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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Break of Day | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/9/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-11-2016: 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. 2m @ 41.5g/t Au from 190m. 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 16MORC052 intersected 2m @ 41.5g/t Au (uncut) from 190m down hole (Figure 1) and extends the high grade gold mineralisation a further 45 metres down dip on section 13300mN (Figure 4). The intersection is interpreted to be within the Twilight Lode and is open down plunge. Drill hole 16MORC053 intersected 3m @ 7.9g/t Au from 124m down hole in the projected position of the Twilight Lode. Drill hole 16MORC056 intersected 4m @ 6.1g/t Au from 68m down hole also in the projected position of the Twilight Lode. This intersection is shallow and opens the potential for further shallow high grade gold mineralisation to extend to the south where the mineralisation is currently open (Figure 2). These assay results continue to enhance the geological understanding at Break of Day and increase the potential for further shallow high grade gold mineralisation to be discovered to the south of 16MORC056. The mineralisation also remains open at depth and down plunge. A diamond and RC pre-collar drilling program is due to commence later this 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 all 32 drill holes. The most recent assay results are shown in Table 1. | |
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