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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Break of Day | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/3/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-11-2016: 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. 5m @ 33.0g/t Au from 154m. 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 report further strong assay results from reverse circulation (“RC”) drilling at Break of Day on the Cue Project in the Murchison region of Western Australia. Drill hole 16MORC048 intersected 5m @ 33.0g/t Au (uncut) from 154m down hole including 1m @ 134.4g/t Au from 155m down hole (Figure 1 and 4). The intersection is interpreted to be in the Middle Lode between the projected positions of the Twilight and Velvet Lodes and 25m north of drill hole 16MORC001 (2m @ 22.0g/t Au). Drill hole 16MORC045 intersected 2m @ 10.6g/t Au from 157m down hole in the projected position of the Twilight Lode. This extends the mineralisation approximately 50m up dip of previous drill hole 16MORC026 (1m @ 21.6g/t Au). These assay results continue to enhance the geological understanding at Break of Day and increase the potential of further gold mineralisation being discovered with additional drilling as the geological model continues to develop. A diamond drilling program is due to commence next week at Break of Day to confirm geological interpretations and to obtain preliminary rock density data required for future resource estimation. A total of 32 RC drill holes were completed for over 7,265 metres as part of the recent drill program at the Break of Day Prospect and assay results have now been received for 27 drill holes. Assay results for the remaining 5 drill holes will be received within the next fortnight and will be reported as they become available. The most recent assay results are shown in Table 1. | |
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