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Musgrave Minerals drilling to grow resource base with a view to production

Musgrave Minerals Ltd (ASX:MGV) managing director Rob Waugh explains the gold-focused company’s two-pronged approach of exploring to grow its resource base, whilst working to get into production in the near term.

Waugh says, "we're out exploring, we've defined a new resource at Break of Day which is a high-grade gold resource at around seven grams, and we're looking forward to getting into production sometime in the near future."

A fully funded drilling program is underway at the Cue Project in Western Australia.

"We're out doing a 12,000 meter drilling program testing these ten targets, hoping to grow that resource base, and that will help build a picture for us with a stronger resource base to give us more development options going forward," explains Waugh.

Quick facts: Musgrave Minerals Ltd

Price: 0.076 AUD

ASX:MGV
Market: ASX
Market Cap: $30.81 m
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Full interview: Musgrave Minerals hits high-grade gold in Break of Day...

Musgrave Minerals Ltd (ASX:MGV) managing director Robert Waugh updates Proactive on the latest drilling results with high-grade gold intersected at Break of Day while a rock-chip sample from Mainland has returned ultra-high-grade gold. Both prospects are within the company’s flagship Cue...

2 weeks, 1 day ago

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