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Musgrave Minerals Drills Big Sky Upside

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

This time, the results were from the Big Sky prospect from along a recently identified gold corridor south-west of the Lena and Break of Day deposits.

New intercepts include:

22MORC039
6 metres at 19.2 grams per tonne gold from 87m;

21MORC274
3m at 20.3g/t gold from 26m;

22MORC038
2m at 34.9g/t gold from 62m; and

22MORC008
8m at 6g/t gold from 65m.

Musgrave said all recent drilling results for Big Sky had been received and will form the basis for a maiden Mineral Resource Estimate that will focus on the near surface mineralisation at Big Sky.

The scheduled mineral resource update will also include a maiden resource for the high-grade White Heat-Mosaic deposit and is expected to be completed in May/June 2022.

“The latest assay results from resource drilling at Big Sky confirm the potential of the system to host higher grade zones and improves the confidence in the geological continuity of the system,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“The scheduled May-June resource update will focus only on the top 100 vertical metres (dominantly weathered open cuttable mineralisation) and be an interim Mineral Resource update (adding Big Sky and White Heat-Mosaic) as we continue to grow our resource base.

“The high-grade gold mineralisation at Big Sky remains open down dip in fresh rock, which will be the focus of subsequent drill programs planned to commence in late May 2022.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

Web: www.musgraveminerals.com.au

 

Musgrave Minerals Acquisition Flexes Murchison Muscle

THE BOURSE WHISPERER: Musgrave Minerals (ASX: MGV) via its subsidiary Musgrave Exploration Pty Ltd has entered a Sale and Purchase Agreement with Eastern Goldfields Exploration to acquire a 100 per cent interest in tenements that comprise the Mt Magnet South project.

The Mt Magnet South project is located within trucking distance of Musgrave’s Cue gold project in Western Australia’s Murchison goldfields and just five kilometres south of the township of Mt Magnet.

The Mt Magnet South project is made up of a group of 19 semi-contiguous prospecting and exploration licences covering an area of approximately 294 square kilometres, which almost doubles Musgrave’s landholding in the Murchison.

The project is an early stage, under-explored greenfield opportunity, in a good location with nearby infrastructure.

Musgrave believes the project provides an additional opportunity for it to apply the exploration learnings it has gleaned from its discovery success 40km to the north at the Cue project to make further discoveries in the Murchison.

The company said future discoveries have the potential to add to its growing resource base in the region, enhancing the value of the Cue project.

“This opportunity grows Musgrave’s landholding by adding further prospective ground in the region,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“The new project area is directly along strike from Ramelius’ Mt Magnet operations and provides the opportunity for Musgrave to continue to utilise its exploration expertise to make further discoveries in the region.

“The acquisition maintains our alignment with the strategy to grow the resource base at Cue in the near-term while generating a pipeline of longer-term projects and opportunities.”

Musgrave is now compiling historical data that is being digitised, plotted and reviewed in detail to enhance targeting.

A regional gravity survey will be undertaken and integrated with existing aeromagnetic data, and geological and geochemical datasets to enhance drill planning to test high-priority basement gold targets.

Musgrave’s stated objective at Mt Magnet South is to define, through discovery, a pipeline of additional high-grade gold resources that that can be economically trucked the 40km north to a potential future operations hub at Musgrave’s mainstay Cue gold project.

Musgrave outlined its strategy as being to identify and secure additional early-stage exploration ground in the region to build on the company’s success at Cue and maintain a long-term pipeline of opportunities.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Musgrave Minerals Reports Strong Drill Results from Amarillo

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported gold assay results from reverse circulation (RC) drilling at the Amarillo prospect on the company’s 100 per cent-owned ground at its Cue gold project in Western Australia.

The Amarillo prospect is south-west of the White Heat discovery and all the new high-grade intersections come from outside the current Mineral Resource estimate boundaries, which Musgrave said will enable future resource growth as further drilling continues to define and constrain the mineralisation.

Results include:

22MORC060
7 metres at 23.7 grams per tonne gold from 102m, including 1m at 118g/t gold from 107m; and

22MORC063
1m at 17.7g/t gold from 80m.

Two parallel lodes have now been identified at Amarillo with a combined strike of approximately 400m.

Resource definition drilling at Amarillo is currently being planned with a maiden resource estimate likely in late 2022.

“This is another series of good results and further confirmation that our exploration methodology at Cue is very effective,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Further infill drilling is planned at the new Amarillo discovery to support a maiden Mineral Resource Estimate that will likely be completed in late 2022.

“The Resource Estimates for White Heat-Mosaic and Big Sky are progressing with the further receipt of drill results awaited, and will be announced on completion late next quarter.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Musgrave Minerals Encounters More Thick Intervals of Near-Surface Gold

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported the latest assay results from reverse circulation (RC) drilling at the Big Sky and Target 14 prospects at the company’s Cue gold project in Western Australia’s Murchison district.

Musgrave Minerals has been drilling along a new gold corridor south-west of the Lena and Break of Day deposits on its 100 per cent-owned ground.

Recent assays from the RC drilling has defined further thick regolith gold mineralisation within the 2.6 kilometres-long aircore gold anomaly at Big Sky.

Gold mineralisation remains open down dip at Big Sky and infill resource definition RC drilling has commenced.

The drilling has also demonstrated Target 14 remains open and further drilling to follow-up the recent intercept will commence in October.

New intersections include:

Target 14

21MORC185
36 metres at 2.9 grams per tonne gold from 12m, including 24m at 4.1g/t gold from 24m.

Big Sky

21MORC196
60m at 1g/t gold from 42m, drilled 50m south of 21MORC101 drilled earlier this year, returning 73m at 1.4g/t gold.

21MORC157
6m at 6.9g/t gold from 12m;

21MORC160
18m at 1.1g/t gold from 36m; and

21MORC189
12m at 1.7g/t gold from 84m.

The company explained its ongoing focus is on the higher grade and thicker intervals of gold mineralisation intersected to date and that the extensive nature and continuity of the gold mineralisation it has encountered supports its view that the Big Sky prospect has the potential to add to the company’s existing resource base at Cue.

“Big Sky and Target 14 are new and exciting discovery opportunities for the company,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Thick, near-surface, oxide gold mineralisation has been identified over broad intervals at Big Sky, which has the potential to add significant feed tonnes to a future operation focused at Break of Day and Lena.
“The potential addition of soft oxide mineralisation from Big Sky, together with the higher-grade Break of Day and Lena deposits only two kilometres to the north could significantly improve sustainability of production scheduling and help provide feed continuity over a longer potential operating term.

“Big Sky continues to deliver strong results for Musgrave.

“We are focusing on near-surface resource growth and exploring for both smaller high-grade deposits like White Heat in combination with larger near-surface but lower grade mineralisation like Big Sky.

“Both can potentially be mined by open pit methods and blended to maintain a steady rate of production.

“A 7,000 metres RC follow-up resource drilling program at Big Sky has commenced.

“The drilling will focus on three zones of between 600 metres and 200 metres of continuous mineralised strike, with the aim of defining a near-surface gold resource to grow the total resource inventory at Cue.

“Drilling is ongoing, 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

 

Musgrave Minerals Turns Up White Heat Gold Hits

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:

21MODD018
8.4m at 6.8 grams per tonne gold from 27.3m, including 1.2m at 37.2g/t gold from 27.3m

21MODD019
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

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Musgrave Minerals Reports Further Big Sky Gold Hits

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further strong assay results from reverse circulation (RC) drilling at the Big Sky prospect along a newly identified gold corridor south-west of Lena and Break of Day on the company’s 100 per cent-owned ground at the Cue gold project in Western Australia’s Murchison district.

Musgrave Minerals received assays for a further 35 RC drillholes it said continue to define thick regolith gold mineralisation within the 2.6km-long aircore gold anomaly at Big Sky.

Gold mineralisation remains open to the south and down dip at Big Sky where RC drilling is continuing.

New intersections include:

21MORC124
18 metres at 2 grams per tonne gold from 18m;

21MORC130
18m at 1.2g/t gold from 18m;

21MORC132
24m at 1.7g/t gold from 24m; and

21MORC141
30m at 1g/t gold from 30m.

Musgrave also received one-metre resample assays from previously reported six-metre composites from 24 resource definition RC drill holes at the Big Sky prospect, which confirmed the results from the six-metre composite sampling.

Re-assaying of one-metre samples from original composites returned:

21MORC101
73m at 1.4g/t gold from 41m, including 5m at 10.1g/t gold from 72m;

21MORC082
36m at 1.3g/t gold from 30m, including 11m at 3g/t gold from 55m; and

21MORC095
9m at 1.8g/t gold from 75m.

“Big Sky is proving to be a significant large scale gold system and the RC drilling continues to return strong results of near surface gold mineralisation within the 2.6 kilometres long corridor,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“The continuity of the broad near-surface gold mineralisation intersected to date is very encouraging and demonstrates we are onto a large gold system at Big Sky with the potential to deliver a significant near surface resource.

“Unfortunately, assay turnaround has been slow but is starting to improve.

“We are still awaiting assays for more than 57 RC drill holes from Big Sky 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

 

 

Musgrave Minerals Encounters Thick Gold Intersections at Big Sky

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported new assay results from reverse circulation (RC) drilling at the Big Sky prospect, situated along a new gold corridor south-west of Lena on the company’s 100 per cent-owned ground at the Cue gold project in Western Australia’s Murchison district.

RC drilling completed south-west of Lena within the new seven kilometres-long gold corridor has continued to intersect gold mineralisation below thin transported cover (1-20m) in areas that had not been drilled by previous explorers.

The Big Sky gold anomaly is defined over 2.6km of continuous strike where it remains open to the north and south.

Intersections include:

21MORC101
84 metres at 1.4 grams per tonne gold from 24m, including 12m at 6.6g/t gold from 66m;

21MORC100
42m at 1.1g/t gold from 30m;

21MORC082
36m at 1.2g/t gold from 30m; and

21MORC094
12m at 1.7g/t gold from 108m to EOH.

“The RC drilling has confirmed the potential for significant gold mineralisation at Big Sky and the possibility of a number of higher-grade zones within the broader anomalous trend,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Drill traverse line spacing remains at more than 100 metres for much of the target area and assays are pending for more than 50 RC drill holes.

“The mineralisation is masked from surface by a thin veneer of transported hardpan cover.

“The near surface nature of the oxide, regolith gold mineralisation is expected to be favourable for open-cut mining.

“Regional drilling will continue with the aim of defining discrete higher-grade zones for resource definition.”

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 (797,000 tonnes at 10.2g/t gold for 262,000 ounces contained gold) and the Lena deposit (4.3 million tonnes at 2.3g/t gold for 325,000 ounces contained gold) located 130m to the west of Break of Day.

 

 

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Musgrave Minerals Adds-up White Heat and Numbers Results

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) provided further high-grade reverse circulation (RC) gold assay results from the White Heat and Numbers prospects on the company’s 100 per cent-owned ground at the Cue gold project in Western Australia.

Musgrave Minerals reported RC drilling at White Heat, situated 300 metres south of the Break of Day deposit, continues to confirm high-grade gold mineralisation near surface and has extended the mineralised high-grade shoot to 120m down plunge where it remains open.

New one-metre samples returned:

21MORC050
2 metres at 38.7 grams per tonne gold from 10m, including 1m at 74.9g/t gold from 10m;

21MORC065
3m at 12.3g/t gold from 107m, including 2m at 17.9g/t gold from 108m; and

21MORC052
2m at 9.4g/t gold from 109m.

Six-metre composite samples, included:

21MORC051
6m at 3.6g/t gold from 18m.

The Numbers prospect, approximately 3.5 kilometres south of Break of Day, already has an Inferred Resource of 278,000 tonnes at 2.46g/t gold for 22,000 ounces of gold.

Musgrave believes Numbers could become a satellite pit to a larger development at Break of Day/Lena.

New intersections from Numbers include:

21MORC071
12m at 9.1g/t gold from 48m, including 6m at 17g/t gold from 54m;

21MORC077
12m at 3.7g/t gold from 18m;

21MORC057
18m at 2.3g/t gold from 60m;

21MORC062
18m at 2g/t gold from 78m;

21MORC070
18m at 1.2g/t gold from 84m;

21MORC068
12m at 2.1g/t gold from 132m; and

21MORC064
12m at 3.6g/t gold from 54m.

“These high-grade, near surface gold results from White Heat and infill drilling at the Numbers prospect, together with the Big Sky discovery to the west, further highlight the discovery potential of the project,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“Diamond drilling will shortly be underway at White Heat to confirm and extend the mineralisation.

“At Big Sky, 900 metres to the west, the company is continuing a 10,000 metres RC drilling program to better define the basement mineralisation and is awaiting assay results for the 40 RC drill holes completed to date.”

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 (797,000 tonnes at 10.2g/t gold for 262,000 ounces contained gold) and the Lena deposit (4.3 million tonnes at 2.3g/t gold for 325,000 ounces contained gold).

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Musgrave Minerals Increases Big Sky Strike Length

Musgrave Minerals (ASX: MGV) reported new assay results from regional aircore drilling at the Big Sky prospect along the new gold corridor south-west of the Lena deposit on the company’s 100 per cent-owned ground at its Cue gold project in Western Australia’s Murchison district.

Musgrave Minerals declared recent aircore drilling has further extended the regolith gold mineralisation to over 2.6 kilometres of continuous strike where it remains open to the north, south and down dip.

New intersections include:

21MUAC145
18 metres at 1.33 grams per tonne gold from 36m;

21MUAC155
42m at 0.46g/t gold from 12m to EOH, including 6m at 2.52g/t gold from 48m to EOH;

21MUAC184
12m at 0.97g/t gold from 48m;

21MUAC205
24m at 1.29g/t gold from 78m to EOH, including 6m at 3.8g/t gold from 84m;

21MUAC217
6m at 0.87g/t gold from 30m; and

21MUAC227
45m at 1.05g/t gold from 42m.

“The aircore drilling has continued to extend the strong continuous regolith gold mineralisation along the new gold corridor south-west of Lena at Big Sky,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“This new system is masked from surface by a thin veneer (1-4m) of transported cover.

“The grade, extent and strong continuity of the Big Sky regolith mineralisation indicates the potential to host a significant mineralised system.

“A large follow-up, 10,000 metres RC drill program has commenced.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Musgrave Minerals Extends Big Sky Gold Anomaly

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further assay results from regional aircore drilling at the Big Sky prospect within the company’s Cue gold project in Western Australia’s Murchison district.

The Big Sky prospect sits along a newly defined gold corridor south-west of the Lena on Musgrave’s 100% owned ground at Cue.

Recent aircore drilling has now linked Targets 5 and 20 to define a continuous regolith gold anomaly with a strike extent over 1.2 kilometres that has been named Big Sky.

The gold mineralisation remains open to the north and south and down dip.

New intersections include:

21MUAC049
30 metres at 5.8 grams per tonne gold from 30m, including 6m at 27.7g/t gold from 30m; and

21MUAC041
12m at 4.1g/t gold from 42m.

“The aircore drilling is continuing to define strong continuous regolith gold mineralisation along the new gold corridor south-west of Lena under thin transported cover,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“The high-grade, strong continuity and near surface nature of the mineralisation is extremely encouraging.

“The regolith gold dispersion is over a broad area with RC follow-up drilling, testing basement targets scheduled to commence next week.

“We currently have three exploration drill rigs on site and a significant drilling program planned for the remainder of 2021.

“RC drilling is also continuing at White Heat.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au