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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Break of Day | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Copper | |
| Date: | 11/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-11-2017: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Break of Day deposit at the Cue project. Drilling results incl. 11m @ 13.8g/t Au from 115m. Musgrave Minerals Ltd (“Musgrave” or “the Company”) (ASX: MGV) is please | |
| 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 reverse circulation (“RC”) drilling program at the wholly owned Break of Day deposit on the Cue Project in the Murchison region of Western Australia (Figures 1 and 2). Musgrave Managing Director Rob Waugh commented, “The high-grade gold results continue to confirm the continuity of the mineralisation which is a positive step towards a resource classification upgrade at Break of Day. The continuing high grades are enhancing the team’s confidence in the resource and our ability to deliver an economic mine at Break of Day”. Break of Day currently 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 resource is expected to increase with further drilling. The current RC drill program at Break of Day was extended to include three holes at the new Louise Prospect. Thirty three drill holes for 6,337m have now been completed in the program with further results expected later this week. The drill holes at Break of Day have targeted mineralisation beyond the current resource boundary and as infill to facilitate a resource classification upgrade from the Inferred to Indicated category. | |
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