Musgrave Minerals Highlights Grade Potential at Big Sky

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) awoke to a beautiful Busselton morning to lodge an announcement to the ASX before heading to the South West Connect Conference.

Musgrave Minerals reported further strong assay results from reverse circulation (RC) drilling currently underway at the Big Sky prospect along the new gold corridor south-west of Lena and Break of Day on the company’s 100 per cent-owned ground at its Cue gold project in Western Australia’s Murchison district.

Infill RC drilling at Big Sky encountered a bonanza gold grade of:

28 metres at 35.9 grams per tonne gold from 49m, including 1m at 898g/t gold from 49m with coarse gold visible in quartz in RC drill chips.

The drilling has identified an additional new high-grade gold position in the Big Sky footwall that remains open and untested along strike.

Footwall intercepts include:

7 metres at 8.6g/t gold from 43m, including 1m at 55.2g/t gold from 44m;

3m at 13.2g/t gold from 3m and 2m at 6g/t gold from 94m to EOH;

6m at 3.6g/t gold from 24m; and

2m at 12g/t gold from 110m.

“This is a very good result and highlights the high grade potential at Big Sky over the broader 2.6 kilometres of strike,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“It is unusual on the Yilgarn to see such coarse gold in RC drill chips and the results validate our belief that there are high grade zones within the Big Sky trend.

“The identification of a new dolerite hosted zone in the footwall of Big Sky is also a positive.

“This could be the southern extension of the same dolerite unit identified to the north on the Evolution JV.

“Gold can be hosted in many different rock types on the Yilgarn but dolerites are one of the most prolific host lithologies for large deposits.

“We are drilling full steam ahead to deliver a maiden resource for Big Sky in Q2 2022.

“It’s an exciting area and we look forward to updating the market with further results as assays are received.”