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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | D-Zone, E Zone | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Copper | |
| Date: | 2/28/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-2-2019: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its D-Zone, E Zone deposit at the Cue project. Drilling results incl. 26m @ 0.62g/t Au from 81m. Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is please | |
| 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 strong assay results (Table 1a) from the current regional aircore drilling program at the Company’s flagship Cue Project in Western Australia’s Murchison district (Figure 1). Musgrave Managing Director Rob Waugh said “This is an excellent early result from the regional lake aircore drilling and validates the Company’s view that Lake Austin North has the potential to be a large gold system with multiple mineralised structures. Similar regolith gold mineralisation was intersected in first pass aircore drilling of the A-Zone basement mineralisation in 2018. These new targets are still open to the south with drilling ongoing.” Regional aircore drilling across the Lake Austin North gold target has returned thick intervals of significant gold mineralisation hosted in Archaean regolith (weathered basement rock). The Lake Austin North gold target now comprises multiple zones of anomalous regolith gold mineralisation (Figure 2), approximately 3km north of the Company’s Break of Day and Lena gold deposits. The current regional aircore program is approximately 55% complete with 61 drill holes for 8,065m completed to date. Aircore drilling is continuing with the next batch of results expected in approximately four weeks. Diamond drilling at A-Zone, Lake Austin North is progressing well with six holes completed to date. Samples are batched and currently being analysed and will be reported as they come to hand. | |
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