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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | A Zone | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Copper | |
| Date: | 1/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-1-2019: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its A Zone deposit at the Cue project. Drilling results incl. 239.4m @ 0.4g/t Au from 7.1m. Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased to | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Robert Waugh (Internal) | |
| ABSTRACT: | Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased to report further highly encouraging assay results from diamond drilling at the A-Zone gold target at 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). Musgrave Managing Director Rob Waugh said “Diamond drilling continues to extend the basement gold mineralisation at A-Zone with recent assays returning further thick intervals of mineralisation. The system remains open in all directions with further drilling underway. Two drill rigs are currently operating and a third is expected to commence this week. Diamond drilling will continue to step-out and test the extents of the mineralisation along strike and down dip with the aim to outline the size and grade of this potentially large and exciting gold discovery.” The first phase of diamond drilling on the new gold discovery at A-Zone, Lake Austin North was completed before Christmas with seven holes drilled for 1,950m. Gold assay results for all seven holes have now been received (Figure 2), with the final four holes reported here (all new assays are reported in Table 1a). Diamond drill hole 18MODD011, drilled 50m south of hole 18MODD008 (242m @ 1.0g/t Au from 61m down hole including 45m @ 3.3g/t Au from 70m down hole, ASX announcement 4 December 2018, “Diamond Drilling Confirms Significant Gold Discovery at Lake Austin North”) intersected a thick mineralised interval of 239.4m @ 0.4g/t Au from 71.6m down hole including a higher-grade zone of 43.2m @ 1.0g/t Au from 115.0m. Diamond drill hole 18MODD012, drilled a further 50m south of 18MODD011 intersected a thick mineralised interval of 128.1m @ 0.5g/t Au from 133.3m down hole including a higher-grade zone of 32.0m @ 1.5g/t Au from 133.3m including 9.7m @ 3.1g/t Au for 133.3m. 18mODD012 is now the southern-most hole drilled at A-Zone. The mineralisation remains open to both the south and north. | |
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