Musgrave Minerals Continues to Line Up Gold Hits at Cue

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further high-grade gold results from reverse circulation (RC) drilling at the company’s Cue gold project in the Murchison district of Western Australia.

Musgrave Minerals encountered the latest hits at the Lena deposit and from individual one metre resamples from drilling at Break of Day and Mainland.

Results from the RC drilling at Lena have continued to define the high-grade gold shoots, including:

5 metres at 12.1 grams per tonne gold from 82m, including 2m at 28.3g/t gold from 82m, within a broader interval of 46m at 1.5g/t gold from 82m to EOH;

9m at 6.4g/t gold from 116m down hole, including 2m at 22.3g/t gold from 121m; and

3m at 5.4g/t gold from 113m down hole.

The Lena mineralisation remains open down plunge with a resource update scheduled for Q1, 2020.

The one-metre resampling returned:


3m at 38.2g/t gold from 113m down hole, including, 1m at 102.5g/t gold from 114m.

Break of Day

3m at 7.2g/t gold from 128m down hole.

“These are further strong results at Lena, Break of Day and Mainland and continue to highlight the resource growth potential of all three prospects,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“With drilling already commenced for the 2020 year we are looking forward to more exciting results as the programs progress.

“The strong results from drilling at Lena to date confirm the geological interpretation which is showing good continuity of the high-grade shoots at depth and will further enhance the resource update expected later in Q1 2020.”

Lena, Break of Day and Mainland are not part of the Evolution Joint Venture.

Diamond drilling on the Evolution JV at Lake Austin North is progressing, having recommenced following the Christmas break and will continue through to late January.

Assay results are expected in March 2020.

On the broader JV area over Lake Austin at Cue, Evolution and Musgrave are planning a large aircore drilling program to further define gold targets for basement drill testing.

This drilling is scheduled to commence in early February 2020.

Follow-up drilling of a possible ‘link-lode’ at Break of Day is scheduled to commence in late January 2020 and if successful, will enable a possible resource update in Q2 2020.

Further follow-up RC drilling at Mainland on the Consols target is scheduled to commence in February 2020.