leadf
logo-loader
viewMusgrave Minerals Ltd

Musgrave Minerals has drilling results pending from Cue Gold Project

The company has been granted a trading halt until Wednesday, June 3, or when an announcement is released.

Musgrave Minerals Ltd - Musgrave Minerals has drilling results pending from Cue Gold Project
Drilling recently resumed at the Starlight discovery

Musgrave Minerals Ltd (ASX:MGV) (FRA:6MU) has news pending of drilling results from its flagship Cue Gold Project in the Murchison district of Western Australia.

The company has been granted a trading halt by the ASX and this will remain in place until the start of regular trade on Wednesday, June 3, 2020, or when an announcement is released to the market.

Shares last traded at 15.5 cents and are up from 7.4 cents at close on March 13.

Drilling resumes

Musgrave recently resumed reverse circulation (RC) drilling at the high-grade Starlight gold discovery at Break of Day within the Cue project.

This program of around 20 holes for 4,000 metres is focused on drill testing the strike and depth extension of the Starlight link-lode.

Once completed, diamond drilling will follow ahead of the anticipated resource update.

Potential to extend mineralisation

Musgrave believes there is potential to extend existing mineralisation and discover new gold deposits within the project area, as demonstrated by the recent drilling success at Break of Day, Lena and Lake Austin North.

The company’s intent is to investigate options to best develop a low-cost operation, capable of delivering strong financial returns for its shareholders.

Quick facts: Musgrave Minerals Ltd

Price: 0.55 AUD

ASX:MGV
Market: ASX
Market Cap: $260.75 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Musgrave Minerals Ltd named herein, including the promotion by the Company of Musgrave Minerals Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Musgrave Minerals' Rob Waugh highlights strong assay results from drilling...

Musgrave Minerals Ltd's (ASX:MGV) Rob Waugh caught up with Proactive's Andrew Scott after announcing they've received strong assay results of up to 3 metres at 40 g/t in recent infill drilling at Break of Day at the flagship Cue Gold Project in Western Australia’s Murchison district. Other...

20 hours, 21 minutes ago

2 min read