THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported high-grade gold results from reverse circulation (RC) drilling at the 100 per cent-owned Break of Day deposit on the company’s Cue gold project in Western Australia.
Musgrave Minerals’ recent drilling has been focussed on testing the new high-grade link-lode at Break of Day and has returned very high-grade gold results in the first drill holes.
The first follow-up RC drill hole has confirmed the position of the high-grade link-lode at Break of Day intersecting:
6 metres at 51.7 grams per tonne gold from 228m down hole.
Other drilling carried out through the Twilight Lode in previously untested positions, and outside the existing resource, intersected:
6m at 81.7g/t gold from 72m down hole;
2m at 7.8g/t gold from 61m; and
18m at 3g/t gold from 18m.
“This is a fantastic result and confirms the discovery of the high-grade link-lode at Break of Day,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.
“It also extends the Twilight lode and with further drilling we are confident we can significantly grow the high-grade Break of Day resource.
“This discovery also verifies a new target model for future drilling to test for additional discoveries in the region.
“We have yet to define the limits of this new link-lode and there are opportunities to find others in the Break of Day-Lena area.”
The link-lode remains open in all directions, with assays awaited from a further eight holes from the current drill program.
Musgrave indicated it is planning additional follow-up RC and diamond drilling of the new link-lode at Break of Day that is expected to commence in April.
The company said a Resource update incorporating the new link-lode at Break of Day will be scheduled for early Q3 following further drilling.