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Musgrave Minerals back out drilling at Starlight following $6 million fundraise

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 corporate, institutional, professional and sophisticated investors, which will fund some of the drilling.

Quick facts: Musgrave Minerals Ltd

Price: 0.73 AUD

ASX:MGV
Market: ASX
Market Cap: $344.15 m
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Musgrave Minerals hits 'phenomenal' 3 metres at 884.7 g/t gold at Starlight...

Musgrave Minerals Ltd's (ASX:MGV) Rob Waugh speaks to Proactive after announcing results of up to 3 metres at 884.7 g/t gold at the Starlight discovery within the flagship Cue Gold Project in Western Australia’s Murchison district. At the White Light lode Waugh says they hit 3.8 metres at 40.5...

1 week, 1 day ago

2 min read