THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) has intersected gold mineralisation while reverse circulation (RC) drilling at the Leviticus and Break of Day South prospects.
Musgrave Minerals explained the two prospects are located approximately two kilometres and 1.4km respectively to the south of Break of Day on the Moyagee project at the Cue Joint Venture (with Silver Lake Resources (ASX: SLR)) in the Murchison region of Western Australia.
At Leviticus drill hole 16MORC057 intersected:
4 metres at 4 grams per tonne gold from 103m down hole, including 1m at 10.2g/t gold from 103m down hole at Leviticus.
Musgrave said the mineralised lode at Leviticus has been interpreted to be steeply dipping to the west similar to the Break of Day lodes and that this reinterpretation has opened up the potential for the gold mineralisation to continue down dip and along strike.
Drill hole 16MORC058 intersected:
4m at 3.5g/t gold from 72m down hole at Break of Day South.
Musgrave has interpreted the mineralised lode at Break of Day South to be steeply dipping to the west, and open along strike and down dip.
The Break of Day South prospect is located approximately 1.4km south of Break of Day on the Break of Day shear.
“These assay results continue to enhance the geological understanding and prospectivity of the Break of Day Shear that extends for approximately 20 kilometres within the Moyagee project,” Musgrave Minerals said in its ASX announcement.
“This increases the potential for further gold mineralisation to be discovered within Musgrave’s tenure as the geological model continues to develop.
“Both the Leviticus and Break of Day South prospects are very sparsely drilled and have the potential to host similar high-grade sub-vertical gold lodes to those discovered at Break of Day.
“The Break of Day South prospect is located approximately 1.4 kilometres south of Break of Day on the Break of Day shear.”
Musgrave indicated the current diamond drilling program at the Break of Day prospect is progressing well with four of the proposed eight holes completed to date.
The drill core from the first two holes has sent to a laboratory in Perth and is currently being cut in preparation for specific gravity (density) determination and assaying.
Musgrave’s objective is to increase the high-grade gold resources to underpin studies that will demonstrate a viable path to development.