Musgrave Minerals Drills High-Grade Gold at Amarillo and Identifies New Regional Targets

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported new high-grade gold assay results from the company’s 100 per cent-owned ground at the Cue gold project in the Murchison district of Western Australia.

Musgrave Minerals completed a round of follow-up RC drilling at the Amarillo prospect, outside the current resource, that returned further high-grade gold results, including:

22MORC094
17 metres at 2.5 grams per tonne gold from 18m, including 2m at 12.7g/t gold from 33m;

22MORC088
3m at 14.6g/t gold from 60m;

22MORC077
12m at 2.0g/t gold from 47m; and

22MORC078
9m at 2.3g/t gold from 23m.

The company explained these new intersections were encountered outside current Mineral Resource Estimate boundaries, adding it considers they have potential to further grow the resource base at Cue that currently sits at 927,000 ounces of gold.

Musgrave has carried out early stage aircore drilling to the north of Amarillo along the Western Trend that has identified new near surface regolith gold occurrences.

The company has RC drill testing of these new targets is planned for July 2022.

“These results further confirm that our exploration methodology at Cue is continuing to deliver,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Further drilling is planned at the Amarillo discovery to support a maiden Mineral Resource Estimate expected to be completed in early 2023.

“The regional program of aircore drilling north of Amarillo has also identified new regolith gold occurrences that require further follow-up RC drilling.

“This target area is an extension of the dolerite unit that hosts the high-grade West Island gold mineralisation on the Evolution JV to the north.”

 

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Email: info@musgraveminerals.com.au

Web: www.musgraveminerals.com.au