Extends High-Grade Gold Anomaly At Cue
Musgrave Minerals Ltd (ASX: MGV) has received further strong assay results from regional aircore drilling at the Big Sky prospect along the new gold corridor south- west of Lena on its 100% owned ground at its flagship Cue Gold Project in Western Australia’s Murchison district.
Managing Director, Rob Waugh, said aircore drilling has now linked Targets 5 and 20 to define a continuous regolith gold anomaly with a strike extent over 1.2km that has been named Big Sky. The gold mineralisation remains open to the north and south and down dip.
“The aircore drilling is continuing to define strong continuous regolith gold mineralisation along the new gold corridor south-west of Lena under thin transported cover,” Mr Waugh said.
“The high-grade, strong continuity and near surface nature of the mineralisation is extremely encouraging. The regolith gold dispersion is over a broad area with RC follow-up drilling, testing basement targets scheduled to commence next week.
“We currently have three exploration drill rigs on site and a significant drilling programme planned for the remainder of 2021. RC drilling is also continuing at White Heat.”
Further aircore drilling south-west of Lena within the new gold corridor has continued to intersect significant gold mineralisation below thin transported cover (1-5m) in areas not previously drilled.
The Big Sky Prospect is approximately 3.5km south of Break of Day and the mineralisation remains open to the north and south where further drilling is ongoing.
These regolith intercepts define the southern end of a well mineralised gold corridor which has a potential strike of over 7km and remains largely undrilled in basement bedrock.
Aircore drilling to define the extent of this regolith gold mineralisation is continuing where the mineralisation remains open to the north and south. New intersections from 6m composite samples at Big Sky include: 30m @ 5.8g/t Au from 30m, including: • 6m @ 27.7g/t Au from 30m; and 12m @ 4.1g/t Au from 42m.
Aircore drill holes are spaced between 40-80m apart along 40m to 160m spaced traverse lines. 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. Follow-up RC drilling to define the extent of gold mineralisation in basement rock is planned to commence next week. If successful, this will be followed by resource definition drilling.
