THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) could hardly contain its own excitement levels when announcing recent drilling results from the company’s 100 per cent-owned ground at its Cue gold project in Western Australia’s Murchison district.
Musgrave Minerals reported assay results for a further seven reverse circulation (RC) drill holes from drilling currently underway at the new Starlight gold discovery at the Break of Day deposit.
The current drilling is focused on infilling and extending the new high-grade Starlight lode where Musgrave has previously intersected mineralisation over a strike of more than 115 metres that remains open down dip and along strike.
Assays received from new RC drilling at Starlight include:
42 metres at 77.3g/t gold from 30m, including 18m at 179.4g/t gold from 30m, including 6m at 498.2g/t gold from 36m;
61m at 12.7g/t gold from 76m, including 6m at 44.6g/t gold from 76m and 21m at 23.6g/t gold from 106m;
22m at 21g/t gold from 2m, including 9m at 49.2g/t gold from 8m;
9m at 16.5g/t gold from 225m, including 3m at 47.6g/t gold from 225m;
4m at 48.2g/t gold from 85m; and
2m at 37.7g/t gold from 74m.
The intersections in all drill holes sit outside, but in close proximity to the current resource at Break of Day.
“These are amazing gold grades to see in near surface drilling,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.
“Our deepest holes to date are still in high-grade mineralisation at 200 vertical metres where Starlight remains open down dip.
“The bonanza grades near surface will have a significant positive impact on future development at Break of Day.”