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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Break of Day | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/9/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-10-2019: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Break of Day deposit at the Cue project. Drilling results incl. 3m @ 13.9g/t Au from 53m. Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased t | |
| Resources: | (Resource): 868Kt @ 7.15g/t Au from 199Koz Au at Break of Day | |
| CP/QP: | [Overall Report]: Robert Waugh (Internal) | |
| ABSTRACT: | Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased to report followup reverse circulation (RC) drilling has returned 3m @ 13.9g/t Au from 53m down hole (19MORC017), including 2m @ 20.0g/t Au from 53m in a potential southern extension to the Break of Day deposit, part of the Company’s flagship Cue Gold Project in Western Australia’s Murchison district (Figure 1). The intercept is approximately 75m south of the current resource boundary and remains open down plunge (Figures 2 and 3). The intercept is up dip of drill hole 19MORC015 that intersected 2m @ 9.0g/t Au (see MGV release 3 September 2019, “Highgrade Gold Extension at Break of Day, Cue Project”). The drill results are presented in Table 1a. Musgrave has also been undertaking earlier-stage exploration activities at the newly acquired Mainland prospect at Cue. Rock-chip sampling at Mainland has returned a highly encouraging ultra-high-grade gold assay result from an iron-quartz breccia sample in an area of no previous drilling. The sample assayed 3,449g/t Au with visible gold obvious in the sample (Figure 4 and 5). The rock-chip sampling results are presented in Table 1b. | |
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