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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Break of Day | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/10/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-10-2016: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Break of Day deposit at the Cue project. JV with Silver Lake Resources - drilling results incl. 21m @ 21.5g/t Au from 157m. Musgrave Minerals Ltd (“Musgrave” or “th | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Robert Waugh (Internal) | |
| ABSTRACT: | Musgrave Minerals Ltd (“Musgrave” or “the Company”) (ASX: MGV) is pleased to report further strong assay results from the current reverse circulation (“RC”) drilling program at Break of Day on the Cue Project in the Murchison region of Western Australia. Complete one metre assays from drill hole 16MORC026 have been received and have returned the thickest high grade gold intersection yet recorded at Break of Day. The new results returned 13m @ 15.6g/t Au from 165m down hole to create a combined interval assaying 21m @ 21.5g/t Au from 157 to 178 metres down hole (Figures 1 & 2). Included in this broad intersection are higher grade zones including 1m @ 32.6g/t Au from 166m, 3m @ 51.8g/t Au from 170m and 6m @ 41.4g/t Au from 157m down hole (previously reported, see ASX announcement 23 September 2016, “Highest Gold Grade to date at Break of Day”). These intersections are in the Velvet Lode (previously referred to as the Hanging-wall vein). The mineralisation is steeply dipping to the west at depth. This thick high grade gold mineralisation in drill hole 16MORC026 is open down plunge to the north where it is yet to be drill tested (Figure 3). Drill hole 16MORC039 intersected 3m @ 38.6g/t Au from 274m down hole including 1m @ 100.5g/t Au from 275m down hole. This is the deepest intersection drilled to date and indicates the high gold grades are continuing at depth. The hole was drilled approximately 70 metres down plunge of 16MORC012 (6m @ 12.3g/t Au, see ASX announcement 12 August 2016, “Gold Mineralisation Extended at Break of Day”) and extends the high grade mineralisation further down plunge (Figure 3). The high grade in drill hole 16MORC039 is at a vertical depth of 235m and is open at depth. | |
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