For thousands of other reports visit RSC's Mineral Intellingence Map
Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Break of Day | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/23/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-9-2016: 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. 6m @ 41.4g/t Au from 157m. 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 the highest grade gold intersection to date has been received in recent assays from the current reverse circulation (“RC”) drilling program at Break of Day on the Cue Project in the Murchison region of Western Australia. Drill hole 16MORC026 intersected 6m @ 41.4g/t Au from 157m down hole including 3m @ 79.4g/t Au from 159m down hole in the projected position of the hanging-wall vein. An additional high grade gold value was received from a four metre composite assay from the interval 168-172m down hole in 16MORC026. Confirmation of this value from one metre split check assays on this interval are awaited. The footwall vein was intersected approximately 30 metres further down hole and returned a high grade intercept of 1m @ 21.6g/t Au from 195m down hole (Figures 1,2,4 & 5). Hole 16MORC026 was drilled 80 metres down plunge of 16MORC022 (Figure 4) which assayed 2m @ 12.5g/t Au (see ASX announcement 19 August 2016, “Gold Continues at Break of Day”). The hanging-wall and footwall veins are steepening to the north to sub-vertical (Figures 2 & 3). The footwall vein in this location has very limited drilling to date (Figure 5) and will be further tested in the current RC drilling program. The hanging-wall vein is open down plunge to the north (Figure 4) with drilling also continuing in this area. Further high grade gold was intersected in the footwall vein in drill hole 16MORC023 returning 4m @ 5.3g/t Au from 168m down hole (Figure 3). This intersection is open both up and down dip with both the hangingwall and footwall mineralisation showing significant potential to extend down plunge. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report