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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Break of Day South, Leviticus | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/6/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-12-2016: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Break of Day South, Leviticus deposit at the Cue project. JV with Silver Lake Resources - drilling results incl. 4m @ 4.0g/t Au from 103m at Leviticus. Musgrave Mine | |
| 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 advise that it has intersected gold mineralisation in reverse circulation (“RC”) drilling at the Leviticus and Break of Day South Prospects approximately 2km and 1.4km respectively to the south of Break of Day (Figure 1) on the Moyagee Project at the Cue Joint Venture in the Murchison region of Western Australia. At Leviticus drill hole 16MORC057 intersected 4m @ 4.0g/t Au from 103m down hole including 1m @ 10.2g/t Au from 103m down hole (Figure 2) at Leviticus. The mineralised lode at Leviticus is interpreted to be steeply dipping to the west (Figure 4) similar to the Break of Day lodes. This reinterpretation has opened up the potential for the gold mineralisation to continue down dip and along strike. Drill hole 16MORC058 intersected 4m @ 3.5g/t Au from 72m down hole (Figure 3) at Break of Day South. The mineralised lode at Break of Day South is interpreted to be steeply dipping to the west, (Figure 5) and open along strike and down dip. The Break of Day South Prospect is located approximately 1.4km south of Break of Day on the Break of Day shear. These assay results continue to enhance the geological understanding and prospectivity of the Break of Day Shear that extends for approximately 20km within the Moyagee Project (Figure 1). This increases the potential for further gold mineralisation to be discovered within Musgrave’s tenure as the geological model continues to develop. Both the Leviticus and Break of Day South Prospects are very sparsely drilled and have the potential to host similar high grade sub-vertical gold lodes to those discovered at Break of Day. The Break of Day South Prospect is located approximately 1.4km south of Break of Day on the Break of Day shear. | |
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