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Musgrave Minerals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | White Light | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/29/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-6-2020: Musgrave Minerals Ltd. announces an Exploration/Drilling Update report for its White Light deposit at the Cue project. Drilling results incl. 6m @ 54.4g/t Au from 211m. Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased t | |
| 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 twelve reverse circulation (“RC”) drill holes from the current program at the new Starlight gold discovery at Break of Day. Drilling continues to confirm the Starlight discovery and has also identified a second high-grade lode 75m to the south and striking parallel to Starlight. This new lode named “White Light” has been confirmed from RC drilling with new intercepts aligning with a number of historical isolated gold intersections over a strike extent of more than 100m. Both lodes remain open to the south-east and down dip where drilling is continuing. All these intercepts at Starlight and White Light are outside the existing Break of Day resource. The Starlight and White Light lodes at Break of Day are located on the Company’s 100% owned ground at its flagship Cue Gold Project in Western Australia’s Murchison district (Figure 1). Drilling at both lodes is continuing, with a focus on infilling and extending the high-grade gold mineralisation. Drilling will also continue to test for new lodes within the Break of Day and Lena system. | |
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