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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Break of Day | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Copper | |
| Date: | 2/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-2-2018: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Break of Day deposit at the Cue project. Drilling results incl. 16m @ 7.2g/t Au from 95m. Musgrave Minerals Ltd (“Musgrave” or “the Company”) (ASX: MGV) is pleased t | |
| 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 further high-grade assay results from the current diamond drilling program at the wholly owned Break of Day gold deposit within the Company’s flagship Cue Project in Western Australia’s Murchison district (Figures 1 and 4). To date, a total of six diamond drill holes (three infill and three extensional) for 1,900m have been completed at Break of Day as part of the current program and extensional diamond drilling is ongoing. Assays have been received for the three infill drill holes and assays for the extensional drill holes are expected within the next six weeks. Drill hole 17MODD002 intersected 16.0m @ 7.2g/t Au from 95m down hole including 5.0m @ 17.9g/t Au from 106m down hole in the Twilight Lode near the southern edge of the current resource boundary (Figure 2). Drill hole 17MODD001 intersected 1.0m @ 52.2g/t Au from 174m down hole in the Velvet Lode near the northern limit of the current resource. All results are reported in Table 1a. The diamond drilling confirms the geological interpretation and will add valuable structural data to enhance targeting within the broader area. Musgrave Managing Director Rob Waugh commented, “Break of Day continues to deliver with further strong diamond drilling results. Extensional drilling at depth and down plunge is continuing at Break of Day and we look forward to these results in coming weeks. | |
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