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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Break of Day | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Copper | |
| Date: | 10/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-10-2017: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Break of Day deposit at the Cue project. Drilling results incl. 1m @ 13.6g/t Au from 171m. 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 that drilling will recommence next week at the Break of Day deposit. Initial drilling will focus on the new high-grade southern shoot. Musgrave recently intersected 11m @ 54.0g/t Au in drill hole 17MORC084 (see ASX announcement 5 September 2017, “Drilling Hits 11m @ 54.0g/t Au at Break of Day”) to identify this new high-grade zone which is open to the south and down plunge. A 4,000m, 22 drill hole program of reverse circulation (“RC”) drilling has been planned. The Break of Day gold deposit is part of the Company’s Cue Project in the Murchison region of Western Australia (Figure 3). Musgrave Managing Director Rob Waugh commented, “This is an exciting time for Musgrave and further drilling in the area of this southerly plunging high-grade shoot has the potential to add high grade ounces at Break of Day. 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 Musgrave team will aim to double the Break of Day resource over the next 12 months through additional RC and diamond drilling while we progress development studies to unlock the value of the gold resources. 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." | |
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