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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Lake Austin North | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Copper | |
| Date: | 10/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-10-2018: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Lake Austin North deposit at the Cue project. Drilling results incl. 36m @ 3.6g/t Au from 111m. 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 assay results from further reverse circulation (RC) basement holes drilled at A and C Zones at the Lake Austin North prospect, 3km north of the Break of Day gold deposit on the Company’s flagship Cue Project in Western Australia’s Murchison district (Figure 1). Musgrave Managing Director Rob Waugh said “The thick, extensive gold intercepts continue to support Musgrave’s view that Lake Austin North is a large, well-mineralised gold system and a new gold discovery for the Company. The Lake Austin North A and C Zone both have high-grade cores and drilling is continuing to piece together the geology to trace the strike and dip of the highergrade gold lodes. The mineralisation is open north, south and down dip. A diamond drill rig will be on site in the next few weeks to provide drill core through the mineralisation and deeper drilling capacity which will enhance the geological interpretation.” Drill hole 18MORC049 collared ~25m west of 18MORC039 intersected the mineralised zone ~70m down dip and returned a thick gold interval of 157m @ 0.55g/t Au from 90m.The hole terminated in mineralisation at the depth capacity of the drill rig. Within this broad gold zone, two higher grade intervals of 24m @ 1.6g/t Au from 90m and 31m @ 1.0g/t Au from 216m were intersected (Figure 2 and 3). | |
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