Musgrave Minerals Encounters More Starlight Gold
THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further high-grade gold assay results from its 100 per cent-owned Starlight Link-Lode at the Break of Day deposit on the company’s Cue gold project in Western Australia.
Musgrave Minerals completed reverse circulation (RC) drilling at the Starlight Link-Lode that was focused on testing the new high-grade link-lode.
The company reported the drilling had continued to return consistent, high-grade gold results in drilling where the mineralisation has now been extended to a strike of over 100 metres and remains open to the west and down dip.
Assays of note from the latest drilling include:
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42 metres at 6.8 grams per tonne gold from 70m, including 4m at 65.9g/t gold from 70m, including 1m at 173.6g/t gold from 71m;
2m at 3.6g/t gold from 101m; and
2m at 6.2g/t gold from 110m.
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4m at 1.7g/t gold from 136m to end of hole with the hole terminating in mineralisation.
“These are more fantastic assay results at Starlight where the link-lode continues to deliver high gold grades,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.
“Drilling continues to extend the lode which is now defined over a strike of more than 100 metres and remains open to the west and down dip.
“Further drilling is expected to continue to extend the high-grade mineralisation.
“Starlight also remains open near surface and the confirmation of multiple individual lodes within this link position will enhance the upside potential and the economics of this new discovery.”
Musgrave considers the identification of the high-grade Starlight Link-Lode structure to hold some significance, being of the opinion that it has the potential to add shallow, high-grade gold ounces to the resource.
The company believes it is possible that other linking structures may be present within the region which will open a large new search space for exploration and increase the probability of growing the resource base.
Following minor delays in assaying, the company has further drilling planned for May assuming no exploration drilling restrictions in relation to the COVID-19 pandemic are in place at this time.
This will be completed together with a diamond drilling program ahead of a resource update for Break of Day that is scheduled for Q3 2020.
Email: info@musgraveminerals.com.au
Web: www.musgraveminerals.com.au
