Musgrave Minerals Confirms Break Of Day Continuity

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) claimed to have confirmed continuity of gold mineralisation at the Break of Day deposit at the company’s Cue project in the Murchison region of Western Australia.

Musgrave Minerals reported further high-grade assay results from a reverse circulation (RC) drilling program currently underway at the wholly-owned Break of Day deposit.

Latest intersections include:

17MORC108
11 metres at 13.8 grams per tonne gold from 115m down hole, including 6m at 24.5g/t gold from 120m down hole;

17MORC107
10m at 7.6g/t gold from 96m down hole;

17MORC117
6m at 8.2g/t gold from 84m down hole, including 2m at 20.9g/t gold from 86m down hole; and

17MORC118
3m at 12.6g/t gold from 142m down hole within a broader interval assaying 39m at 1.7g/t gold from 142m.

The company indicated further assays from three holes drilled at the Louise prospect, located 750m south of Break of Day, are expected this week

“The high-grade gold results continue to confirm the continuity of the mineralisation which is a positive step towards a resource classification upgrade at Break of Day,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“The continuing high grades are enhancing the team’s confidence in the resource and our ability to deliver an economic mine at Break of Day.”

Break of Day currently hosts a combined (Indicated and Inferred) Mineral Resource of 868,000 tonnes at 7.15g/t gold for 199,000 ounces of gold.

Musgrave Minerals expects the resource will increase with further drilling.

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au