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Musgrave Minerals hits more high-grade gold at Starlight, shares up 6.7%

Results from four RC holes have been received extending the Starlight Link-Lode strike length to 100 metres.

Musgrave Minerals Ltd -
More drilling at Starlight is expected to commence in May 2020

Musgrave Minerals Ltd (ASX:MGV) has received further high-grade gold assay results from the Starlight Link-Lode at the Break of Day deposit within the flagship Cue Gold Project in Western Australia.

Highlights include 42 metres at 6.8 g/t gold from 70 metres including 4 metres at 65.8 g/t gold.

Reveres circulation (RC) drilling was focused on testing the new high-grade link-lode and has continued to return consistent, high-grade gold results.

Mineralisation has now been extended to a strike length of over 100 metres and remains open to the west and down dip.

Additional follow-up RC drilling of the Starlight Link-Lode is expected to commence in May 2020.

More drilling expected to extend high-grade mineralisation

Musgrave's managing director Rob Waugh said: “These are more fantastic assay results at Starlight where the link-lode continues to deliver high gold grades. 

"Drilling continues to extend the lode which is now defined over a strike of more than 100 metres and remains open to the west and down dip. 

"Further drilling is expected to continue to extend the high-grade mineralisation. 

"Starlight also remains open near-surface and the confirmation of multiple individual lodes within this link position will enhance the upside potential and the economics of this new discovery.”

There could be more Starlight structures in the area

The identification of the high-grade Starlight Link-Lode structure is significant as it has the potential to add shallow, high-grade gold ounces to the resource.

It is possible that other linking structures may be present within the region which will open a large new search space for exploration and increase the probability of growing the resource base.

Quick facts: Musgrave Minerals Ltd

Price: 0.145 AUD

Market: ASX
Market Cap: $67.15 m

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Musgrave Minerals Ltd's (ASX:MGV) Rob Waugh tells Proactive they've resumed RC drilling at the high-grade Starlight gold discovery at Break of Day within the flagship Cue Gold Project in Western Australia. Last week they raised $6 million before costs through a well-supported placement to...

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