Musgrave Minerals Resample Assays Confirm Starlight High-Grades

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported results from resampling of drilling at the company’s Cue gold project in the Murchison district of Western Australia.

Musgrave Minerals declared the one metre resampling has confirmed recent high-grade gold assay results the company achieved from reverse circulation (RC) drilling at its 100 per cent-owned Starlight Link-Lode and the Twilight Lode at the Break of Day deposit.

Intercepts returned from new one metre individual samples at Starlight include:

4 metres at 10.3 grams per tonne gold from 225m;

1m at 6.6g/t gold from 127m;

1m at 9.8g/t gold from 181m;

55m at 2.8g/t gold from 97m, including 1m at 61.4g/t gold from 97m and 8m at 9.2g/t gold from 127m and 5m at 3.8g/t gold from 147m;

2m at 5.4g/t gold from 138m to EOH, including 1m at 7.5g/t gold from 139m to EOH;

Drilling also extended the Twilight lode a further 100m south of the existing Break of Day resource with intercepts including:

3m at 118.4g/t gold from 72m, including 1m at 351.2g/t gold from 73m;

1m at 6.3g/t gold from 182m; and

17m at 3.7g/t gold from 19m, including 9m at 5.1g/t gold from 21m.

These results confirm the multiple high-grade gold lodes at Starlight and in many cases improve the grades from the composite sampling,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“Any upside resource growth at Starlight has the potential to significantly impact the future development economics of the Cue gold project.”

The company noted that all the intersections returned from Starlight sit outside the current resource at Break of Day, as do the holes drilled at Twilight, which intersected the southern extension of the Twilight lode.

Musgrave Minerals has a further program of follow-up RC drilling at Starlight scheduled to commence in early May 2020.

This will be completed together with a diamond drilling program ahead of a resource update in late Q3 2020.