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Musgrave Minerals’ high-grade gold result supports potential of large-scale system

Musgrave Minerals Ltd (ASX: MGV) managing director Robert Waugh updates Proactive Investors on the company’s new high-grade drilling results from the Lake Austin North system within its Cue Gold Project in WA.
An intersection of 5 metres at 14.8 g/t gold was encountered within a broader assay of 38 metres at 2.08 g/t from 111 metres, which also included a 1-metre intercept from 136 metres at 65.4 g/t.
Waugh says that it’s another excellent result which highlights the systems potential and supports the company’s positive view that a large-scale gold system is hidden below the salt lake. 

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Price: 0.14 AUD

Market: ASX
Market Cap: $64.84 m

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Musgrave Minerals back out drilling at Starlight following $6 million fundraise

Musgrave Minerals Ltd's (ASX:MGV) Rob Waugh tells Proactive they've resumed RC drilling at the high-grade Starlight gold discovery at Break of Day within the flagship Cue Gold Project in Western Australia. Last week they raised $6 million before costs through a well-supported placement to...

3 weeks, 1 day ago

2 min read