Musgrave Minerals Hits Gold at Target 17

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) has delivered further gold intercepts from the company’s 100 per cent-owned ground at the Cue gold project in Western Australia’s Murchison district.

Musgrave Minerals reported assay results for 97 aircore drill holes from the current regional exploration program underway at Cue.

The current drill program is testing new Starlight analogue targets along trends from the high-grade Starlight gold discovery at Break of Day, with multiple targets returning strong results.

The drilling delivered a strong high-grade gold result at Target 17, 300m east of Break of Day returning:

6 metres at 11.5g/t gold from 18m within a broader interval of 24m at 3.4g/t gold from 18m.

One metre individual samples from the White Heat prospect (Target 2) returned:

1 metre at 12 grams per tonne gold from 28m, encountered 40m west of the initial gold intersections

2m at 30.3g/t gold from 41m, also 40m west of the initial gold intersections, including 1m at 59.5g/t gold from 41m; and

5m at 8.3g/t gold from 23m, 30m east of the initial gold intersections, including 1m at 33.5g/t gold from 24m.

“This is another excellent set of results from our regional drilling program,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Wherever we look, we are finding gold, which continues to highlight the upside gold potential of the belt and supports the new geological interpretation.

“The Target 17 hit is another strong result in close proximity to Break of Day with follow-up drilling underway.

“Further regional drilling assays are expected later this month.”