Musgrave's gold project WA

Musgrave delivers ‘bonanza’ gold grades at White Heat-Mosaic deposit, WA

Musgrave Minerals (ASX:MGV) reports the presence of further ‘bonanza’ gold grades at the White Heat-Mosaic deposit, which is part of its flagship Cue Gold Project in Western Australia.

The results were generated by infill and extensional drilling comprising reverse circulation (RC) and diamond drilling (DD) rigs at the Break of Day Trend within the White Heat-Mosaic deposit, which highlighted the very ‘high-grade’ nature of the near-surface mineralisation.

Key results from new extensional RC drilling include:

  • Hole 22MORC130: 7m @ 149.7g/t Au from 143m, including 1m @ 1,040g/t Au from 143m
  • Hole 22MORC129: 3m @ 25.8g/t Au from 184m
  • Hole 22MORC110: 5m @ 6.9g/t Au from 135m

Commenting on the results, Musgrave Managing Director Rob Waugh said: “These are another set of very strong results from White Heat-Mosaic, part of the high-grade Break of Day Trend.

“It would be hard to find better results from a recent Australian exploration program”

It would be hard to find better results from a recent Australian exploration program and the Cue Gold Project is fast becoming one of the richest undeveloped high-grade gold deposits in Australia.

Drilling continues to turn up new lodes which we will continue to define with further drilling. We are continuing to grow our understanding of the system and the controls on mineralisation.

Exploration is continuing while we also progress development studies on our existing resources at Cue.”

The company also notes that RC drilling that was conducted in a new area of the deposit has returned a new splay lode of 6m @ 14.0g/t Au from 127m (22MORC137), however further drilling is required to determine the extent and potential.

In addition, the returned results demonstrate the potential to grow the project’s associated resource and also indicate that the ‘high-grade’ lodes at the deposit remain open down plunge.

The Cue Project comprises the Cue Gold and Hollandaire Copper areas and is located within the ‘highly prospect’ Murchison province of Western Australia with all associated tenements being 100% owned by Musgrave.

The Break of Day Trend has a total Mineral Resource Estimate (MRE) of 982,000t @ 10.4g/t Au for 327,000oz contained gold with 70% of this in the ‘higher confidence’ Indicated resource category.

With assays from the various drilling operations now returned, Musgrave announces it will move forward with additional drilling operations to commence this week with additional assays pending from Amarillo, Big Sky, and regional aircore targets.

Images: Musgrave Minerals Ltd
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.