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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Break of Day | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Copper | |
| Date: | 9/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-9-2017: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Break of Day deposit at the Cue project. Drilling results incl. 13m @ 8.8g/t Au from 102m. 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 further intersections at the Break of Day deposit with results received from the recently completed reverse circulation (“RC”) drilling program. The wholly owned Break of Day gold deposit is on the Cue Project in the Murchison region of Western Australia (Figure 1). Musgrave Managing Director Rob Waugh commented, “The Break of Day deposit continues to grow with the new south plunging high-grade shoot still open. This new shoot is projected below the current drilling and creates a significant opportunity for the Company to grow the high-grade gold resource at Break of Day. The high-grade gold intersected near surface will also enhance the open cut mining potential at Break of Day.” “The Musgrave team will aim to double the Moyagee resource over the next 18 months through additional RC and diamond drilling. We are yet to find the edges of the Break of Day deposit which is proving to be part of a significant high-grade mineralised gold system.” Break of Day 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 purpose of the recent program was to identify extensions to this resource. Musgrave has now received assay results for all but two drill holes from the recently completed 20 hole, RC drill program (Table 1). | |
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