Musgrave Minerals (ASX:MGV) has drilled a bonanza intersection and multiple high-grade gold results from drilling at its White Heat-Mosaic Prospect in Western Australia.
Highlights:
- New extensional RC drilling intersected 7m at 149.7g/t from 143m, including 1m at 1,040g/t from 143m.
- Infill RC drilling returned 4m at 116.5g/t from 50m, including 2m at 230.5g/t from 51m, while infill diamond drilling intersected 0.5m at 365g/t from 115.1m.
- RC drilling in a new area of the deposit also identified a new splay lode, which delivered a top hit of 6m at 14g/t from 127m.
- Musgrave is nearing the 1Moz mark at its Cue Project, having recently delivered a resource upgrade to 12.3Mt at 2.3g/t for 927,000oz of gold.
- The high-grade lodes at White Heat-Mosaic remain open down plunge with additional drilling to commence this week.
Trend at the White Heat-Mosaic deposit
The results are from a combination of infill and extensional drilling and highlight the very high-grade nature of the near-surface mineralisation along the Break of Day Trend. The results reflect the unique potential of Musgrave’s 100% owned ground at its flagship Cue Gold Project in Western Australia’s Murchison district.
“These are another set of very strong results from White Heat-Mosaic, part of the high-grade Break of Day Trend,” Managing Director, Rob Waugh, said.
“It would be hard to find better results from a recent Australian exploration program and the Cue Gold Project is fast becoming one of the richest undeveloped high-grade gold deposits in Australia.
“Drilling continues to turn up new lodes which we will continue to define with further drilling. We are continuing to grow our understanding of the system and the controls on mineralisation. Exploration is continuing while we also progress development studies on our existing resources at Cue.”
Break of Day Trend, White Heat-Mosaic Deposit
The Break of Day Trend has a total Mineral Resource Estimate of 982kt @ 10.4g/t Au for 327koz contained gold with 70% of this in the higher confidence Indicated resource category.
A subset of this inventory (185kt @ 11.0g/t Au for 65koz contained gold) defines the White Heat-Mosaic deposit. The deposit, only 300m south of Break of Day (797kt @ 10.2g/t Au for 262koz contained gold) is currently modelled to a maximum depth of 160m.
This recent drilling (not yet incorporated into the resource estimate) confirms the near surface and high-grade endowment along this trend, which is characterised by quartz lodes within a high-titanium basalt unit.
The high-titanium basalt unit is known to extend to the north and south at the Moyagee project and is currently being tested with first pass aircore drilling.
Further to this, the infill programme confirmed the interpretation and boundaries of the resource, giving MGV further confidence in the resource classification. The current drilling was undertaken at White Heat-Mosaic to infill and extend the gold mineralisation.
For further information please visit: https://musgraveminerals.com.au/
