Musgrave Minerals Reports Further Big Sky Gold Hits

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further strong assay results from reverse circulation (RC) drilling at the Big Sky prospect along a newly identified gold corridor south-west of Lena and Break of Day on the company’s 100 per cent-owned ground at the Cue gold project in Western Australia’s Murchison district.

Musgrave Minerals received assays for a further 35 RC drillholes it said continue to define thick regolith gold mineralisation within the 2.6km-long aircore gold anomaly at Big Sky.

Gold mineralisation remains open to the south and down dip at Big Sky where RC drilling is continuing.

New intersections include:

18 metres at 2 grams per tonne gold from 18m;

18m at 1.2g/t gold from 18m;

24m at 1.7g/t gold from 24m; and

30m at 1g/t gold from 30m.

Musgrave also received one-metre resample assays from previously reported six-metre composites from 24 resource definition RC drill holes at the Big Sky prospect, which confirmed the results from the six-metre composite sampling.

Re-assaying of one-metre samples from original composites returned:

73m at 1.4g/t gold from 41m, including 5m at 10.1g/t gold from 72m;

36m at 1.3g/t gold from 30m, including 11m at 3g/t gold from 55m; and

9m at 1.8g/t gold from 75m.

“Big Sky is proving to be a significant large scale gold system and the RC drilling continues to return strong results of near surface gold mineralisation within the 2.6 kilometres long corridor,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“The continuity of the broad near-surface gold mineralisation intersected to date is very encouraging and demonstrates we are onto a large gold system at Big Sky with the potential to deliver a significant near surface resource.

“Unfortunately, assay turnaround has been slow but is starting to improve.

“We are still awaiting assays for more than 57 RC drill holes from Big Sky and we look forward to updating the market with further results as assays are received.”