Announcement Date: 2022-06-29
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Musgrave Minerals Ltd.
Project name: Cue
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 3m @ 14.6g/t Au from 60m
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 at the Amarillo Prospect on the Company’s 100% owned ground at its flagship Cue Gold Project in Western Australia’s Murchison district (Figure 1). These new intersections are outside current Mineral Resource Estimate boundaries and have the potential to further grow the resource base at Cue that currently sits a 927,000 oz of Gold (see MGV ASX announcement dated 31 May 2022, “Cue Mineral Resource Increases to 927,000oz). In addition, early stage aircore drilling to the north of Amarillo along the Western Trend has identified new near surface regolith gold occurrences. RC drill testing of these new targets is planned for July 2022. At Amarillo, approximately 800m north of Big Sky and 1km SW of Break of Day (Figure 1), RC drilling continues to intersect significant near-surface gold mineralisation (Tables 1a and 1b). The mineralisation is hosted in a combination of sheared mafic and sedimentary rocks intruded by felsic porphyries (Figure 2). New drill intersections include
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