Hits Significant Gold Intersections In Western Australia
Musgrave Minerals Ltd (ASX: MGV) has obtained further strong assay results from reverse circulation (RC) drilling at the Big Sky and Target 14 prospects along the new gold corridor south- west of Lena and Break of Day on its 100% owned ground at its flagship Cue Gold Project in Western Australia’s Murchison district.
Managing Director, Rob Waugh, said broad spaced (100 x 25m) first pass RC drilling continues to identify thick regolith gold mineralisation within the extensive 2.6km-long aircore gold anomaly at Big Sky and within the Target 14 area, 800m to the north. Gold mineralisation remains open to the south and down dip at Big Sky. RC drilling is continuing.
RC drilling continues to return positive results at both Big Sky and Target 14 with assay results for a further 19 RC holes received. It’s still early days but results continue to be very positive. These two target areas are 800m apart and on the same structure. This 800m gap is currently being drill tested,” Mr Waugh said.
“A 1.2km long zone to the south of Big Sky will also be drill tested in the coming weeks. The Company currently has four drill rigs on site. Results have currently only been received for broad spaced drilling at Big Sky (100m to 200m spaced holes) with assays received for generally only single RC drill holes on most traverses.
“Drill traverse line spacing is being infilled within higher grade areas with multiple drill holes on each traverse either drilled or planned. Unfortunately, assay turnaround is slow at present with gold results awaited for more than 75 RC drill holes with the numbers growing daily.
“We look forward to updating the market with further strong results as assays are received.”
The 15,000m RC drilling program meto define the extent of gold mineralisation in the regolith and basement rock beneath is continuing with >118 RC drill holes completed to date. Assays are pending for more than 75 RC drill holes from the Big Sky and Target 14 areas.
RC drilling south-west of Lena within the new 7km-long gold corridor has continued to intersect significant gold mineralisation below thin transported cover (1-10m) in areas not drilled by previous explorers.
The Big Sky gold anomaly is defined over 2.6km of continuous strike where it remains open to the north and south. The Big Sky area is 800m south of Target 14. RC drilling is currently underway to test the continuity, grade and down dip extent of the mineralisation in oxide and fresh basement rock.
The Big Sky Prospect is approximately two km southwest of Break of Day, and the extensive 2.6km gold anomaly remains open to the north and south where further drilling is underway.
Six-metre composite samples have been received from a further 19 RC drill holes in the current programme at Big Sky (12 holes) and Target 14 (seven holes), with initial holes spaced on 100m to 200m traverse lines.
Significant new intersections at Big Sky include:
• 48m @ 1.1g/t Au from 42m (21MORC120), including: o 6m @ 4.4g/t Au from 66m
• 6m @ 4.5g/t Au from 108m (21MORC121)
• 12m @ 1.9g/t Au from 84m (21MORC114)
• 12m @ 1.9g/t Au from 108m (21MORC115)
One-metre samples from anomalous gold composites have been submitted for individual analysis with results expected in August-September. It is noted that a number of drill holes steepened from the planned dip and failed to intersect the projected target.
RC drill holes are spaced 40m apart along 100-200m spaced traverse lines with infill drilling underway with a focus on the higher grade and thicker intervals of gold mineralisation intersected to date. The extensive nature and continuity of the gold mineralisation supports the view that the Big Sky Prospect has the potential to add to the Company’s existing resource base at Cue.
At Target 14, 1.2km south-west of Break of Dayand 800m north of Big Sky, anomalous gold is defined over 300m of continuous strike where it remains open to the south.
Significant new intersections include:
• 18m @ 1.2g/t Au from 42m (21MORC105)
• 6m @ 3.9g/t Au from 24m (21MORC110)
One-metre samples from anomalous gold composites have been submitted for individual analysis with results expected in August-September.
For further information please visit: https://musgraveminerals.com.au/
