For thousands of other reports visit RSC's Mineral Intellingence Map
Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Break of Day, Lena | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-3-2017: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Break of Day, Lena deposit at the Cue project. JV with Silver Lake Resources - drilling results incl. 6m @ 45.5g/t Au from 99m. Musgrave Minerals Ltd (“Musgrave” or | |
| Resources: | (Resource, Total): 1.273Mt @ 1.86g/t Au for 76,000oz Au at Lena | |
| CP/QP: | [Overall Report]: Robert Waugh (Internal) | |
| ABSTRACT: | Musgrave Minerals Ltd (“Musgrave” or “the Company”) (ASX: MGV) is pleased to announce the receipt of assay results for the first four drill holes from the current 4,000m reverse circulation (“RC”) drilling program at the Break of Day and Lena gold prospects on the Cue Project in the Murchison region of Western Australia. Musgrave Managing Director Rob Waugh said, “This is a fantastic start from the first holes of the new drill program at Break of Day and Lena. The intersection of new shallow high grade gold oxide mineralisation at Break of Day and the exceptional high gold grade in hole 17MORC002 are positive for the potential future economics of the project. In addition, the extensions of high grade gold down dip at Lena will enable Musgrave to continue to grow our high grade resources.” The current RC drilling program is continuing and will consist of approximately 40- 45 drill holes in total with results expected over the next six week period. The objective of the drilling is to extend and infill the high grade gold mineralisation at both prospects to complete a new resource estimate in the second quarter of 2017 that will underpin studies to demonstrate a viable near term path to development | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report