Musgrave Minerals claims Massive Sulphide discovery at Mt Eelya

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) provided delegates on Day Two at the RIU Explorers Conference in Fremantle plenty to talk about around the coffee machine.

The company announced it had encountered some eight metres of massive to semi-massive sulphide at the Mt Eelya prospect on the Cue project, located in the Murchison region of Western Australia.

The intersection is from 115m to 123m down hole with visible chalcopyrite (copper sulphide) identified throughout the interval.

Drilling at Mt Eelya was part of an initial reverse circulation (RC) drill program on the Cue project, testing six individual targets including gold targets at Moyagee and Vostok.

The Cue project is a Farm-In and Joint Venture Agreement with Silver Lake Resources (ASX: SLR) where Musgrave can earn up to an 80 per cent interest.

The project consists of the Moyagee gold and Hollandaire copper Resources.

Musgrave carried out a Versatile Time-Domain Electromagnetic (VTEM Max) airborne geophysical survey over the broader Hollandaire project area at Cue, in order to identify bedrock conductors that may be associated with new mineralisation.

The company said the survey identified multiple bedrock conductors that represent high-priority gold–copper targets.

“The Mt Eelya sulphide drill result is a fantastic start to our campaign and supports Musgrave’s view on the upside potential of the project,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“We are also eagerly awaiting the assay results from our gold focused drill holes.

“The VTEM results are extremely encouraging and are supported by historical and recent surface sampling providing additional high priority targets for drill testing.”

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au