Musgrave Minerals Claims New Gold Discovery at Cue

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) delivered a new gold discovery from results from drilling carried out at the company’s Cue gold project in Western Australia.

Musgrave Minerals reported assay results for a further twelve reverse circulation (RC) drill holes from the current program at the company’s new Starlight gold discovery at Break of Day.

Drilling has continued to confirm the Starlight discovery and has also identified a second high-grade lode 75 metres to the south and striking parallel to Starlight.

Assays received from recent RC drilling at Starlight include:

6 metres at 35.8 grams per tonne gold from 131m; and

5m at 7.2g/t gold from 230m.

The new lode; White Light, has been confirmed from RC drilling with new intercepts aligning with a number of historical isolated gold intersections over a strike extent of more than 100m.

RC drill intercepts from the new White Light lode include:

6m at 54.4g/t gold from 211m;

6m at 5.4g/t gold from 111m; and

9m at 5.1g/t gold from 21m.

Both lodes remain open to the south-east and down dip where drilling is continuing.

All recent intercepts at Starlight and White Light are outside the existing Break of Day resource.

The Starlight and White Light lodes at Break of Day are located on the company’s 100 per cent-owned ground.

Drilling at both lodes is continuing, with a focus on infilling and extending the high-grade gold mineralisation.

Drilling will also continue to test for new lodes within the Break of Day and Lena system.

“This is another positive result for the company as we build the high-grade gold resource base at Cue,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“Drilling is continuing and we are confident we can extend the lodes and make new discoveries as our geological knowledge of the system grows.

“We have extended our RC drill program following the new White Light discovery as we build towards a resource update late in Q3 2020.”