THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) received assay results for the first twelve reverse circulation (RC) drill holes from drilling underway at the company’s 100 per cent-owned ground at the Cue gold project in the Murchison district of Western Australia.
Musgrave Minerals reported results from drilling undertaken at the new Starlight gold discovery where mineralisation is currently interpreted to be close to the existing Break of Day resource.
All the intersections returned from Starlight to date sit outside the current resource at Break of Day.
A combination of six metre composites and one metre individual samples have been analysed from the RC holes drilled in the current program at Starlight.
All six-metre composite samples above 0.1 gram per tonne gold will be re-submitted for individual one-metre sample analysis.
Intercepts of note include:
12m at 112.9 grams per tonne gold Au from 36m (6m composite samples), including 6m at 143g/t gold from 42m;
48m at 4.4g/t gold from 30m (combination of 6m composite and 1m samples), including 4m at 41.8g/t gold from 30m (1m samples), including 1m at 104.4g/t gold from 31m, and 2m at 13.5g/t gold from 76m (1m samples);
7m at 13.7g/t gold from 114m (1m samples), including 4m at 22.9g/t gold from 116m;
6m at 5.7g/t gold from 81m (1m samples); and
6m at 5.2g/t gold from 176m (1m samples).
“This is a great start to the program and confirms the current model extending the mineralisation both up dip where it approaches the surface and down dip where it remains open,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.
“The bonanza high-grade, near surface mineralisation will enhance the open cut development potential of the deposit while the deeper mineralisation will enhance the underground potential.”
Musgrave Minerals was a winner from the recent Western Australian Government’s 2020-21 Exploration Incentive Scheme (EIS) raffle, and is to receive $150,000 towards diamond drilling deep extensions to the mineralisation.