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Musgrave Minerals Ltd.

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Summary

Project:

Cue

Deposit:Lake Austin North
Location:Australia
Commodities:Gold
Date:6/5/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:5-6-2020: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Lake Austin North deposit at the Cue project. Drilling results incl. 6m @ 4.2g/t Au from 116m. Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleas
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 recent regional scout aircore drilling program on the Lake Austin Joint Venture with Evolution Mining, at the Company’s flagship Cue Project in Western Australia’s Murchison district (Figure 1). The results have strengthened Musgrave’s exploration model for a large mineralised gold system beneath Lake Austin. The drilling has generated multiple high-priority basement gold targets for follow-up drill testing. Musgrave Managing Director Rob Waugh said: “These aircore results continue to show the large scale of the gold system lying hidden under Lake Austin and support the Company’s view on the prospectivity of this large area. The Lake Austin North gold anomaly now extends for over 5.5km in strike with additional new anomalies at West Island and Mainland East highlighting the potential of the system to host significant gold deposits.”

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