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Musgrave Minerals Encounters More Gold at Cue JV

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) continued its run of positive assay results from current from diamond and aircore drilling programs on the company’s Cue Joint Venture with Evolution Mining (ASX: EVN) in Western Australia’s Murchison district.

Musgrave Minerals reported the diamond drilling has intersected potential ore grade intersections within a dolerite basement host unit at the West Island prospect.

Recent results include:

22CUDD008
2 metres at 66 grams per tonne gold from 438m, including 0.6m at 219g/t gold from 438m,
3.5m at 4.1g/t gold from 215m, and
3.8m at 5g/t gold from 127.9m.

22CUDD007
3.5m at 16.2g/t gold from 366m, including 1m at 50.1g/t gold from 366m.

The West Island zone is part of a broad regional seven kilometres-long anomalous gold corridor within the JV.

At a regional scale, aircore drilling of new areas on Lake Austin is continuing to identify further extensions to the favourable host dolerite stratigraphy with the majority of aircore assays still pending.

“This is another strong set of results and highlights the high-grade tenor of the gold systems at West Island,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“The drilling confirms the presence of multiple basement gold lodes and ongoing drilling is aimed at defining the grade and continuity of individual lodes within the host dolerite sill.

“To complement these results aircore drilling continues to identify new untested areas of gold anomalism below the cover sequence along strike from known mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

Web: www.musgraveminerals.com.au

 

Musgrave Minerals Encounters Thick basement Gold Intersections at West Island, Cue JV

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported assays received from diamond and aircore drilling programs underway on the company’s Cue Joint Venture with Evolution Mining in Western Australia’s Murchison district.

Musgrave Minerals said the diamond drilling continued to intersect potential ore grade intersections over wide thicknesses in basement rocks at the West Island prospect, including:

22CUDD001
2.4 metres at 7.1 grams per tonne gold from 137.9m, and 19m at 4.43g/t gold from 282m, including 10.5m at 6.25g/t gold from 287m

22CUDD002
2.9m at 9.59g/t gold from 308.1m, and 12m at 4.89g/t gold from 322m, including 9m at 6.37g/t gold from 322m; and

21MODD035
6.55m at 4.66g/t gold from 253.45m.

Aircore drilling results have also extended the large regolith gold mineralisation footprint at the West Island prospect, identifying new zones for follow-up basement drill testing, intersections include:

21MOAC148
2m at 119.6g/t gold from 174m, 500m south of current West Island diamond drilling; and

21MOAC206
2m at 18.06g/t gold from 74m, in new target area 2.8km south of West Island.

“The gold system at West Island on the Cue JV with Evolution is a discovery that highlights the upside potential of the Cue project,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Diamond drilling continues to deliver strong basement results with drilling confirming the potential for multiple high-grade basement gold lodes within the dolerite sill.

“To compliment these results aircore drilling continues to extend the West Island system and identify new basement targets under Lake Austin.”

Musgrave explained the intent of the drilling on the JV area is to delineate the scale of the gold system at West Island, test additional gold-in-regolith aircore anomalies and define new diamond drilling targets through aircore drilling.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Musgrave Minerals Enjoys Freedom to Explore Home Ground

COMMODITY CAPERS: Musgrave Minerals has been making the most of the freedom bestowed upon it to focus on the company’s 100 per cent owned tenure at the Cue gold project in Western Australia after Evolution Mining elected to act as earn-in manager over the pair’s Joint Venture from Day one of 2022.

This week, Musgrave Minerals reported further high-grade gold assay results from RC drilling at the Mosaic Lode.

The new intersections were achieved when testing along strike from the original Mosaic discovery intersection announced in December 2021, and include:

22MORC052
4 metres at 79.6 grams per tonne gold from 20m, including 3m at 105.4g/t gold from 20m;

22MORC053
4m at 8.9g/t gold from 61m;

22MORC001
3m at 6.5g/t gold from 50m;

22MORC047
2m at 7.8g/t gold from 92m; and

22MORC051
2m at 5.8g/t gold from 58m.

Elsewhere on the company’s 100 per cent ground two RC pre-collar drill holes at Break of Day intersected gold mineralisation in previously untested locations outside the current Mineral Resource Estimate boundary.

New extensional intersections from composite sampling included:

22MORC066
2m at 10.4g/t gold from 138m to EOH with the RC pre-collar terminating in high-grade mineralisation, in an area poorly drill tested.

The intercept is approximately 80m south of the current Break of Day Mineral Resource boundary and a diamond tail is pending for this hole.

22MORC066
6m at 2.4g/t gold from 66m was encountered in an area not previously drill tested and approximately 100m south of the current Break of Day Mineral Resource boundary.

22MORC071
6m at 4.3g/t gold from 84m was hit within the broader Break of Day Mineral Resource area but approximately 20m away from a currently defined lode.

 

 

“These results from the new Mosaic Lode at White Heat continue to highlight the upside potential of the project,” Waugh said in the company’s recent ASX announcement.

“The near-surface high grades intersected at Cue are some of the best, recent near-surface exploration hits in the Yilgarn.

“We are continuing to grow our understanding of the system and the controls on mineralisation and have confidence in our ability to grow the Mineral Resource base.

“We are on track to deliver a maiden Mineral Resource for Big Sky and White Heat-Mosaic in late Q2 2022.”

This followed up news in February, when Musgrave Minerals reported gold assay results from reverse circulation (RC) and diamond drilling of prospects on its, then new, Mosaic target located just south of the earlier White Heat prospect discovery.

The newly discovered Mosaic Lode returned high-grade gold results, including:

21MORC414
9m at 110.5g/t gold from 42m, including 3m at 307.3g/t gold from 45m; and

21MODD041
2.8m at 122.2g/t gold from 72m, including 0.8m at 381g/t gold from 74m.

The drill rigs were busy at Mosaic, following up on strong assay results achieved from resource infill drilling at the Big Sky prospect that included.

21MORC259
3m at 22.6g/t gold from 68m, including 1m at 62.6g/t gold from 69m;

21MORC260
2m at 9.1g/t gold from 64m; and

21MORC241
8m at 4.3g/t gold from 23m, including 1m at 30.9g/t gold from 23m.

 

“Our Cue gold project continues to deliver with more exceptional near-surface gold results in both RC and diamond drilling,” Musgrave Minerals managing director Rob Waugh said at the time.

“We think there is a lot more gold to be found in this district.

“These results again demonstrate the upside of the project.

“Even modest tonnages at these sort of near surface grades could have a positive impact on the future project economics.

“The company currently has three drill rigs on our 100 per cent tenure and one on the Evolution JV.

“The immediate focus is on building the resource base and delivering a Mineral Resource Estimate update in late Q2 2022.”

The current resource estimate for the Cue gold project totals 6.4 million tonnes at 3.2g/t gold for 659,000 ounces, including the Break of Day deposit (797kt at 10.2g/t gold for 262koz contained gold) and the Lena deposit (4.3Mt at 2.3g/t gold for 325koz contained gold) located 130m to the west of Break of Day.

The new gold discoveries at White Heat-Mosaic and Big Sky are both outside the existing resource areas.

All this didn’t mean Musgrave took its eye of the Cue Joint Venture with Evolution Mining over Lake Austin ball with the JV announcing new assay results in January from aircore and diamond drilling programs.

The aircore results continued to extend the large regolith gold mineralisation at the West Island prospect and the diamond drilling returning high-grade basement gold mineralisation.

Diamond core intercepts from the December 2021 quarter included:

21MODD025
4.26m at 41.5g/t gold from 160.74m, including 0.41m a 400.2g/t gold from 160.74m; and

21MODD033
6m at 2.7g/t gold from 125m;

Evolution had initially committed to a $5 million exploration spend to fund further drilling at Cue in FY22 but has increased the JV budget for the second half of the year.

The intent is to accelerate exploration and to delineate the scale of the gold system at West Island, to test additional gold-in-regolith aircore anomalies and define new diamond drilling targets through aircore drilling.

“The gold system at the Cue JV with Evolution continues to deliver strong results with diamond drilling confirming the potential for multiple high-grade basement gold lodes within the dolerite sill at West Island,” Musgrave Minerals managing director Rob Waugh said.

“Evolution increasing the exploration budget in H2 2022 and electing to act as Earn-in Manager from 1 January 2022 is a positive move and an indication of the upside potential of the Joint Venture ground.”

 

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Musgrave Minerals Hits High Gold Grades at New Mosaic Lode

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported new gold assay results from reverse circulation (RC) and diamond drilling of prospects on the company’s 100 per cent-owned ground at the Cue gold project in Western Australia’s Murchison district.

Musgrave Minerals drilled a new target, Mosaic that is situated south of the recent White Heat addition.

The newly discovered Mosaic Lode returned high-grade gold results, including:

21MORC414
9 metres at 110.5 grams per tonne gold from 42m, including 3m at 307.3g/t gold from 45m; and

21MODD041
2.8m at 122.2g/t gold from 72m, including 0.8m at 381g/t gold from 74m.

The drill rigs have been busy with further strong assay results achieved from resource infill drilling at the Big Sky prospect.

New intercepts include:

21MORC259
3m at 22.6g/t gold from 68m, including 1m at 62.6g/t gold from 69m;

21MORC260
2m at 9.1g/t gold from 64m; and

21MORC241
8m at 4.3g/t gold from 23m, including 1m at 30.9g/t gold from 23m.

“Our Cue gold project continues to deliver with more exceptional near-surface gold results in both RC and diamond drilling,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“We think there is a lot more gold to be found in this district.

“These results again demonstrate the upside of the project.

“Even modest tonnages at these sort of near surface grades could have a positive impact on the future project economics.

“The company currently has three drill rigs on our 100 per cent tenure and one on the Evolution JV.

“The immediate focus is on building the resource base and delivering a Mineral Resource Estimate update in late Q2 2022.”

The current resource estimate for the Cue gold project totals 6.4 million tonnes at 3.2g/t gold for 659,000 ounces, including the Break of Day deposit (797kt at 10.2g/t gold for 262koz contained gold) and the Lena deposit (4.3Mt at 2.3g/t gold for 325koz contained gold) located 130m to the west of Break of Day.

The new gold discoveries at White Heat-Mosaic and Big Sky are both outside the existing resource areas.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Musgrave Minerals Firms UP Cue JV with Evolution

THE DRILL SERGEANT: Musgrave Minerals announced news from the company’s Cue Joint Venture with Evolution Mining over Lake Austin in Western Australia’s Murchison district.

Musgrave reported new assay results from aircore and diamond drilling programs underway on the Cue JV with the aircore results continuing to extend the large regolith gold mineralisation at the West Island prospect and the diamond drilling returning high-grade basement gold mineralisation.

Diamond core intercepts from the December 2021 quarter included:

21MODD025
4.26 metres at 41.5 grams per tonne gold from 160.74m, including 0.41m a 400.2g/t gold from 160.74m; and

21MODD033
6m at 2.7g/t gold from 125m;

The company also announced that Evolution has elected to act as the Earn-in Manager from 1st January 2022, thus freeing up Musgrave personnel to accelerate activities on the company’s 100 per cent-owned tenure.

Evolution had initially committed to a $5 million exploration spend to fund further drilling at Cue in FY22 and have now increased the JV budget for the second half of the year.

The intent is to accelerate exploration and to delineate the scale of the gold system at West Island, to test additional gold-in-regolith aircore anomalies and define new diamond drilling targets through aircore drilling.

“The gold system at the Cue JV with Evolution continues to deliver strong results with diamond drilling confirming the potential for multiple high-grade basement gold lodes within the dolerite sill at West Island,” Musgrave Minerals managing director Rob Waugh said.

“Evolution increasing the exploration budget in H2 2022 and electing to act as Earn-in Manager from 1 January 2022 is a positive move and an indication of the upside potential of the Joint Venture ground.”

 

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Musgrave Minerals Highlights Grade Potential at Big Sky

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) awoke to a beautiful Busselton morning to lodge an announcement to the ASX before heading to the South West Connect Conference.

Musgrave Minerals reported further strong assay results from reverse circulation (RC) drilling currently underway at the Big Sky prospect along the new gold corridor south-west of Lena and Break of Day on the company’s 100 per cent-owned ground at its Cue gold project in Western Australia’s Murchison district.

Infill RC drilling at Big Sky encountered a bonanza gold grade of:

21MORC277
28 metres at 35.9 grams per tonne gold from 49m, including 1m at 898g/t gold from 49m with coarse gold visible in quartz in RC drill chips.

The drilling has identified an additional new high-grade gold position in the Big Sky footwall that remains open and untested along strike.

Footwall intercepts include:

21MORC212
7 metres at 8.6g/t gold from 43m, including 1m at 55.2g/t gold from 44m;

21MORC213
3m at 13.2g/t gold from 3m and 2m at 6g/t gold from 94m to EOH;

21MORC216
6m at 3.6g/t gold from 24m; and

21MORC279
2m at 12g/t gold from 110m.

“This is a very good result and highlights the high grade potential at Big Sky over the broader 2.6 kilometres of strike,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“It is unusual on the Yilgarn to see such coarse gold in RC drill chips and the results validate our belief that there are high grade zones within the Big Sky trend.

“The identification of a new dolerite hosted zone in the footwall of Big Sky is also a positive.

“This could be the southern extension of the same dolerite unit identified to the north on the Evolution JV.

“Gold can be hosted in many different rock types on the Yilgarn but dolerites are one of the most prolific host lithologies for large deposits.

“We are drilling full steam ahead to deliver a maiden resource for Big Sky in Q2 2022.

“It’s an exciting area and we look forward to updating the market with further results as assays are received.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

 

Rob Waugh Musgrave Minerals (ASX: MGV) October 2021

Musgrave Minerals (ASX: MGV) managing director Rob Waugh zoomed into The Resources Roadhouse to provide Wally Graham with some insights into the company’s Cue gold project in Western Australia before heading to the South West Connect Conference in Busselton.

Musgrave Minerals and Evolution Mining Encounter High-Grade Gold at Cue JV

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported assay results from recently completed diamond drilling undertaken on the company’s Cue Joint Venture with Evolution Mining (ASX: EVN) over Lake Austin in Western Australia’s Murchison district.

Musgrave Minerals declared the results to have identified strong basement gold mineralisation at the West Island prospect with gold intersections encountered over a 400 metres strike length below a strong regolith gold anomaly under Lake Austin.

The mineralisation is hosted within a differentiated dolerite unit, similar to that hosting the high-grade Great Fingall and Golden Crown deposits 25 kilometres to the north of West Island at Cue.

The first four diamond drill holes at West Island testing part of a 7km long aircore anomaly, all intersected gold mineralisation, including:

21MODD006
11.5 metres at 3.2 grams per tonne gold from 245m, including 3m at 10.6g/t gold from 247.5m;

21MODD001
11m at 3.6g/t gold from 272m, including 5m at 5.5g/t gold from 276m;

21MODD002
5m at 2.7g/t gold from 169m; and

21MODD007
0.4m at 23.5g/t gold from 144.7m.

“This is a great early result from diamond drilling and a strong endorsement of the joint venture program on Lake Austin,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“We are looking forward to the re-commencement of diamond drilling in July to further test the extent and grade of the gold system at West Island.

“Evolution’s ongoing commitment is a strong affirmation of the upside potential of the project.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musraveminerals.com.au

 

Musgrave Minerals Defines Basement Gold Targets on Evolution JV

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported on a recent regional scout aircore drilling program on the company’s Cue Joint Venture over Lake Austin with Evolution Mining (ASX: EVN) in Western Australia’s Murchison district.

The drilling has infilled the Lake Austin North target and extended and defined the West Island gold target, confirming potential for a large, mineralised gold system with multiple high-priority basement gold targets for follow-up.

The West Island regolith gold anomaly extends over a strike of more than 1.5km.

New results from West Island include:

20MOAC420
50 metres at 1.17 grams per tonne gold from 70m to EOH, including 4m at 7.57g/t gold from 114m;

20MOAC414
16m at 0.5g/t gold from 87m to EOH;

20MOAC362
44m at 0.31g/t gold from 108m to EOH; and

20MOAC415
16m at 0.31g/t gold from 84m.

The Lake Austin North regolith gold anomaly extends over a strike of more than 5km.

New results from Lake Austin North include:

20MOAC327
80m at 0.24g/t gold from 84m, including 19m at 0.57g/t gold from 145m.

“The joint venture aircore drilling continues to define strong consistent gold anomalies under Lake Austin indicative of a large mineralised system in the basement,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“We are looking forward to the commencement of diamond drilling in February to test the basement beneath a number of these large regolith gold targets.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Musgrave Minerals Hits High-Grade Gold on Evolution JV Ground

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) released results from regional scout aircore drilling undertaken on the Lake Austin Joint Venture with Evolution Mining (ASX: EVN) at Musgrave’s Cue gold project in Western Australia’s Murchison district.

Musgrave Minerals declared the latest drilling to demonstrate the strength of the company’s exploration model for a large gold system beneath Lake Austin.

The aircore drilling has generated multiple high-priority basement gold targets for follow-up drill testing.

New gold intersections include:

20MOAC258
5 metres at 12.1 grams per tonne gold from 90m, including 1m at 53.7g/t gold from 90m;

20MOAC273
13m at 1.9g/t gold from 96m, including 1m at 17.2g/t gold from 106m; and

20MOAC282
69m at 0.8g/t gold from 126m to EOH, including 23m at 1.3g/t gold from 159m.

“This large regional scout drilling program as part of the Evolution JV, has generated some excellent regolith gold results and has significantly extended the gold anomaly around the Lake Austin North target highlighting the potential of the area to host significant basement gold mineralisation,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Musgrave’s regional drilling program on its 100 per cent-owned tenements is near completion and has also defined multiple targets for priority basement follow-up drilling in the new year.”

The Evolution JV excludes all the known resources at Cue (including Lena and Break of Day) and the Mainland option area.

Evolution can earn a 75 per cent interest in the JV area by sole funding $18 million on exploration over a five-year term with a minimum commitment of $4 million in the first two years.

Musgrave is manager of the JV during the initial period.

The joint venture commenced in October 2019.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au