Musgrave Minerals Hits More High-Grade Big Sky Gold
THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further assay results from reverse circulation (RC) drilling completed at the Big Sky deposit south-west of Lena and Break of Day, on the company’s 100 per cent-owned ground at the Cue gold project in Western Australia’s Murchison district.
Musgrave Minerals explained the latest results emanated from a combination of infill and extensional drilling that highlight high-grade and variable grade gold within near-surface mineralisation along the Big Sky deposit.
This drilling is the first phase of a larger program Musgrave has aimed at infilling and upgrading key sections of the Big Sky deposit for future resource updates and conversion from Inferred to Indicated Resource categorisation.
New zones of mineralisation encountered outside the current Mineral Resource boundary included:
22MORC159
4 metres at 20.9 grams per tonne gold from 19m;
22MORC168
3m at 10.1g/t gold from 95m;
22MORC198
7m at 2.8g/t gold from 34m;
22MORC169
1m at 17.7g/t gold from 37m; and
22MORC201
1m at 20.3g/t gold from 52m.
“The latest assay results from infill and extensional resource drilling at Big Sky confirm the potential of the system to host higher grade zones and improves the confidence in the geological continuity of the deposit,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.
“A significant number of these new drill holes host mineralised intervals well above the current resource grade of the deposit.
“This is the first phase of a larger program at Big Sky with further drilling due to commence following completion of the current program at White Heat-Mosaic.
“This drilling will continue to focus on the top 120 metres of the Big Sky deposit with the aim to convert a significant portion of the near-surface mineralisation to the greater confidence Indicated Resource category.”
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