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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Cue | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Copper | |
| Date: | 8/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-8-2017: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Cue deposit at the Cue project. Drilling results incl. 18m @ 0.11g/t Au from 102m. Musgrave Minerals Ltd (“Musgrave” or “the Company”) (ASX: MGV) is pleased to report | |
| 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 that new high-priority gold targets have been identified for drill testing on the Cue Project in the Murchison region of Western Australia. It is also pleased to provide further assay results from the recently completed reverse circulation “RC” drill program at Cue and to advise that drilling at Break of Day is expected to re-commence next week. On 18 July 2017, Musgrave announced that it had exercised its pre-emptive right to acquire Silver Lake Resources Limited’s (ASX: SLR) (“Silver Lake”) interest in the joint venture enabling Musgrave to move to 100% ownership of the key tenure on the Project. Musgrave Managing Director Rob Waugh commented, “These results support the Company’s, very positive view on the gold prospectivity of the Cue Project. We continue to identify high-priority targets and have a strong belief in the upside potential of the project. The Louise target south of Break of Day has the potential to be another high-grade gold discovery opportunity.” | |
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