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Musgrave Minerals begins drilling at newly acquired Mainland Prospect

Musgrave Minerals (ASX:MGV) managing direct Robert Waugh updates Proactive Investors on the initial drilling program which is underway at the Mainland Prospect within the company's Cue Gold Project in WA.

About 1,500 metres of reverse circulation drilling will be carried out to test three new high priority targets as well as high-grade basement mineralisation below a series of existing historical gold prospects.

“Mainland is an area we picked up earlier this year and it’s a really exciting prospect for us,” he says.

“We can see our resources growing in this area.”

Waugh notes that results should be released in about four weeks.

Quick facts: Musgrave Minerals Ltd

Price: 0.076 AUD

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...

1 week, 6 days ago

2 min read