Musgrave Minerals kicks of diamond drilling at Break of Day

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) announced commencement of diamond drilling at the Break of Day gold prospect on the Cue project in the Murchison region of Western Australia.

The Cue project is a Farm-In and Joint Venture Agreement with Silver Lake Resources (ASX: SLR) where Musgrave can earn up to an 80 per cent interest.

Musgrave Minerals said the diamond drilling program will consist of reverse circulation (RC) pre-collars and eight diamond drill holes.

The objective of the diamond drilling will be to extend high-grade mineralisation at depth, confirm the geological interpretations and to obtain preliminary rock density data required for future resource estimation.

“First assay results are expected from mid-December,” Musgrave Minerals said in its ASX announcement.

“Musgrave’s objective is to increase the high grade gold resource to underpin studies that will demonstrate a viable path to development.”

The company said that in conjunction with the diamond drilling it will be carrying out RC drilling at the Leviticus and Break of Day South gold prospects, utilising the RC drill rig completing the diamond pre-collars at Break of Day.

Drilling will test a new sub-vertical interpretation for the gold lodes at two prospects; Leviticus and Break of Day South, both of which are very sparsely drilled, but are considered by the JV to have potential to host similar high-grade sub-vertical gold lodes to those discovered at Break of Day.

The Leviticus prospect is located approximately two kilometres south of Break of Day on the Break of Day shear.

Previous drill hole intersections at Leviticus include:

09MODD009;
4.8 metres at 26.8 grams per tonne gold from 58m, and;

09MODD009
3.5m at 16.4g/t gold from 65m.

Previous drill hole intersections at Break of Day South include:

11MORC026
3m at 5.6g/t gold from 106m down hole; and

MGRC150
8m at 1.8g/t gold from 45m down hole.

Musgrave said it believes there to be great potential to extend existing mineralisation and also discover new mineralisation within the project area, which has already been demonstrated by the recent success at Break of Day.

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au