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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Lake Austin, West Island | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Copper | |
| Date: | 2/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-2-2018: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Lake Austin, West Island deposit at the Cue project. Drilling results incl. 4m @ 8.1g/t Au from 87m. Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) i | |
| 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 that the regional gravity survey recently completed on its Cue tenements in Western Australia’s Murchison district has highlighted 10 new high priority gold targets for drill testing (Figure 1). The gravity data was integrated with existing aeromagnetic, geochemical and historical drilling information to define these targets along the prospective 20km long corridor. Seven of the targets have historical broad-spaced aircore or rotary air blast (RAB) drill holes that returned anomalous gold in assay results. These historical drill holes terminated at fresh rock and did not penetrate into basement. The targets are open and untested by basement drilling. The Lake Austin North gold target is a 1km long regolith gold anomaly interpreted to be on a parallel shear to the Break of Day/Lena shear zone under lake sediments. Historical aircore drilling from 2002 intersected 4m @ 8.1g/t Au (MOAC153) at 87m vertical depth is open to the north and has not been followed up. The target is only 3km north of Break of Day. The West Island target is a 500m long gold target interpreted to be on a parallel shear to the Break of Day/Lena shear zone under lake sediments. Historical aircore drilling from 2006 intersected 4m @ 2.7g/t Au at 107m down hole but no follow-up basement drilling has been conducted. The target is 8km north of Break of Day. | |
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