Musgrave Minerals Ltd

Musgrave Minerals extends total strike at Lake Austin North Gold Project to 8 kilometres

Musgrave Minerals Ltd (ASX:MGV) managing director Robert Waugh updates Proactive Investors on the substantial strike extension made at the company's Lake Austin North A-Zone target, increasing the prospective ground from about 800 metres to more than 3 kilometres. 
"What we've been able to find is this three-kilometre trend and some quite high-grade numbers within that to give us indications of where the basement mineralisation might be below," says Waugh.
He continues, "This proves to us that the system is large ... we've also been able to hit multiple zones where we think there's basement mineralisation as well. 
"That brings the combined strike to over 8 kilometres so that's a lot of system to test."

Quick facts: Musgrave Minerals Ltd

Price: $0.08

Market: ASX
Market Cap: $29.01 m

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Musgrave Minerals intersects high-grade gold at Lena and Mainland Prospects

Musgrave Minerals Ltd (ASX:MGV) managing director Rob Waugh updates Proactive Investors on high-grade gold intersected from drilling at the company’s flagship Cue Gold Project in Western Australia.   Both results are below the current JORC resource and highlight the potential to extend...

1 day, 18 hours ago

2 min read