Announcement Date: 2022-04-05
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Musgrave Minerals Ltd.
Project name: Cue
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 6m @ 19.2g/t Au from 87m
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 strong assay results from reverse circulation (“RC”) and diamond drilling at the Big Sky Prospect along the new gold corridor south-west of Lena and Break of Day, on its 100% owned ground at its flagship Cue Gold Project in Western Australia’s Murchison district (Figure 1). All recent drilling results for Big Sky have now been received and will form the basis for a maiden Mineral Resource Estimate that will focus on the near surface mineralisation at Big Sky. The scheduled mineral resource update will also include a maiden resource for the high-grade White Heat-Mosaic deposit and is expected to be completed in MayJune 2022. RC and diamond drilling at Big Sky, 2km south-west of Lena-Break of Day within the new 7km-long gold corridor (Figure 1) on MGV’s 100% ground continues to intersect significant gold mineralisation below thin transported hardpan cover (~1-6m thick). The Big Sky gold prospect (Figures 1 and 2) extends for over 2.6km of strike and has only been tested near surface to date (within ~100m). It remains open depth. The current phase of resource definition RC and diamond drilling that focussed on the top 100 vertical metres at Big Sky is now complete with assays results received for the final 43 RC and 8 diamond drill holes
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