Announcement Date: 2022-02-02
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Musgrave Minerals Ltd.
Project name: Cue
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 9m @ 110.5g/t Au from 42m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased to report further exceptional gold assay results from reverse circulation (“RC”) and diamond drilling at the new Mosaic target south of White Heat. In addition, further strong assay results from resource infill drilling at the Big Sky Prospect continue to be received. Drilling is on-going at both prospects on Musgrave’s 100% owned ground at its flagship Cue Gold Project in Western Australia’s Murchison district (Figure 1). 2 Musgrave Managing Director Rob Waugh said: “Our Cue gold project continues to deliver with more exceptional near-surface gold results in both RC and diamond drilling. We think there is a lot more gold to be found in this district. These results again demonstrate the upside of the project. Even modest tonnages at these sort of near surface grades could have a positive impact on the future project economics. The Company currently has three drill rigs on our 100% tenure and one on the Evolution JV. The immediate focus is on building the resource base and delivering a Mineral Resource Estimate update in late Q2 2022.”
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