For thousands of other reports visit RSC's Mineral Intellingence Map
Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Cue | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/20/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-8-2019: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Cue deposit at the Cue project. Drilling results incl. 24m @ 3.2g/t Au from 140m. Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased to report | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Robert Waugh (Internal) | |
| ABSTRACT: | Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased to report highly encouraging assay results from drilling at the Lena deposit and the initial drilling at the Mainland Prospect, both part of the Company’s flagship Cue Gold Project in Western Australia’s Murchison district (Figure 1). Assays from the first reverse circulation (RC) holes drilled in the current program at Lena have been received, as have the first assays from Musgrave’s maiden drilling program at Mainland, a recently acquired tenement holding that has produced abundant alluvial gold but where only minimal basement exploration has been conducted. The results are presented in Table 1a. The Lena deposit has an existing JORC 2012 resource of 2,682kT @ 1.77g/t Au for 153koz Au (see MGV ASX release 15 October 2018, “Annual Report”) which is only estimated to a maximum vertical depth of 160m at Lena Main lode (Figure 2). The Lena deposit consists of a number of gold lodes, with some having significant high-grade potential at depth below the existing resource, as demonstrated by these new assay results. Diamond drilling has commenced at Lena to test for further extensions to the mineralisation below the existing resource. | |
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