Musgrave Minerals Hits Shallow Gold at Lena

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further high-grade gold results from a recently completed reverse circulation (RC) drilling program at the Break of Day and Lena gold prospects on the Cue project in the Murchison region of Western Australia.

Musgrave Minerals said it had encountered shallow intersections of high-grade gold at Lena that highlight the open-cut potential of the deposit with results including

17MORC073
2 metres at 12.4 grams per tonne gold from 3 metres down hole; and

17MORC079
13m at 9.7g/t gold from 61m down hole, including 1m at 83g/t gold from 62m down hole.

Highlights from infill drilling at Break of Day include:

17MORC055
2m at 10.3g/t gold from 224m down hole.

“Drilling at Lena and Break of Day continues to return strong high grade gold results,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“The near surface high-grade intersections at Lena highlight the open-cut potential of the deposit.

“The high-grade intersection in 17MORC079 is open to the north and at depth demonstrating an opportunity to continue to grow the Lena resource with further drilling.”

Musgrave Minerals said phase two of the drill program at Break of Day and Lena was completed in late May with 35 new drill holes and three hole extensions completed for a total of 6,644m.

The company has been encouraged by the strong gold results it believes will support a new Resource estimate scheduled to be completed in July 2017.

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au