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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Cue | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/24/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-6-2016: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Cue deposit at the Cue project. Drilling results incl. 13m @ 0.12% Cu, 0.9g/t Ag from 148m at Hollandaire. Musgrave Minerals Ltd (“Musgrave” or “the Company”) (ASX: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Robert Waugh (Internal) | |
| ABSTRACT: | Musgrave Minerals Ltd (“Musgrave” or “the Company”) (ASX: MGV) advises that results have now been received from all the remaining reverse circulation (RC) drill holes recently completed at the Cue Project in the Murchison region of Western Australia. Sulphide mineralisation has been intersected in drilling at Mt Eelya and Hollandaire West with down hole electromagnetic surveys (DHEM) identifying off-hole conductors at Mt Eelya, Hollandaire West and at Hunky Dory. A total of six RC drill holes for 1,147m were drilled across three prospect areas, Break of Day, Mt Eelya and Hollandaire West before heavy rains resulted in the early suspension of the program. Musgrave Managing Director Rob Waugh said, “The high grade gold mineralisation at Break of Day is very encouraging. Unfortunately heavy rains prevented further drilling. A follow-up program is currently being planned to test the strike and depth continuity of the high grade vein system at Break of Day. We expect to recommence drilling activities in late July.” | |
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