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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Lake Austin | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Copper | |
| Date: | 6/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-6-2018: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Lake Austin deposit at the Cue project. Drilling results incl. 42m @ 1g/t Au from 120m . Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased to | |
| 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 strong 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). Drilling at the Lake Austin North gold target has returned thick intervals of significant gold mineralisation in regolith over two wide zones (A Zone and B Zone, Figure 2). The A Zone is situated on a highly prospective sheared granodiorite-mafic contact in a similar geological setting to that seen at the Granny Smith gold deposit in the Eastern Yilgarn of Western Australia. Musgrave Managing Director Rob Waugh said “This is a fantastic result and the thick extensive regolith gold intercepts in A Zone show a significant gold system is present at Lake Austin North. The high grades intercepted in 18MOAC075 are also open to the south and show the potential for a high-grade primary source in unweathered rock. The A Zone mineralisation is still open in multiple directions where drilling is continuing.” “As part of this regional program, new gold mineralisation has now been identified at the Lake Austin North, Joshua, Lena North and Break of Day North targets. The results received to date reinforce the potential of the Cue Project to host further high-grade gold deposits within this very prospective and well-endowed region with good infrastructure and numerous operating gold plants.” | |
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