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Musgrave Minerals’ broad drilling results at Lake Austin North confirm gold discovery

Musgrave Minerals Ltd (ASX:MGV) managing director Rob Waugh updates Proactive Investors on exceptional drilling results at the Lake Austin North prospect within its flagship Cue Gold Project in Western Australia.

“We’re seeing thick mineralisation, lots of alteration – some really good signs,” Waugh says.

He continues, “we want to focus our work on the Lake going forward and that’s where we think there is potential for these multi-million-ounce type deposits, the really big ones, and that will be our focus for the exploration over the next 6-12 months.”

The first diamond drill holes into the A and C-zone targets at Lake Austin have returned grades up to 242 metres at 1.0 g/t gold from 61 metres, which included a high-grade zone of 45 metres at 3.3 g/t from 70 metres.

 
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