Announcement Date: 2022-03-15
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Musgrave Minerals Ltd.
Project name: Cue
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 4m @ 79.6g/t Au from 20m
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 highgrade gold assay results from reverse circulation (“RC”) drilling of the Mosaic Lode south of White Heat and extensional drilling at Break of Day. All new intersections are outside the current Mineral Resource estimate boundaries. Drilling is on-going on Musgrave’s 100% owned ground at its flagship Cue Gold Project in Western Australia’s Murchison district (Figure 1). The Mosaic lode, located just south of White Heat (Figure 1), is a new discovery and all drill results are outside the current Mineral Resource estimate boundary. Mosaic is a very high-grade near-surface quartz lode hosted within a high-titanium basalt stratigraphic unit that also hosts the Break of Day deposit, 300m to the north (Figure 2). Interpretation suggests the lode has a strike extent of approximately 80m where it intersects the White Heat lode to the north (Figure 2). The lode has currently been drill tested to a maximum depth of ~100m. True widths are not yet confirmed. Further drilling is planned.
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