Musgrave Minerals identifies untested gold target

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) claims to have identified a new untested gold target named Purple Rain, located two kilometres south-west of the Break of Day high-grade gold prospect at the company’s Cue project in the Murchison region of Western Australia.

Musgrave said it identified the new target through analysis of historical data.

The review found two anomalous rotary air blast (RAB) drill holes approximately 25m apart to be highly anomalous in gold.

MRB1559 intersected 6 metres ta 3.25 grams per tonne gold from 28m down hole, including a high-grade zone of 2m at 8.02g/t gold from 29m down hole.

MRB1560, 25m to the south-east intersected 5m at 0.44g/t gold from 39m down hole, ending in mineralisation at 44m.

“This is another indication of the excellent gold potential of our Cue project,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“The historical intersection at Purple Rain is very similar in grade to that seen in the weathered zone at Break of Day.

“We look forward to being able to drill test this new target.”

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au