Musgrave Minerals Adds Numbers to List of Cue Gold Hits

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further gold assay results from recent regional aircore/reverse circulation (RC) drilling undertaken at the company’s Cue project in Western Australia’s Murchison district.

This time Musgrave Minerals announced results from infill drilling carried out at the Numbers prospect, approximately four kilometres south of Break of Day/Lena that intersected further high-grade gold within sedimentary iron formation below thin hardpan cover.

Shallow gold mineralisation encountered at the Numbers prospect include:

11 metres at 2.45 grams per tonne gold from 28m down hole, including 6m at 4.05g/t gold from 29m;

12m at 2.09g/t gold from 54m down hole, including 1m at 7.65g/t gold from 54m; and

5m at 3.03g/t gold from 61m and 11m at 1.68g/t gold from 93m down hole, including 4m at 2.87g/t gold from 94m.

The Numbers prospect currently hosts a near surface gold resource (JORC 2004 Inferred Resource) of 278,000 tonnes at 2.5g/t gold for 22,000 ounces of gold and has been defined over a 260m strike extent.

Musgrave Minerals said the latest infill drilling will help to enhance its geological confidence in the resource and provide an opportunity for additional follow-up drilling at depth and along strike.

“This is another good result and adds to our understanding and confidence in the Cue project, which continues to deliver on our exploration objective of making new discoveries and growing the resource base,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“Further drilling results from the new Lake Austin North, A Zone target are expected in late July.”