Musgrave Minerals (ASX:MGV) and partner Evolution Mining (ASX:EVN) continue to uncover new thick, high-grade gold lodes at the West Island Island prospect within the Cue JV ground in Western Australia’s Murchison district.
Highlights:
- Diamond drilling continues to identify multiple new gold lodes.
- Significant results include 19m at 4.43g/t gold from 282m including 10.5m at 6.25g/t from 287m.
- Follow-up aircore drilling on Lake Austin has extended the mineralised footprint to more than 2.1km at West Island and has highlighted new basement targets.
- Significant intersections include 2m at 119.6g/t from 174m, 500m south of current West Island diamond drilling.
Diamond drilling continues to intersect potential ore grade intersections over wide thicknesses in basement rocks at the West Island Prospect.
Aircore drilling results continue to extend the large regolith gold mineralisation footprint at the West Island Prospect and identify new zones for follow-up basement drill testing.
The West Island zone is part of a broader regional seven km-long anomalous gold corridor within the joint venture.
The mineralisation at West Island is hosted within a differentiated dolerite intrusive sill, similar to that hosting the high-grade Great Fingall and Golden Crown deposits 25km to the north of the Cue Project.
The Great Fingall and Golden Crown deposits host a combined 4.4Mt @ 14.1g/t Au for 2.0Moz gold (Total Indicated and Inferred Resources and past production.
“The gold system at West Island on the Cue JV with Evolution is a discovery that highlights the upside potential of the Cue Project,” Musgrave Managing Director Rob Waugh said.
“Diamond drilling continues to deliver strong basement results with drilling confirming the potential for multiple high[1]grade basement gold lodes within the dolerite sill.
“To compliment these results aircore drilling continues to extend the West Island system and identify new basement targets under Lake Austin.”
The intent of the drilling on the JV area is to delineate the scale of the gold system at West Island, test additional gold-in-regolith aircore anomalies and define new diamond drilling targets through aircore drilling.
Musgrave – Evolution Cue Joint Venture – Ongoing Exploration
Diamond drilling to test the basement beneath regolith gold mineralisation on Lake Austin is continuing.
A further phase of regional aircore drilling to identify additional basement targets for drill testing has commenced. This drilling is focussed on identifying extensions to the favourable dolerite host unit at West Island.
For further information please visit: https://musgraveminerals.com.au/
