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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Lake Austin North | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Copper | |
| Date: | 3/27/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-3-2019: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Lake Austin North deposit at the Cue project. Drilling results incl. 5m @ 14.8g/t Au from 135m. Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is ple | |
| 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 (Table 1a) from the current regional scout aircore drilling program at the Company’s flagship Cue Project in Western Australia’s Murchison district (Figure 1). Regional aircore drilling at Lake Austin North has identified a new high-grade, high priority basement target for follow-up drill testing (Figures 2 and 3). Musgrave Managing Director Rob Waugh said “This is another excellent result from the regional scout aircore drilling on Lake Austin and supports the Company’s positive view that a large gold system is hidden below the salt lake. This regional drilling continues to define geochemical gold “halos” to focus basement drill testing, with this intercept being the highest grade intersected from aircore drilling to date. The goal is to define all the individual high-grade basement deposits beneath this gold halo.” “The new target is close to A-Zone where we have been conducting deeper drilling, and having a rig in the area means it can be tested immediately. Diamond drilling will commence this week to test this new high-grade gold target.” | |
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