THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported on infill drilling at the Break of Day deposit at the company’s Cue gold project in Western Australia.
Musgrave Minerals received assay results for 18 reverse circulation (RC) drill holes from a recent infill program at Break of Day, which has confirmed a number of near surface extensions to the gold mineralisation at Break of Day on the Twilight and Velvet gold lodes.
Musgrave conducted the drilling to identify shallow extensions to the existing gold lodes and improve the confidence in the geological model.
The majority of this drilling was within the limits of the existing Break of Day resource estimate, however some intervals of high-grade gold were intersected outside the current resource.
High grades were encountered near surface including:
3 metres at 40 grams per tonne gold from 83m; and
9m at 3.1g/t gold from 30m
3m at 20.8g/t gold from 79m;
3m at 9.2g/t gold from 44m
2m at 13.3g/t gold from 39m;
9m at 5.6g/t gold from 106m, including 2m at 16g/t gold from 110m; and
2m at 5g/t gold from 15m.
“These are encouraging results and confirm the near surface gold potential on the Twilight and Velvet gold lodes,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.
“The identification of high-grade results outside the existing Twilight and Velvet geological model increases the upside potential and the possibility of additional, previously unidentified lodes being discovered.”
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