Announcement Date: 2022-09-19
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Musgrave Minerals Ltd.
Project name: Cue
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 4m at 29.9g/t Au from 17m
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”) drilling along the Waratah trend, east of Break of Day and additional gold anomalism in aircore drilling over new regional targets. All these areas are on the Company’s 100% owned ground at its flagship Cue Gold Project in Western Australia’s Murchison district (Figure 1). The Waratah trend is approximately 400m east of Break of Day and runs parallel to the Lena/Break of Day corridor (Figure 1). The mineralised trend is interpreted to extend for over 4km of strike with highgrade gold mineralisation identified in at least two separate zones of approximately 250m in individual strike for a combined 500m. The mineralisation is dipping steeply west and hosted within a sequence of chert-rich sediments, ultramafics and dolerites and remains open down plunge (Figures 2 and 3). Eleven RC drill holes were drilled at Waratah (Tables 1a and 1b) with near surface high-grade intersections of Hi-Ti Basalt Stratigraphic Targets A regional aircore drilling program was completed along the high-titanium basalt stratigraphic unit that hosts the Break of Day and White Heat-Mosaic high grade gold deposits at Cue (Figure 1). The aim of the drilling was to identify new zones of gold anomalism in the regolith within this favourable geological unit. Drilling at Break of Day
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