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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Louise | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Copper | |
| Date: | 11/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-11-2017: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Louise deposit at the Cue project. Drilling results incl. 4m @ 15.4g/t Au from 79m. Musgrave Minerals Ltd (“Musgrave” or “the Company”) (ASX: MGV) is pleased to rep | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Robert Waugh (Internal) | |
| ABSTRACT: | Musgrave Minerals Ltd (“Musgrave” or “the Company”) (ASX: MGV) is pleased to report assay results from reverse circulation (“RC”) drilling at the new Louise Prospect, 750m south of the Break of Day deposit at the Cue Project in Western Australia (Figures 1 and 2). Musgrave Managing Director Rob Waugh commented, “This is a great initial result at Louise and highlights the potential for new high-grade gold discoveries within the 20km’s of prospective strike of this under explored belt. The mineralisation is within the southern continuation of the Break of Day shear and is wide open along strike and down dip. Louise is the second high-grade gold discovery for Musgrave within 18 months, which is a great achievement for the team.” The recently completed RC drill program at Break of Day included three drill holes at the new Louise Prospect located 750m south of Break of Day along the same host shear zone. The mineralisation observed at Louise is similar in style and nature to that at Break of Day. There is only one shallow basement drill hole testing the shear zone along the 750m of strike between Louise and Break of Day. Further drilling is currently being planned to follow-up this initial high-grade intersection at Louise and to test the prospective shear zone between Louise and Break of Day. The drilling will aim to extend the mineralisation where it is open to the north and at depth. | |
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