Musgrave Minerals Ltd (ASX:MGV, OTC:MGVMF) continues to enhance the flagship Cue Gold Project in Western Australia with more high-grade, near-surface gold returned east of the Break of Day prospect, along the Waratah trend.
The company produced results of:
- 4 metres at 29.9 g/t gold from 17 metres (22MORC228), including 1-metre at 114 g/t from 18 metres; and
- 3 metres at 9.8 g/t from 12 metres (22MORC231).
Musgrave has identified two mineralised zones at Waratah with a combined strike of more than 500 metres. The company is already planning follow-up resource drilling.
MGV’s efforts at Cue have also produced several regional targets discovered in aircore drilling, including:
- Four targets along the Break of Day/White Heat-Mosaic trend. Follow-up reverse circulation (RC) drilling underway.
- New gold zone 140 metres north of Big Sky. Results of 9 metres at 3.8 g/t gold from 44 metres. Drill planning underway.
- Large regional gold target 1.3 kilometres long. East of Numbers deposit in untested area.
Working toward maiden resource
“The new high-grade near-surface gold mineralisation at Waratah is a great early step towards confirming the mineralisation and identifying a maiden resource for this area,” Musgrave Minerals managing director Rob Waugh said.
“The aim is to undertake resource drilling from surface to 80 metres along the high-grade zones at Waratah, to complete a mineral resource estimate in early 2023.
“The regional aircore targets are encouraging and will add to the pipeline of opportunities for the company to continue to grow the resource base at Cue.”
In addition to the other regional targets, Musgrave is continuing to unearth high-grade gold in regolith at the Amarillo prospect and has extended the northern mineralisation at Big Sky.
Regional plan showing drill hole collars and significant prospect locations.