Musgrave Minerals Adds-up White Heat and Numbers Results

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) provided further high-grade reverse circulation (RC) gold assay results from the White Heat and Numbers prospects on the company’s 100 per cent-owned ground at the Cue gold project in Western Australia.

Musgrave Minerals reported RC drilling at White Heat, situated 300 metres south of the Break of Day deposit, continues to confirm high-grade gold mineralisation near surface and has extended the mineralised high-grade shoot to 120m down plunge where it remains open.

New one-metre samples returned:

21MORC050
2 metres at 38.7 grams per tonne gold from 10m, including 1m at 74.9g/t gold from 10m;

21MORC065
3m at 12.3g/t gold from 107m, including 2m at 17.9g/t gold from 108m; and

21MORC052
2m at 9.4g/t gold from 109m.

Six-metre composite samples, included:

21MORC051
6m at 3.6g/t gold from 18m.

The Numbers prospect, approximately 3.5 kilometres south of Break of Day, already has an Inferred Resource of 278,000 tonnes at 2.46g/t gold for 22,000 ounces of gold.

Musgrave believes Numbers could become a satellite pit to a larger development at Break of Day/Lena.

New intersections from Numbers include:

21MORC071
12m at 9.1g/t gold from 48m, including 6m at 17g/t gold from 54m;

21MORC077
12m at 3.7g/t gold from 18m;

21MORC057
18m at 2.3g/t gold from 60m;

21MORC062
18m at 2g/t gold from 78m;

21MORC070
18m at 1.2g/t gold from 84m;

21MORC068
12m at 2.1g/t gold from 132m; and

21MORC064
12m at 3.6g/t gold from 54m.

“These high-grade, near surface gold results from White Heat and infill drilling at the Numbers prospect, together with the Big Sky discovery to the west, further highlight the discovery potential of the project,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Diamond drilling will shortly be underway at White Heat to confirm and extend the mineralisation.

“At Big Sky, 900 metres to the west, the company is continuing a 10,000 metres RC drilling program to better define the basement mineralisation and is awaiting assay results for the 40 RC drill holes completed to date.”

The current resource estimate for the Cue gold project totals 6.4 million tonnes at 3.2g/t gold for 659,000 ounces, including the Break of Day deposit (797,000 tonnes at 10.2g/t gold for 262,000 ounces contained gold) and the Lena deposit (4.3 million tonnes at 2.3g/t gold for 325,000 ounces contained gold).

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au