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Musgrave Minerals hits high gold grades in drilling at Mainland project in WA

Assay results from extensional drilling at the Break of Day and Lena gold deposits are expected in mid-December.

Musgrave Minerals Ltd - Musgrave Minerals intersects high-grade gold up to 10.8.3 g/t within the Mainland Project in WA
A 1-metre intersection from Consols prospect returned 108.3 g/t gold

Musgrave Minerals Ltd (ASX:MGV) has intersected high-grade gold of up to 2 metres at 55.4 g/t from 52 metres including 1-metre at 108.3 g/t in reverse circulation (RC) drilling at Consols prospect within the Mainland project in WA.

Other results include:

  • 12 metres at 8.1 g/t from 108 metres, including 6 metres at 14.2 g/t from 114 metres; and
  • 3 metres at 5.2 g/t from 73 metres.

The results have extended gold mineralisation at Consols Prospect along strike and down dip from Musgrave’s initial drill program that intersected 3 metres at 5.4 g/t from 74 metres.

“Discoveries still to be made”

Managing director Rob Waugh said: “This is a great early result at Mainland and supports the company’s view that there are significant gold discoveries still to be made in the Murchison.

“These early results are not dissimilar to the early results at Break of Day with the gold mineralisation remaining open to the west and down dip.

“Mainland has a long history of alluvial gold production and to discover a basement source for some of this historical production is a significant step forward.”

Option on basement gold rights

Musgrave has an option to acquire 100% of the basement gold rights at Mainland, which lies within the boundaries of the Cue Gold Project and covers the northern extension of the shear corridor that hosts Musgrave’s Break of Day and Lena gold deposits.

After executing the option agreement, the company completed an initial RC drilling program.

Follow-up drilling consisted of 12 holes for 1,006 metres across three targets and has extended the Consols gold mineralisation along strike.

Consols remains open and untested along strike and at depth.

Future steps

Assay results for extensional drilling at Break of Day and Lena are expected in mid-December with further follow-up drilling being planned at Mainland for Q1 2020.

The company is working towards delivering a Lena resource update in Q1 2020.

Diamond drilling is also underway at Lake Austin North as part of the joint venture with Evolution Mining Ltd (ASX:EVN).

On the broader JV area over Lake Austin at Cue, Evolution and Musgrave are planning a large aircore drilling program to further define gold targets for basement drill testing.

Heritage surveys are being organised prior to the beginning of the aircore program.

Metallurgical tests at Hollandaire

Musgrave's earn-in partner Cyprium Metals Ltd (ASX:CYM) has begun metallurgical column test-work on massive sulphide mineralisation from a recent diamond drilling program at Hollandaire prospect within the Cue project.

The program targeted known copper mineralisation and is being conducted to determine the optimal copper extraction method and has leached copper into the solution at room temperature conditions.  

Cyprium executive director Barry Cahill said: “We are delighted and are very encouraged to see the leaching of copper into solution within one hour from the commencement of the column test work.

“We are looking forward to providing further updates on the metallurgical test-work as they become available.”

Cyprium has been granted an option by Musgrave to earn-in for an 80% interest in the non-gold rights over the Cue project tenements.

Quick facts: Musgrave Minerals Ltd

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Market: ASX
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