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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Lake Austin North | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Copper | |
| Date: | 12/3/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-12-2018: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Lake Austin North deposit at the Cue project. Drilling results incl. 242m @ 1.0g/t Au from 61m. 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 highly encouraging assay results from the first diamond drill holes into the A-Zone and C-Zone targets at Lake Austin North, located 3km north of the Break of Day gold deposit within the Company’s flagship Cue Project in Western Australia’s Murchison district (Figure 1). Musgrave Managing Director Rob Waugh said “The diamond drilling is confirming what we’ve seen in the RC results and extending the mineralisation. Drill hole 18MODD008 has returned another exceptionally thick intercept with a high-grade core on our southern-most drill traverse at A-Zone. The basement mineralisation remains open and untested to the south and at depth. Diamond drilling will now continue to step out and test the extents of the mineralisation along strike and aim to further outline the size and grade of this potentially large and exciting gold discovery Diamond drilling on the new gold discovery at A-Zone, Lake Austin North is continuing with four holes completed to date for a total of 1,052m (Figure 2), and assays received for three of these holes. Diamond hole 18MODD0008, drilled 50m south of RC hole 18MORC057 (94m @ 2.4g/t Au from 156m down hole including 52m @ 4.1g/t Au from 198m, (ASX announcement 29 October 2018, “High-Grade Gold Extended at Lake Austin North, Cue”) intersected a thick mineralised interval of 242m @ 1.0g/t Au from 61m down hole including a high-grade zone of 45m @ 3.3g/t Au from 70m with 9m @ 4.6g/t Au from 70m and 18.9m @ 4.7g/t Au from 96.3m and 5.8m @ 4.5g/t Au from 199.8m (Figure 3). This is now the southern-most hole drilled at A-Zone. The mineralisation r | |
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