Musgrave Minerals Ltd (ASX: MGV) has received further high- grade gold assay results from reverse circulation (RC) drilling at the 100% owned Starlight Link-Lode at the Break of Day deposit on the company’s flagship Cue Gold Project in WA.
Managing Director Rob Waugh said the latest drilling was focused on testing the new high-grade link-lode and has continued to return consistent, high-grade gold results in drilling where the mineralisation has now been extended to a strike of over 100m and remains open to the west and down dip.
These are more fantastic assay results at Starlight where the link-lode continues to deliver high gold grades,” Mr Waugh said.
“Drilling continues to extend the lode which is now defined over a strike of more than 100m 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.”
Significant new assay results included:
The Break of Day gold deposit has a resource of 868Kt @ 7.2g/t Au for 199koz contained gold. The Cue Gold Project hosts total resources of 6.45Mt @ 3.0g/t Au for 613koz and includes Break of Day and the Lena deposit located 130m to the west.
A further programme of follow- up RC drilling is being planned to commence in May 2020 assuming no exploration drilling restrictions in relation to the COVID-19 pandemic are in place at this time. This will be completed together with a diamond drilling programme ahead of a resource update for Break of Day that is scheduled for Q3 2020.