Musgrave Minerals Hits Biggest Break of Day Gold Intersection

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported the best intersection achieved to date at the Break of Day deposit on the company’s Cue project in the Murchison region of Western Australia.

Musgrave Minerals said the intersection was amongst in the first assay results received from a current extensional reverse circulation (RC) drilling program being carried out on the Break of Day gold deposit.

Musgrave recently exercised its pre-emptive right to acquire 100 per cent of the key tenure on the Cue project, including the Break of Day and Lena gold deposits.

Extensional drill hole 17MORC084 intersected:

11 metres at 54 grams per tonne gold (uncut) from 217m down hole on the Twilight Lode.

The intersection included:

5m at 109.6g/t gold from 217m; and

4m at 10.9g/t gold from 223m.

The company explained the intersection sits outside the current Mineral Resource boundary is approximately 70m south west of previous drilling that intersected 15m at 16.6g/t gold (17MORC050) and extends the gold mineralisation to the south where it remains open.

“This is a wonderful result and creates a significant opportunity for the company to grow the high-grade Break of Day gold resource,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“This drilling shows that the mineralisation at Break of Day extends to the south and is still open.

“We are yet to find the edges of the deposit and Break of Day deposit is proving to be a significant high-grade mineralised gold system.”

The Break of Day deposit hosts a combined (Indicated and Inferred) Mineral Resource of 868,000 tonnes at 7.15g/t gold for 199,000 ounces of gold.

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au