Musgrave Minerals Ltd (ASX:MGV, OTC:MGVMF)’s Rob Waugh discusses some varied, high-grade results from the Big Sky deposit of the Cue Gold Project with Proactive.
The company has unearthed a variety of grades from 2 metres at 34.9 g/t gold and 6 metres at 19.2 g/t down to single gram hits, prompting a likely 0.5 g/t cut off for open cut ore mining.
Musgrave is encouraged by the high-grade results but considers them statistical anomalies with potential to add upside value during mining.
Musgrave has now received all assays necessary for a mineral resource estimate at Big Sky, but is still awaiting specific gravity density data, required to calculate tonnage.