For thousands of other reports visit RSC's Mineral Intellingence Map
Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Lake Austin North | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Copper | |
| Date: | 7/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-7-2018: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Lake Austin North deposit at the Cue project. Drilling results incl. 56m @ 0.65g/t Au from 94m. 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 strong assay results from the recently completed regional aircore/reverse circulation (RC) 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 another strong result and with the mineralisation open in multiple directions along the granodiorite contact, it indicates we have identified a significant gold system. Many of the drill holes currently terminate in mineralisation so follow-up RC drilling will be focused on establishing the true thickness, tenor and extent of the gold mineralisation in unweathered rock to help define the scale of the system. Modelling of the recent gravity data also suggests the mineralised contact could extend for a significant strike extent under the salt lake in areas of no previous basement drilling, thus increasing the exploration upside.” Drilling at the Lake Austin North gold target continues to return thick intervals of significant gold mineralisation in Archaean regolith. The Lake Austin North target now comprises multiple parallel zones of anomalous gold mineralisation 200-300m apart (Figure 2), approximately 3km north of the Company’s Break of Day and Lena gold deposits. The A Zone target 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. The Granny Smith-Goanna-Windich string of gold deposits contained combined 2001 resources of 43Mt @ 1.65g/t Au for 2.3Moz of contained gold1 . LAKE AUSTIN NORTH RESULTS – A ZONE Further drill results have been received for Lake Austin North with drill hole 18MOAC106 extending the A Zone mineralisation | |
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