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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Break of Day | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/3/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-12-2019: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Break of Day deposit at the Cue project. Drilling results incl. 45m @ 11.8g/t Au from 144m. Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased | |
| Resources: | ||
| CP/QP: | [Overall Report]: Robert Waugh (Internal) | |
| ABSTRACT: | Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased to report highgrade gold results from reverse circulation (“RC”) drilling at Break of Day on the Company’s flagship Cue Gold Project in Western Australia’s Murchison district (Figure 1). Break of Day is not part of the Evolution Joint venture and is held 100% by Musgrave. Musgrave Managing Director Rob Waugh said “Drill hole 19MORC037 (45m @ 11.8g/t Au) was drilled to test a new hypothesis and structural interpretation and is a fantastic high-grade result for Break of Day on intersecting a potential new link-lode. This result opens numerous possibilities and opportunities to discover additional lodes and grow the Break of Day resource. Break of Day continues to deliver consistent high-grades and a few nice surprises.” The RC drill program at Break of Day consisted of 6 holes for 786m and has extended the high-grade gold mineralisation to the south and identified a new high-grade ‘link-lode’ structure between the two main Twilight and Velvet gold lodes (Figure 3). Assays are provided in Table 1a. The new link-lode remains open along strike and at depth where it is expected to intersect the Velvet lode (Figure 3). Drill hole 19MORC037 drilled to confirm a high-grade thicker section of the Break of Day system and test a new structural interpretation has identified a quartz dominant linking structure and gold lode assaying 45m @ 11.8g/t Au from 144m down hole including 5m @ 29.2g/t Au from 150m and 23m @ 16.2g/t Au from 166m. | |
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