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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Numbers | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Copper | |
| Date: | 7/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-7-2018: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Numbers deposit at the Cue project. Drilling results incl. 11m @ 2.45g/t Au from 28m. Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased to rep | |
| 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 further gold assay results from the recent regional aircore/reverse circulation (“RC”) drilling program at the Company’s flagship Cue Project in Western Australia’s Murchison district (Figure 1). Infill drilling at the Numbers Prospect, approximately 4km south of Break of Day/Lena has intersected further high-grade gold within sedimentary iron formation below thin hardpan cover. The Numbers Prospect currently hosts a near surface gold resource (JORC 2004 Inferred Resource) of 278,000 tonnes @ 2.5g/t Au (22,000oz Au) and has been defined over a 260m strike extent (see MGV ASX announcement 24 October 2017, “Annual Report 2017”). This infill drilling will help to enhance the geological confidence in the resource and provide an opportunity for additional follow-up drilling at depth and along strike. Musgrave Managing Director Rob Waugh said “This is another good result and adds to our understanding and confidence in the Cue Project, which continues to deliver on our exploration objective of making new discoveries and growing the resource base. Further drilling results from the new Lake Austin North, A Zone target are expected in late July | |
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