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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Break of Day | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Copper | |
| Date: | 11/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-11-2017: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Break of Day deposit at the Cue project. Drilling results incl. 39m @ 1.3g/t Au from 293m. Musgrave Minerals Ltd (“Musgrave” or “the Company”) (ASX: MGV) is pleased | |
| Resources: | (Resource, I+I) 868kt @ 7.15g/t Au for 199koz at Break of Day | |
| CP/QP: | [Overall Report]: Robert Waugh (Internal) | |
| ABSTRACT: | Musgrave Minerals Ltd (“Musgrave” or “the Company”) (ASX: MGV) is pleased to report assay results from the first six drill holes of the current reverse circulation (“RC”) drilling program at the wholly owned Break of Day deposit on the Cue Project in the Murchison region of Western Australia (Figures 1 and 2). Musgrave Managing Director Rob Waugh commented, “These are further strong results at Break of Day which extends the mineralisation well beyond the current resource boundary. These results will continue to grow the resource and enhance the economics of the deposit. We have completed 18 drill holes in the current program and following these positive results will expand the program to include a further 2,500m of drilling.” 2 Figure 1: Location plan showing maximum gold in hole plotted at the drill hole collar and recent intersections for the Break of Day gold deposit Break of Day currently hosts a combined (Indicated and Inferred) Mineral Resource of 868kt @ 7.15g/t Au for 199koz Au (see ASX announcement 14 July 2017, “Resource Estimate Exceeds 350koz Gold”) and the resource is expected to increase with further drilling. The current RC drill program at Break of Day has now been extended with more than 30 drill holes targeted to define the mineralisation beyond the current resource boundary and as infill to facilitate a resource classification upgrade from the Inferred to Indicated category. | |
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