THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) is set to present on Day Three at Diggers & Dealers, but couldn’t wait that long to announce further high-grade gold assay results from reverse circulation (RC) and diamond drilling on the company’s 100 per cent-owned ground at its Cue Gold project in Western Australia’s Murchison district.
The latest results come from along the Break of Day Trend at the White Heat-Mosaic deposit with results being a combination of infill and extensional drilling that highlight the very high-grade nature of the near-surface mineralisation along the Break of Day Trend.
New extensional RC drilling intersected:
7 metres at 149.7 grams per tonne gold from 143m, including 1m at 1,040g/t gold from 143m;
3m at 25.8g/t gold from 184m; and
5m at 6.9g/t gold from 135m.
Infill RC drilling intersections include:
4m at 116.5g/t gold from 50m, including 2m at 230.5g/t gold from 51m;
4m at 24.9g/t gold from 44m;
6m at 17.3g/t gold from 92m; and
4m at 9.6g/t gold from 14m.
Infill diamond drilling intersected:
0.5m at 365g/t gold from 115.1m.
“These are another set of very strong results from White Heat-Mosaic, part of the high-grade Break of Day Trend,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.
“It would be hard to find better results from a recent Australian exploration program and the Cue gold project is fast becoming one of the richest undeveloped high-grade gold deposits in Australia.
“Drilling continues to turn up new lodes which we will continue to define with further drilling.
“We are continuing to grow our understanding of the system and the controls on mineralisation.
“Exploration is continuing while we also progress development studies on our existing resources at Cue.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE