For thousands of other reports visit RSC's Mineral Intellingence Map
Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Joshua | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Copper | |
| Date: | 6/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-6-2018: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Joshua deposit at the Cue project. Drilling results incl. 6m @ 3.9g/t Au from 54m . Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased to repor | |
| 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 further assay results from the current regional aircore/reverse circulation (“RC”) drilling program to test 10 new high priority gold targets at the Company’s flagship Cue Project in Western Australia’s Murchison district (Figure 1). The first drill hole into the new Joshua gold target approximately 4.7km south of the high-grade Break of Day deposit, intersected 6m @ 3.9g/t Au from 54m down hole in a moderately weathered, sheared mafic with stringer quartz veining (Figure 2). The sample is a six metre composite with one metre samples currently being collected and submitted for individual assay. The gold mineralisation is open to the north, south and at depth and is within a 450m-long gold-insoil, surface geochemical anomaly (Figure 3) along the Break of Day/Lena shear corridor. Followup drilling is planned at Joshua as part of the current drilling program. Musgrave Managing Director Rob Waugh said “This intersection from Joshua is an excellent result from a first pass, shallow drill test and will be followed up with additional drilling. The target is open for more than 200m, both north and south and is on the same mineralised trend as Break of Day and Lena.” “To date, results from this regional program have been exceptional with new gold mineralisation identified at Joshua, Lena North, Break of Day North and Lake Austin North. The program highlights the potential of the Cue Project to host further gold deposits within this very prospective and well-endowed region with good infrastructure and numerous operating gold plants. Drilling is continuing and we look forward to completing the remainder of the drill program and reporting further results as they are received.” The regional drilling program consists of a combination of aircore and shallow RC drill holes to identify new gold mineralisation by testing 10 new near surface targets. The 12,000m program is approximately 90 per cent complete and is expected to continue for another two weeks, with 50% | |
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