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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Starlight | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/9/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-6-2020: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Starlight deposit at the Cue project. Drilling results incl. 42m @ 77.3g/t Au from 30m. Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased to r | |
| Resources: | (Resource, I+I): 6.45Mt @ 3.0g/t Au at Cue | |
| CP/QP: | [Overall Report] Robert Waugh (Internal) | |
| ABSTRACT: | Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased to report assay results for a further seven reverse circulation (“RC”) drill holes from the current program at the new Starlight gold discovery. The Starlight link-lode at the Break of Day deposit is located on the Company’s 100% owned ground at its flagship Cue Gold Project in Western Australia’s Murchison district (Figure 1). The drilling is focused on infilling and extending the new high-grade Starlight lode where mineralisation has been intersected over a strike of more than 115m and remains open down dip and along strike. Musgrave Managing Director Rob Waugh said “These are amazing gold grades to see in near surface drilling. Our deepest holes to date are still in high-grade mineralisation at 200 vertical metres where Starlight remains open down dip. The bonanza grades near surface will have a significant positive impact on future development at Break of Day.” This current RC drilling program at Break of Day, which is approximately 80% complete, consists of >36 holes for approximately 7,000m. Assays have been received for 19 holes to date (Table 1a) with further assays expected within two weeks. | |
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