Musgrave Minerals Extends Break of Day and Lena Mineralisation

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) couldn’t wait to release assay results for the first four drill holes from a reverse circulation (RC) drilling program currently underway at the Break of Day and Lena gold prospects on the company’s Joint Venture Cue project in the Murchison region of Western Australia.

Extensional drilling at Break of Day has intersected shallow high grade gold including:

17MORC001
11m at 6.8 grams per tonne gold from 23m down hole including, 3m at 12.7g/t gold from 23m.

Musgrave Minerals said the infill drilling at Break of Day has intersected the highest grade result to date of:

17MORC002
1m at 244.1g/t gold from 99m down hole within a broader interval of 6m at 45.5g/t gold from 99m.

At Lena, extensional drilling has intersected high-grade gold near surface beneath the existing oxide resource including:

17MORC005
2m at 7.6g/t gold from 64m down hole; and 

7m at 6.9g/t gold from 80m down hole including, 1m at 42.5g/t gold from 80m.

“This is a fantastic start from the first holes of the new drill program at Break of Day and Lena,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“The intersection of new shallow high-grade gold oxide mineralisation at Break of Day and the exceptional high gold grade in hole 17MORC002 are positive for the potential future economics of the project.

“In addition, the extensions of high-grade gold down dip at Lena will enable Musgrave to continue to grow our high-grade resources.”

Musgrave Minerals said the current RC drilling program is continuing and will consist of approximately 40 to 45 drill holes in total with results expected over the next six week period.

The objective of the drilling is to extend and infill the high-grade gold mineralisation at both prospects to complete a new resource estimate in the second quarter of 2017 that will underpin studies to demonstrate a viable near term path to development.

Email: info@musgraveminerals.com.au

Website:  www.musgraveminerals.com.au