Musgrave Minerals (ASX: MGV) reports that it has discovered a new near-surface mineralised trend 400m east of the Break of Day prospect within its Cue Gold Project in Western Australia’s Murchison district.
The new discovery now dubbed the Waratah Trend runs parallel to the Lena / Break of Day corridor, and is thought to extend over 4km of strike broken into three mineralised gold targets covering between 200m to 400m.
Highlight results from 27 broadly-spaced RC drill holes include:
- Hole 21MORC359: 2m @ 28.1g/t Au from 78m, including
- 1m @ 53.2g/t Au from 78m
- Hole 21MORC361: 2m @ 6.1g/t Au from 87m
- Hole 21MORC350: 2m @ 5.8g/t Au from 31m
- Hole 21MORC352: 5m @ 2.6g/t Au from 36m
- Hole 21MORC344: 8m @ 1.7g/t Au from 33m
- Hole 21MORC370: 5m @ 2.0g/t Au from 98m
Speaking on the discovery, Musgrave Minerals Managing Director Rob Waugh said: “These are further strong results and support the upside prospectivity of the Cue Project. We continue to define new targets and hit new mineralised zones. The new Waratah zone is only 400m east of Break of Day. All new intersections sit outside the mineral resource estimates and the drill spacing is still very broad at ~200m with further infill required.
“All new intersections sit outside the mineral resource estimates and the drill spacing is still very broad at ~200m with further infill required”
Interestingly, Waratah was a lower priority target which coincided with the proposed waste and tailings storage facility locations in the early PFS design works. This preliminary design will obviously now need to be re-assessed.
The potential for future resource additions at Big Sky and White Heat will likely impact design planning as well. Resource RC drilling and diamond drilling will recommence in the new year at Big Sky. This work will enable a maiden Big Sky resource estimate in late Q2 2022.
The results show that exploration continues to identify strong gold mineralisation in previously untested and poorly tested areas as demonstrated by the newly identified near surface high grade Waratah gold trend east of Break of Day.”
The company notes that mineralisation at Waratah remains open down plunge and to the south.
Over at the Amarillo Prospect (formerly Target 14) located 1.2km southwest of Break of Day, further RC drilling has generated a number of significant intersections including:
- Hole 21MORC371: 9m @ 8.7g/t Au from 44m; including
- 2m @ 35.1g/t Au from 51m
- Hole 21MORC372: 3m @ 1.4g/t Au from 45m
- Hole 21MORC375: 3m @ 11.3g/t Au from 45m
Follow up drilling is expected to commence at the prospect in late January.
Images: Musgrave Minerals Ltd