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Musgrave Minerals Extends Starlight Discovery Mineralisation

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported more positive results from a further 10 reverse circulation (RC) drill holes and four diamond drill holes carried out as part of the current program at the company’s Cue gold project in Western Australia.

Musgrave is continuing to drill at the new Starlight gold discovery at Break of Day in order to confirm the high-grade nature of the Starlight discovery.

Starlight remains open down plunge where drilling is continuing.

All intercepts reported in the current drilling program are outside the existing Break of Day resource estimate.

RC drilling at Starlight returned strong gold intercepts, including:

20MORC085
12 metres at 19.5 grams per tonne gold from 3m;

20MORC071
8m at 17g/t gold from 74m in the main Starlight lode, including 2m at 56.4g/t gold from 74m, and;
4m at 16.1g/t gold from 149m in a footwall position.

20MORC069
12m at 9.4g/t gold from 129m, including 5m at 20.6g/t gold from 129m.

Diamond drilling at Starlight also returned encouraging intercepts, including:

20MODD010
5.6m at 12.7g/t gold from 257.6m; and

20MODD009
4.7m at 7g/t gold from 132.2m.

“These are further excellent drill results from Starlight which is showing great continuity in the top 200 metres,”

“We are currently focusing on the depth extents at both Starlight and the new White Light discovery.

“The regional program has also kicked off with the focus on making additional high-grade gold discoveries in the belt.”

Musgrave has taken delivery of an additional drill rig to test for new lodes within the Break of Day/Lena mineralised corridor on 100 per cent owned Musgrave ground.

This program will test 18 new targets derived from geophysical, geochemical and geological data and focus on the potential for high-grade gold mineralisation on structures cross-cutting stratigraphy similar to that seen at Starlight.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Musgrave Minerals Hits Thick Gold Intercepts at Lake Austin North

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) released further assay results from reverse circulation (RC) basement holes drilled at A and C Zones at the Lake Austin North prospect.

The Lake Austin North prospect sits three kilometres north of the Break of Day gold deposit on the company’s Cue project in Western Australia’s Murchison district.

Musgrave Minerals has interpreted the latest thick zones of gold mineralisation from RC drilling at A Zone at Lake Austin North to be indicating the discovery of a large mineralised gold system.

Results include:

18MORC049
157 metres at 0.55 grams per tonne gold from 90m down hole, including 24m at 1.6g/t gold from 132m and 31m at 1g/t gold from 216m; and

18MORC048
144m at 0.5g/t gold from 84m down hole, including 18m at 1.3g/t gold from 162m.

One metre re-samples of six-metre composites from 18MORC039 confirmed high-grade mineralisation at A Zone, including:

36m at 3.6g/t gold from 111m down hole, including 20m at 6.1g/t gold from 116m, including 5m at 15.3g/t gold from 125m.

Drilling at C Zone also intersected gold mineralisation including:

18MORC050
66m at 0.85g/t gold from 72m down hole, including 6m at 5.1g/t gold from 96m.

Musgrave Minerals said its interpretation of recent RC results suggests high-grade gold mineralisation within A Zone is steeply dipping to the east and many of the initial holes have not tested the interpreted basement target zone.

RC drilling is currently testing this new interpretation and a diamond drill rig is expected to commence late October.

“The thick, extensive gold intercepts continue to support Musgrave’s view that Lake Austin North is a large, well-mineralised gold system and a new gold discovery for the company,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“The Lake Austin North A and C Zone both have high-grade cores and drilling is continuing to piece together the geology to trace the strike and dip of the higher-grade gold lodes.

“The mineralisation is open north, south and down dip.

“A diamond drill rig will be on site in the next few weeks to provide drill core through the mineralisation and deeper drilling capacity which will enhance the geological interpretation.”

 

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au