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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Lena | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/30/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-10-2019: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Lena deposit at the Cue project. Drilling results incl. 6.0m @ 4.4g/t Au from 191.0m. Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased to r | |
| Resources: | (Resource): 2.682Mt @ 1.77g/t Au for 153Koz Au contained at Lena | |
| CP/QP: | [Overall Report]: Robert Waugh (Internal) | |
| ABSTRACT: | Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased to report that drilling has recommenced at Mainland to follow-up the high-grade gold drill results released in August and surface high-grade rock-chip sample identified in early October. The Company has also received further high-grade gold assay results from diamond drilling at the Lena deposit. Both Mainland and Lena are part of the Company’s 100% owned tenure at the flagship Cue Gold Project in Western Australia’s Murchison district (Figure 1). Musgrave Managing Director Rob Waugh said “We are excited to recommence drilling at Mainland in areas where we have previously identified high-grade gold. There is significant untested gold potential within the Mainland tenements and we are only just getting started in terms of applying modern exploration techniques in the area.” “At Lena we continue to define high-grade extensions to the gold mineralisation below the existing JORC resource boundary. The drilling has improved our confidence in the continuity of the high-grade mineralisation at depth and will likely add high-grade ounces as we continue to drill to upgrade the existing resource at Lena.” | |
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