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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Starlight (Break of Day) | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/21/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-4-2020: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its Starlight (Break of Day) deposit at the Cue project. Drilling results incl. 3m @ 118.4g/t Au from 72m. 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 one metre resampling has confirmed the recent high-grade gold assay results from reverse circulation (“RC”) drilling at the 100% owned Starlight Link-Lode at the Break of Day deposit on the Company’s flagship Cue Gold Project in Western Australia’s Murchison district (Figure 1). The drilling focused on testing the new high-grade link-lode where the mineralisation has been intersected over a strike of more than 100m and remains open to the west and down dip. Musgrave Managing Director Rob Waugh said “These results confirm the multiple high-grade gold lodes at Starlight and in many cases improve the grades from the composite sampling. Any upside resource growth at Starlight has the potential to significantly impact the future development economics of the Cue Gold Project.” The Cue Gold Project hosts total resources of 6.45Mt @ 3.0g/t Au for 613koz and includes Break of Day (868Kt @ 7.2g/t Au for 199koz contained gold) and the Lena deposit located 130m to the west (see MGV ASX releases dated 14 July 2017 and 17 February 2020). Significantly, all the intersections returned from Starlight sit outside the current resource at Break of Day. | |
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