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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Break of Day | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-3-2017: 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. 1m @ 117.4g/t Au from 173m. 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 announce the receipt of assay results for a further two drill holes from the current 4,000m reverse circulation (“RC”) drilling program at the Break of Day prospect on the Cue Project in the Murchison region of Western Australia (Figure 1). Musgrave Managing Director Rob Waugh said, “This is another positive result with the high grade gold in 17MORC003 extending the Twilight Lode at Break of Day a further 25m south. The mineralisation is still open to the south (Figure 2) and down plunge which creates an opportunity for Musgrave to continue to extend this high grade gold mineralisation to grow the resource.” Musgrave has currently drilled 44 holes for a total of 4,006m in the current program. Assay results have now been received for 6 drill holes with results for the remaining 38 drill holes expected over the next six week period. The objective of the drilling is to extend and infill the high grade gold mineralisation at both Break of Day and Lena to complete a new resource estimate in the second quarter of 2017. The new resource estimate will underpin studies to demonstrate a viable path to near term development. | |
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