Musgrave Minerals Hit More Thick Gold at Lake Austin North

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) released further good gold assay news from diamond drilling underway at the A-Zone, Lake Austin North within the company’s Cue project in Western Australia’s Murchison district.

Lake Austin North is located three kilometres north of the project’s Break of Day gold deposit.

The latest diamond drilling has intersected thick gold mineralisation at A-Zone, returning intercepts of:

43.9 metres at 2 grams per tonne gold from 85.8m down hole, including 18m at 3.5g/t gold from 92m; and

93m at 1.3g/t gold from 98.7m down hole, including 8.9m at 4.3g/t gold from 102.0m and 7.1m at 4.3g/t gold from 164.9m.

The A-Zone mineralisation has been confirmed over a strike length of 500m and remains open in all directions.

“This is another positive result at Lake Austin North and confirms the new interpretation of the dip of the gold mineralisation at A-Zone,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“The company has identified a large gold system where diamond drilling is continuing to intersect thick zones of alteration and high-grade gold mineralisation.

“The A-Zone remains open along strike and at depth with the broader target area at Lake Austin North showing potential for multiple mineralised zones.”