THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported continued high-grade gold hits from diamond drilling at the White Heat prospect, 300m south of Break of Day on the company’s 100 per cent-owned ground at the Cue gold project in Western Australia.
Diamond drilling at White Heat (formerly Target 2) has identified further very high-grade gold mineralisation near surface, intersected over a strike extent of 70 to 100 metres.
New intercepts include:
8.4m at 6.8 grams per tonne gold from 27.3m, including 1.2m at 37.2g/t gold from 27.3m
6.8m at 17.8g/t gold from 47m in the hanging wall lode, including 0.7m at 112.9g/t gold from 48.1m; and
3.4m at 107.6g/t gold from 74.6m in the footwall lode, including 1.2m at 303.2g/t gold from 74.6m.
“These are bonanza results and support our previous drilling at the high-grade White Heat deposit,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.
“The White Heat lode is in a similar orientation and geological setting to the high-grade Starlight Lode only 400 metres to the north but is currently not included in a mineral resource estimate.
“These results from White Heat further highlight the potential to discover additional high-grade gold lodes within the project area.
“The combination of near-surface high-grade lodes like White Heat and Starlight, together with the large, moderate grade Big Sky style targets are expected to complement each other and enhance the future development potential of the project.
“Exploration is continuing to deliver strong results and add value for our shareholders.
“Drilling will resume at White Heat in September as we continue to extend the plunge of the mineralisation.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE