THE DRILL SERGANT: Musgrave Minerals (ASX: MGV) REPORTED further high-grade reverse circulation (RC) gold assay results from the White Heat prospect, 300 metres south of Break of Day on the company’s 100 per cent-owned ground at the Cue gold project in Western Australia.
Musgrave Minerals’ RC drilling at White Heat (formally Target 2) continues to identify high-grade gold mineralisation near surface with mineralisation now having been intersected over a strike extent of up to 100m with drilling at depth and along strike continuing.
New intercepts from 1m samples include:
11 metres at 19.6 grams per tonne gold from 48m, including 2m at 94g/t gold from 48m, including 1m at 155.2g/t gold from 48m;
21m at 7.4g/t gold from 64m, including 1m at 35.9g/t gold from 64m,
12m at 9.9g/t gold from 73m, including 3m at 8.7g/t gold from 73m,
1m at 84.5g/t gold from 83m; and
2m at 6.5g/t gold from 134m.
“These high-grade, near surface gold results from White Heat further highlight the discovery potential of the project,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.
“Exploration is continuing to deliver strong results and add value for our shareholders.
“Drilling will resume at White Heat in a few weeks as we continue to define the limits and plunge of the mineralisation.
“At a regional level, we are continuing to drill to better define the new gold corridor 800 metres west of Lena that is continuing to produce high-grade gold results in previously undrilled areas.
“Consistent newsflow from these activities can be expected over coming months.”
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