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Musgrave Minerals assays support resource growth at Break of Day gold deposit

Drilling has intersected high-grade gold that suggests the gold resource extends to the south.

Musgrave Minerals Ltd - Musgrave Minerals assays support resource growth at Break of Day deposit
Follow-up drilling at Break of Day is being planned, while drilling at other targets is ongoing

Musgrave Minerals Ltd (ASX:MGV) has received assay results from drilling at the Break of Day deposit within its Cue Gold Project in Western Australia.

An RC hole drilled 2 metres at 9.0 g/t gold from 71 metres located 75 metres outside the JORC resource area at Break of Day.

The 199,000-ounce Break of Day deposit grading 7.15 g/t gold consists of a number of high-grade gold lodes, with significant potential at depth and along strike to grow the existing resource.

Taking this latest intersection and the shallow gold hit last month, gold has now been intersected at Break of Day over a north-south extent of 475 metres.

Follow-up drilling to test the vertical extent of this latest high grade intercept is currently being planned.

Break of Day is one of multiple targets

Musgrave’s managing director Rob Waugh said: “This is an excellent result and demonstrates the upside potential at Break of Day to continue to extend the mineralisation and grow the resource.

“Once you are onto a high-grade system it is important to be persistent and continue to test new ideas and concepts.

“It’s early days, yet a very pleasing result and a credit to all involved.”

Drilling at Lena is progressing well

An RC and diamond drilling program at the Lena deposit is progressing well with further assay results expected in mid-September.

A minimum of seven holes will be drilled with the program expected to take two months to complete.

Exploration at the other targets will continue throughout the year with aircore drilling of new undercover targets at Mainland planned for early in the December quarter.

Quick facts: Musgrave Minerals Ltd

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Market: ASX
Market Cap: $300 m

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