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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Lena | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/24/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-9-2019: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Lena deposit at the Cue project. Drilling results incl. 0.7m @ 74.7g/t Au from 314.0m. Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased to r | |
| Resources: | (Resource): 2.682Mt @ 1.77g/t Au at Lena | |
| CP/QP: | [Overall Report]: Robert Waugh (Internal) | |
| ABSTRACT: | Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased to report further high-grade gold assay results from diamond drilling at the Lena deposit, part of the Company’s 100% owned tenure on the flagship Cue Gold Project in Western Australia’s Murchison district (Figure 1). Musgrave Managing Director Rob Waugh said “These are excellent results and continue to increase our confidence in the high-grade plunge of the mineralisation at Lena where it remains open at depth. The upside at Lena is significant and we look forward to further strong results as drilling continues.” Assays from the first diamond drill holes in the current program at Lena returned high-grade gold over potentially mineable widths and are between 80m and 140m vertically below the current JORC resource boundary and support the potential continuity of mineralisation at depth. All recent assay results are presented in Table 1a. | |
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