THE CONFERENCE CALLER: Musgrave Minerals (ASX: MGV) is currently busy carrying out reverse circulation (RC) drilling on the Lena deposit at the company’s Cue project in Western Australia’s Murchison district.
The Lena deposit has an existing JORC 2012 resource of 2,682,000 tonnes at 1.77 grams per tonne gold for 153,000 ounces estimated at Lena Main to a maximum vertical depth of 160 metres.
The Lena deposit consists of several gold lodes, with Musgrave considering some to hold high-grade potential at depth.
Interpretation of historical drill data has identified a high-grade southerly plunging shoot on the main lode that remains open at depth below the current JORC resource.
The current drilling program will use a combination of RC (pre-collars) and diamond drilling to better define and infill this high-grade gold shoot below the existing resource.
The aim of the program is to improve the geological confidence in the continuity of the mineralisation by reducing the drill spacing to enable an upgrade of the Lena resource estimate.
Musgrave Minerals managing director Rob Waugh sat down with The Resources Roadhouse at the 2019 Diggers & Dealer Mining Forum in Kalgoorlie to provide an update on how the drilling was progressing.