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Musgrave Minerals hits more high-grade gold at flagship Cue project

Reverse circulation drilling has returned encouraging results from the Lena, Break of Day and Mainland prospects.

Musgrave Minerals - Long section of the Lena deposit showing new drill hole pierce points and significant assay results.
The company already has the drill spinning at Cue at the start of its 2020 program

Musgrave Minerals Ltd (ASX:MGV) has received further high-grade gold results from drilling at the Lena, Break of Day and Mainland prospects at Cue Gold Project in Western Australia.

Reverse circulation drilling at Lena, Break of Day and Mainland consisted of a combined 29 holes for 3,568 metres.

Final assays for this drilling have been received with high-grade results across all three prospect areas, including 5 metres at 12.1 g/t gold from 82 metres and 3 metres at 38.2 g/t from 113 metres.

“Resource growth potential”

Musgrave managing director Rob Waugh said assay results showed potential to extend existing mineralisation and discover new deposits within the project area.

He said: “These are further strong results at Lena, Break of Day and Mainland and continue to highlight the resource growth potential of all three prospects.

“With drilling already commenced for the 2020 year, we are looking forward to more exciting results as the programs progress.”

Lena high-grade shoots

Drilling at the northern end of Lena confirmed the high-grade shoots within the current resource and intersected two zones of mineralisation with 5 metres at 2.7 g/t from 2 metres within a broader interval of 12 metres at 1.5 g/t from 2 metres downhole.

At the southern end, infill holes confirmed the high-grade zone and intersected 9 metres at 6.4 g/t from 116 metres downhole, including 2 metres at 22.3 g/t from 121 metres.

Waugh said: “The strong results from drilling at Lena confirm the geological interpretation which is showing good continuity of the high-grade shoots at depth and will further enhance the resource update expected later in Q1 2020.”

A long section of Lena deposit showing new drill hole pierce points and assay results.

Further Mainland drilling

The best results at the Consols area of Mainland of 3 metres at 38.2 g/t from 113 metres downhole including 1-metre at 102.5 g/t from 114 metres confirm the southerly plunge to the high-grade shoot.

Musgrave is confident the early positive results highlight the upside potential of the area to host new high-grade gold mineralisation with further drilling planned to start at Consols next month.

Break of Day resource update

The standout drill hole for Break of Day intersected an interpreted linking structure assaying 45 metres at 11.8 g/t from 144 metres downhole, including 5 metres at 29.2 g/t from 150 metres and 23 metres at 16.2 g/t from 166 metres.

Testing of the southern extension returned a high-grade result of 3 metres at 7.2 g/t from 128 metres downhole including 1-metre at 17.7 g/t from 128 metres, confirming the southerly plunge to the high-grade shoot.

Additional drilling is planned in late January with the potential to lead to a Break of Day resource update in the second quarter of 2020.

JV results expected

These three prospects are not part of the earn-in and exploration joint venture with Evolution Mining Ltd (ASX:EVN), which covers the Lake Austin area of the Cue project.

Diamond drilling results for the JV area are expected in March 2020 while the partners are planning a large aircore drilling program to further define gold targets for basement drill testing.

This drilling is scheduled to begin in early February 2020.

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