Musgrave Minerals Drills Big Sky Upside

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further strong assay results from reverse circulation (“RC”) and diamond drilling at its 100 per cent-owned ground at the company’s Cue gold project in Western Australia’s Murchison district.

This time, the results were from the Big Sky prospect from along a recently identified gold corridor south-west of the Lena and Break of Day deposits.

New intercepts include:

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6 metres at 19.2 grams per tonne gold from 87m;

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3m at 20.3g/t gold from 26m;

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2m at 34.9g/t gold from 62m; and

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8m at 6g/t gold from 65m.

Musgrave said all recent drilling results for Big Sky had been received and will form the basis for a maiden Mineral Resource Estimate that will focus on the near surface mineralisation at Big Sky.

The scheduled mineral resource update will also include a maiden resource for the high-grade White Heat-Mosaic deposit and is expected to be completed in May/June 2022.

“The latest assay results from resource drilling at Big Sky confirm the potential of the system to host higher grade zones and improves the confidence in the geological continuity of the system,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“The scheduled May-June resource update will focus only on the top 100 vertical metres (dominantly weathered open cuttable mineralisation) and be an interim Mineral Resource update (adding Big Sky and White Heat-Mosaic) as we continue to grow our resource base.

“The high-grade gold mineralisation at Big Sky remains open down dip in fresh rock, which will be the focus of subsequent drill programs planned to commence in late May 2022.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

Web: www.musgraveminerals.com.au