For thousands of other reports visit RSC's Mineral Intellingence Map
Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Colonel, Colonel East, CV03, Mt Eelya | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Copper | |
| Date: | 6/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-6-2017: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Colonel, Colonel East, CV03, Mt Eelya deposit at the Cue project. JV - drilling results incl. 21m @ 1.9% Zn, 0.4% Cu, 0.5g/t Au, 6g/t Ag from 21m. Musgrave Minerals | |
| 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 high grade zinc, copper, gold and silver mineralisation has been intersected near surface at the Mt Eelya and Colonel Prospects from the recently completed reverse circulation (“RC”) drilling program on the northern Hollandaire area of the Cue Project in the Murchison region of Western Australia (Figure 1). The Cue Project is a joint venture with Silver Lake Resources Ltd (ASX: SLR) where Musgrave holds a 60% interest and has elected to increase its interest to 80% ^. The base metal and gold focused drilling program was completed in late May with 16 drill holes completed for a total of 2,720m. Drill hole assay results have been received for the first five drill holes in the program covering four base metal targets. Three targets returned significant base metal and gold-silver intercepts (Table 1) at the Mt Eelya and Colonel prospects. All three targets are all still open with significant upside potential. Down hole electromagnetic surveys are currently being planned to better define the potential extent of the base metal mineralisation. Musgrave Managing Director Rob Waugh commented, “This is a fantastic first up result and confirms the project has significant upside base metal potential. The shallow and high grade nature of the mineralisation is also encouraging. It is still early days but these results add to the potential of the field. Further drilling on these targets is warranted however our nearterm focus is to advance Lena and Break of Day and the upgraded gold resource estimate for these deposits is still on track for mid-July 2017”. | |
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