Musgrave Minerals Recommences Break of Day Drilling

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) is back out drilling on the Break of Day gold deposit and at the new Louise discovery at the company’s Cue project in the Murchison region of Western Australia.

Musgrave Minerals explained its current diamond drilling at Break of Day is focused on extensions to high-grade shoots where previous drilling intersected:

11 metres at 54 grams per tonne gold.

This intersection is outside the current resource boundary and open down plunge.

A diamond drilling program that commenced in early December is progressing and is expected to take another four to six weeks to complete with first assays returned in early February.

An initial nine-drill hole program of reverse circulation (RC) drilling has also commenced at the recent Louise discovery to follow-up a near surface discovery intersection of:

4m at 15.4g/t gold from 79m.

This drilling is anticipated to take approximately seven days to complete with first assays expected in late February.

“The diamond drilling is confirming the continuity of the geology and gold mineralisation is consistent with the RC results,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“The diamond drilling is now focusing on extending the high-grade gold shoots at depth at Break of Day.

“RC follow-up drilling at Louise will aim to extend the newly discovered near surface high-grade gold mineralisation and infilling the 750 metre gap in drilling between Break of Day and Louise.

“This is a high priority area for the company with significant upside potential to extend and grow our high-grade gold resource.”