecting permit following a pivotal ionic soil.
Cyclone Metals has started its maiden New Zealand exploration program at its newly-acquired Mareburn and Macraes South gold projects. The projects are located adjacent to OceanaGold Corporation's 10-million-ounce Macraes gold deposit currently producing 155,000 ounces per year. Geochemical sampling will target known gold mineralisation and favourable cross-cutting structures