Musgrave Minerals Extends Break of Day Golden Run

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further intersections at the Break of Day deposit with results received from recently completed reverse circulation (RC) drilling.

Musgrave Minerals’ wholly-owned Break of Day gold deposit is on the Cue project in the Murchison region of Western Australia.

The company received individual one-metre assay results for all drill holes (17MORC092-93 and 17MORC097-98) that were drilled to test the near surface extension of the Velvet Lode in an area previously not drilled and intersected high-grade gold mineralisation.

These gold intercepts are considered to be potentially open pittable and will add to the current resource.

Near surface drilling to test the open cut mining potential at Break of Day intersected:

17MORC093
13 metres at 8.8 grams per tonne gold from 102m down hole, including 1m at 28.7g/t gold from 102m down hole and 1m at 62g/t gold from 113m down hole; and

17MORC098
4m at 10.5g/t gold from 52m down hole, including 2m at 18.8g/t gold from 53m down hole.

Extensional drilling at Break of Day intersected further high-grade gold south of the current resource including:

17MORC090
1m at 13.6g/t gold from 171m down hole; and

17MORC086
2m at 5.2g/t gold from 234m down hole, including 1m at 9.4g/t gold from 234m down hole.

“The Break of Day deposit continues to grow with the new south plunging high-grade shoot still open,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“This new shoot is projected below the current drilling and creates a significant opportunity for the company to grow the high-grade gold resource at Break of Day.

“The high-grade gold intersected near surface will also enhance the open cut mining potential at Break of Day.

“The Musgrave team will aim to double the Moyagee resource over the next 18 months through additional RC and diamond drilling.

“We are yet to find the edges of the Break of Day deposit which is proving to be part of a significant high-grade mineralised gold system.”

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au