THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported the commencement of aircore drilling on Lake Austin within the company’s Cue gold project in the Murchison district of Western Australia.
Musgrave Minerals said the drilling is part of its $18 million Earn-in and Exploration Joint Venture with Evolution Mining (ASX: EVN).
The aircore drilling program will test four target areas and consist of 200 drill holes, taking approximately three months to complete with first assays expected in April.
“This regional geochemical exploration program is another important step to test the gold potential of this highly prospective area under the cover sediments of Lake Austin,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.
Elsewhere, Musgrave Minerals is busy on the company’s 100 per cent-owned tenements.
The company is progressing towards delivering an anticipated Resource at the Lena deposit later in Q1 2020.
Reverse circulation drilling at Break of Day is testing Musgrave’s new ‘link-lode’ position with first assays expected in March 2020.
Reverse circulation drilling is also testing the new high-grade gold discovery at the Consols prospect, within the Mainland area, from which first assays expected in late March 2020.