Musgrave Minerals Ltd (ASX: MGV) has received further positive assay results from reverse circulation (RC) drilling across multiple prospects, on its wholly-owned ground at its flagship Cue Gold Project in Western Australia’s Murchison district.
These are the final assay results from the RC phase of drilling completed in December 2022.
“The intersection north of Break of Day may represent a new, untested high-grade lode and demonstrates the ongoing discovery opportunity within this system,” Managing Director, Rob Waugh, said.
“This is a positive result as it bodes well for further discovery upside within the favourable Break of Day stratigraphic package. More drill testing is required to confirm the strike and dip extent of this new lode.
“In addition, further results from White Heat-Mosaic, White Light and the new Waratah zone all have the potential to add to our resource base as we continue to advance the Cue Gold Project.”
Break of Day North Target
The Break of Day high-grade mineralized trend has a total Mineral Resource Estimate (MRE) of 982kt @10.4g/t Au for 327koz gold with 70% of this in the higher confidence Indicated Resource category.
There is extensive drilling within the top 100m around Break of Day, however with multiple lode orientations there remain gaps in this drilling. The team identified three untested targets for follow-up, with one located on an interpreted structure sitting within a 30m wide drilling gap subparallel to existing drill holes, and only 50m north of the current Break of Day Mineral Resource Estimate boundary.
A single short 66m RC hole was drilled to test this position and intersected high-grade gold mineralization that may represent a new, untested gold lode. The mineralized interval is hosted within the favourable Break of Day, high-titanium basalt stratigraphic unit and is open along strike for 50-100m and also open down plunge. This recent drilling confirms the continued high-grade prospectivity along this trend. Follow-up drilling is currently being planned.
White Light Lode (Break of Day)
The White Light Lode is part of the Break of Day MRE. The mineralization at Break of Day is defined within a number of individual gold lodes and includes the White Light Lode. Recent extensional drilling has intersected a southeast extension of the lode approximately 20m beyond the Mineral Resource boundary.
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