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Musgrave Minerals confirms new gold discovery at Break of Day

Highlights include 6 metres at 55.8 g/t gold and 60 metres at 2.7 g/t gold with more drilling planned.

Musgrave Minerals Ltd - Musgrave Minerals confirms new discovery at Break of Day
Assays for the four remaining holes at Break of Day are expected in late March 2020

Musgrave Minerals Ltd (ASX:MGV) has confirmed a new high-grade gold link-lode discovery at the Break of Day prospect within its flagship Cue Gold Project in Western Australia.

Assays have been received for a further four drill holes with two holes intersecting multiple high-grade lodes in the link position.

Results include:

  • 6 metres at 55.8 g/t gold from 108 metres;
  • 42 metres at 5.6 g/t gold from 146 metres;
  • 7 metres at 7.0 g/t gold from 183 metres; and
  • 60 metres at 2.7 g/t gold from 96 metres.

Notably, assays have been returned over a strike length of 75 metres with the high-grade mineralisation remaining open in all directions.

Assays for the final four holes remain pending, due in late March 2020 and follow-up drilling at the Starlight link-lode is being planned with commencement in April 2020.

Starlight link-lode discovery expected to grow

Musgrave’s managing director Rob Waugh said: “The new Starlight link-lode at Break of Day continues to deliver fantastic high-grade results and is expected to grow significantly with further drilling.

“The gold mineralisation at Starlight remains open in all directions including up-dip as it extends near surface.

“The identification of multiple individual lodes within this link position is significant and will enhance the upside potential of this new discovery.”

The six holes that were drilled at the Mainland-Consols prospect returned low-grade gold mineralisation.

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Full interview: Musgrave Minerals has RC drill spinning at Break of Day

Musgrave Minerals Ltd (ASX:MGV) managing director Rob Waugh updates Proactive on reverse circulation (RC) drilling resuming to test the high-grade ‘link-lode’ at Break of Day, on the company’s flagship Cue Gold Project in WA. The MD says the company has had a quick start to 2020 and he...

on 31/1/20

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