Musgrave Minerals restarts Break of Day drilling

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) has kicked off a new round of reverse circulation (RC) drilling at the Break of Day gold target, part of the company’s Cue project in the Murchison region of Western Australia.

The primary objective of the drilling will be to test the lateral strike continuity of high-grade gold mineralisation the company recently intersected in drill holes 16MORC001 and 16MORC004.

These intersections included:

16MORC004
3 metres at 24.3 grams per tonne gold from 158m down hole;

16MORC001
2m at 25.2g/t gold from 96m down hole; and

16MORC001
2m at 22g/t gold from 137m down hole.

“The gold mineralisation has the potential to extend over a strike length of more than 400 metres and is open down dip and down plunge,” Musgrave Minerals said in its ASX announcement.

“The mineralisation at Break of Day is interpreted to be moderately dipping quartz vein hosted gold mineralisation with minor (1-2%) pyrite, within a basaltic stratigraphic sequence.

“The aim of the current program is to define the strike continuity of gold mineralisation to delineate a high grade gold resource.”

The RC drilling program will consist of approximately 17 drill holes and take approximately three weeks to complete with first assay results expected in late August.

Musgrave outlined its objective is to increase gold and copper resources to underpin studies that will demonstrate a viable path to development.

The drilling will focus on possible extensions to the existing high-grade gold mineralisation at Break of Day, as well as basement testing of the new Purple Rain gold prospect and follow-up of the massive sulphide copper-gold discovery at Mt Eelya.

The Cue project is a Farm-In and Joint Venture Agreement with Silver Lake Resources (ASX: SLR) where Musgrave can earn up to an 80 per cent interest.

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au