For thousands of other reports visit RSC's Mineral Intellingence Map
Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Mainland | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/27/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-11-2019: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Mainland deposit at the Cue project. Drilling results incl. 2m @ 55.4g/t Au from 52m. Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased to r | |
| Resources: | ||
| CP/QP: | [Overall Report]: Robert Waugh (Internal) | |
| ABSTRACT: | Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased to report highgrade gold results from reverse circulation (“RC”) drilling at Mainland on the Company’s flagship Cue Gold Project in Western Australia’s Murchison district (Figure 1). Musgrave has an option agreement to acquire 100% of the basement gold rights at Mainland (see ASX release 6 March 2019, “Musgrave Secures More Key Gold Tenure at Cue”). Musgrave Managing Director Rob Waugh said “This is a great early result at Mainland and supports the Company’s view that there are significant gold discoveries still to be made in the Murchison. These early results are not dissimilar to the early results at Break of Day with the gold mineralisation remaining open to the west and down dip. Mainland has a long history of alluvial gold production and to discover a basement source for some of this historical production is a significant step forward.” Assay results (Table 1a) from the latest RC drill program at Mainland returned high-grade gold in adjacent holes at the Consols Prospect (Figure 2) where the mineralisation remains open at depth and along strike to the west. Following the execution of an Option Agreement to acquire the Mainland tenements near Cue (Figure 1) in March 2019, the Company completed an initial RC drilling program and intersected 3m @ 5.4g/t Au from 74m down hole (19MORC008) at the Consols target (Figure 2) (see MGV ASX release 20 August 2019, “High-Grade Gold Intersected at Lena and Mainland, Cue Project”). Follow-up RC drilling consisted of 12 holes for 1,006m across three targets and has extended the Consols gold mineralisation along strike and down dip where it remains open and untested. Drill sampling involves a combination of six metre composite and one metre individual samples. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report