Musgrave Minerals Restarts Drilling at Break of Day and Lena

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) is back out in the field with a program of reverse circulation (RC) drilling at the Break of Day and Lena gold prospects on the Cue project, in Joint Venture with Silver Lake Resources (ASX: SLR) in the Murchison region of Western Australia.

Musgrave Minerals said the RC drilling program will consist of approximately 40 drill holes with the objective to extend and infill the high-grade gold mineralisation at both prospects to complete a new Resource estimate in the second quarter of 2017.

First assay results are expected from late March.

Musgrave said it aims to increase the high-grade gold resources to underpin studies that will demonstrate a viable path to development.

The Lena deposit is currently defined along a 1.6 kilometre strike length and hosts a total combined Mineral Resource of 1.273 million tonnes at 1.86 grams per tonne gold for 76,000 ounces of gold.

“The near surface high-grade gold at Lena has the potential to be mined through open cut methods and due to its close proximity, may enhance the economics of any potential future development at Break of Day,” Musgrave Minerals said in its ASX announcement.

“There is significant potential to extend and increase the gold resource at Lena with further drilling.”

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au