THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported on a recent regional scout aircore drilling program on the company’s Cue Joint Venture over Lake Austin with Evolution Mining (ASX: EVN) in Western Australia’s Murchison district.
The drilling has infilled the Lake Austin North target and extended and defined the West Island gold target, confirming potential for a large, mineralised gold system with multiple high-priority basement gold targets for follow-up.
The West Island regolith gold anomaly extends over a strike of more than 1.5km.
New results from West Island include:
50 metres at 1.17 grams per tonne gold from 70m to EOH, including 4m at 7.57g/t gold from 114m;
16m at 0.5g/t gold from 87m to EOH;
44m at 0.31g/t gold from 108m to EOH; and
16m at 0.31g/t gold from 84m.
The Lake Austin North regolith gold anomaly extends over a strike of more than 5km.
New results from Lake Austin North include:
80m at 0.24g/t gold from 84m, including 19m at 0.57g/t gold from 145m.
“The joint venture aircore drilling continues to define strong consistent gold anomalies under Lake Austin indicative of a large mineralised system in the basement,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.
“We are looking forward to the commencement of diamond drilling in February to test the basement beneath a number of these large regolith gold targets.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE