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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Break of Day | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/12/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-8-2016: 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. 4m @ 12.3g/t Au from 183m. Musgrave Minerals Ltd (“Musgrave” or “the | |
| 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 advise that further high grade gold has been intersected in follow-up reverse circulation (“RC”) drilling at the Break of Day prospect on the Cue Project in the Murchison region of Western Australia. Assay results have been received for a further five drill holes in the program (Table 1). High grade gold was intersected in the interpreted footwall vein assaying 4m @ 12.3g/t Au from 189m to 193m down hole in 16MORC012. The intersection is 80m north (Figure 1) of drill hole 16MORC004 where Musgrave intersected 6m @ 12.8g/t Au (see ASX announcement 6 June 2016, “More High Grade Gold at Break of Day”). All results are shown in Table 1. The remaining drill holes did not penetrate deep enough to intersect the footwall vein. These drill holes will be extended to intersect the projection of the footwall gold mineralisation in the upcoming program that will recommence in three weeks. Musgrave Managing Director Rob Waugh said, “Our understanding of the Break of Day gold system is continuing to grow as we drill more holes. We have successfully extended the high grade mineralisation over 80 metres of strike and it is still open to both the north and south. This is another strong result at Break of Day.” | |
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