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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | A-Zone, Lake Austin North | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Copper | |
| Date: | 5/1/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-5-2019: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its A-Zone, Lake Austin North deposit at the Cue project. Drilling results incl. 93.0m @ 1.3g/t Au from 98.7m. Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Compan | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Robert Waugh (Internal) | |
| ABSTRACT: | Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) has received further gold assay results from diamond drilling at the A-Zone, Lake Austin North, located 3km north of the Break of Day gold deposit within the Company’s flagship Cue Project in Western Australia’s Murchison district (Figure 1). The results are encouraging and continue to support the Company’s view that a large gold system is present under the lake. Once all diamond drilling assays and aircore results are received, the data will be compiled and interpreted. Further follow-up drilling will be a priority. Musgrave Managing Director Rob Waugh said “This is another positive result at Lake Austin North and confirms the new interpretation of the dip of the gold mineralisation at A-Zone. The Company has identified a large gold system where diamond drilling is continuing to intersect thick zones of alteration and high-grade gold mineralisation. The A-Zone remains open along strike and at depth with the broader target area at Lake Austin North showing potential for multiple mineralised zones.” | |
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