Musgrave Minerals Encounters More Gold at Cue JV

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) continued its run of positive assay results from current from diamond and aircore drilling programs on the company’s Cue Joint Venture with Evolution Mining (ASX: EVN) in Western Australia’s Murchison district.

Musgrave Minerals reported the diamond drilling has intersected potential ore grade intersections within a dolerite basement host unit at the West Island prospect.

Recent results include:

22CUDD008
2 metres at 66 grams per tonne gold from 438m, including 0.6m at 219g/t gold from 438m,
3.5m at 4.1g/t gold from 215m, and
3.8m at 5g/t gold from 127.9m.

22CUDD007
3.5m at 16.2g/t gold from 366m, including 1m at 50.1g/t gold from 366m.

The West Island zone is part of a broad regional seven kilometres-long anomalous gold corridor within the JV.

At a regional scale, aircore drilling of new areas on Lake Austin is continuing to identify further extensions to the favourable host dolerite stratigraphy with the majority of aircore assays still pending.

“This is another strong set of results and highlights the high-grade tenor of the gold systems at West Island,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“The drilling confirms the presence of multiple basement gold lodes and ongoing drilling is aimed at defining the grade and continuity of individual lodes within the host dolerite sill.

“To complement these results aircore drilling continues to identify new untested areas of gold anomalism below the cover sequence along strike from known mineralisation.”

 

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Web: www.musgraveminerals.com.au