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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Starlight (Break of Day) | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/16/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-3-2020: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Starlight (Break of Day) deposit at the Cue project. Drilling results incl. 6m @ 55.8g/t Au from 108m. Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) | |
| 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 further highgrade gold assay results from reverse circulation (“RC”) drilling at the 100% owned Break of Day deposit on the Company’s flagship Cue Gold Project in Western Australia’s Murchison district (Figure 1). Drilling was focussed on testing the newly named high-grade Starlight link-lode at Break of Day and has returned consistent, high-grade gold results in drilling where the mineralisation remains open in all directions. Musgrave Managing Director Rob Waugh said “The new Starlight link-lode at Break of Day continues to deliver fantastic high-grade results and is expected to grow significantly with further drilling. The gold mineralisation at Starlight remains open in all directions including up-dip as it extends near surface. The identification of multiple individual lodes within this link position is significant and will enhance the upside potential of this new discovery.” This RC drilling program at Break of Day consisted of 13 holes for 2,490m. Assays for five holes have been previously announced; assays for a further four holes are provided in this announcement (Table 1a and 1b) and assay results for the remaining four holes expected within the next two to three weeks. | |
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