Musgrave Minerals Ltd (ASX: MGV) has received further strong reverse circulation (RC) gold assay results from regional drilling of new targets on its 100% owned ground at its flagship Cue Gold Project in Western Australia’s Murchison district.
First basement RC drilling west of Lena has intersected significant gold mineralisation in what could potentially be a 7km long new mineralised corridor extending from drill Target 14 in the north through to Targets 5 and 20, 2.5km to the south where it remains open.
The drilling at Target 14 was targeted to identify the source of a regional regolith aircore gold anomaly 800m west of Lena, interpreted to represent a possible new, untested shear corridor hosted in felsic and sedimentary lithologies.
Managing Director, Rob Waugh, said this new corridor has a potential strike of over 7km and is along trend from Targets 5 and 20 more than 2.5km to the south. The area has no previous drilling.
These results are potentially very significant as these are the first basement drill holes into what could represent a 7km stretch of a new mineralised shear corridor with no previous drilling,” Mr Waugh said,
“We have now intersected basement gold mineralisation in broad intervals over more than 3km of strike in this new shear corridor and the team is excited by the opportunity to continue to test this area.
“This new well mineralised gold corridor remains largely undrilled in bedrock and can host significant widths of high-grade gold mineralisation.
“Drilling is ongoing with further assay results expected in coming weeks from White Heat and follow-up of Targets 5, 14 and 20.”
Mr Waugh said the early-stage broad intercepts define a well mineralised corridor that remains largely undrilled in bedrock and can host significant widths of high-grade gold mineralisation.
Strong high-grade, near surface gold mineralisation has been intersected at
Target 14. The mineralisation is open along strike and down dip. Six-metre composite samples have been analysed from the RC holes drilled in the current programme.
Results include:
Target 14
30m @ 3.5g/t Au from 36m, including: 12m @ 6.9g/t Au from 36m; 48m @ 0.2g/t Au from 102m to EOH; and 6m @ 1.46g/t Au from 84m.
Target 5
Four off six RC holes terminated in mineralisation. The mineralisation has been drilled over a strike length of approximately 200m where it remains open to the north, south and down dip. Initial intersections from 6m composite samples at Target 5 include:
34m @ 0.73g/t Au from 42m to EOH; including 18m @ 1.8g/t Au from 48m, 52m @ 0.61g/t Au from 30m to EOH; including 12m @ 1.2g/t Au from 36m, 94m @ 0.26g/t Au from 6m to EOH, and 78m @ 0.45g/t Au from 12m to EOH.
Target 20
Drilling at Target 20, 400m south of Target 5 drilling intersected: 30m @ 0.74g/t Au from 38m to EOH; including 6m @ 2.3 g/t Au from 44m.
