Musgrave Minerals Reports Strong Drill Results from Amarillo

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported gold assay results from reverse circulation (RC) drilling at the Amarillo prospect on the company’s 100 per cent-owned ground at its Cue gold project in Western Australia.

The Amarillo prospect is south-west of the White Heat discovery and all the new high-grade intersections come from outside the current Mineral Resource estimate boundaries, which Musgrave said will enable future resource growth as further drilling continues to define and constrain the mineralisation.

Results include:

22MORC060
7 metres at 23.7 grams per tonne gold from 102m, including 1m at 118g/t gold from 107m; and

22MORC063
1m at 17.7g/t gold from 80m.

Two parallel lodes have now been identified at Amarillo with a combined strike of approximately 400m.

Resource definition drilling at Amarillo is currently being planned with a maiden resource estimate likely in late 2022.

“This is another series of good results and further confirmation that our exploration methodology at Cue is very effective,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Further infill drilling is planned at the new Amarillo discovery to support a maiden Mineral Resource Estimate that will likely be completed in late 2022.

“The Resource Estimates for White Heat-Mosaic and Big Sky are progressing with the further receipt of drill results awaited, and will be announced on completion late next quarter.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au