Musgrave Minerals Ltd (ASX: MGV) has reported further high-grade RC gold assay results from the White Heat prospect within its flagship Cue Gold Project in Western Australia’s Murchison district.
Significant high-grade intersections included 11m @ 19.6g/t Au from 48m (21MORC039) including 2m @ 94.0 g/t Au from 48m. The company said that the mineralisation remains open down plunge with further drilling scheduled to commence in two weeks.
MGV said that the assays from further follow-up drilling within the new gold corridor identified west of Lena linking targets 5, 14, and 20 are expected in early April.
The company reported that the diamond drilling of regolith gold anomalies on Lake Austin is ongoing within the Evolution JV and an additional RC drill rig is due on site in early April to fast-track exploration and resource definition.
Drilling at Cue project
The company had recently commenced RC drilling at White Heat prospect (formally Target 2) located 300m south of the Break of Day prospect within the Cue project. Twenty-five phase 1, RC drill holes were completed to date at White Heat.
The company said that encouraging assay results were received for all completed holes.
MGV said that significant new intercepts from 1m samples included 11m @ 19.6g/t Au from 48m (21MORC039) including 2m @ 94.0g/t Au from 48m including 1m @ 155.2g/t Au from 48m; 21m @ 7.4g/t Au from 64m (21MORC040) including 1m @ 35.9g/t Au from 64m; and 12m @ 9.9g/t Au from 73m including 3m @ 8.7g/t Au from 73m; and 1m @ 84.5g/t Au from 83m, and 2m @ 6.5g/t Au from 134m (21MORC041).
The company said that resamples of 6m composite samples at 1m intervals from RC drill holes at White Heat returned results including 2m @ 5.6g/t Au from 36m (20MORC009); 2m @ 2.6g/t Au from 38m (20MORC006); and 5m @ 1.0g/t Au from 77m (20MORC038).
Musgrave said that the mineralisation at White Heat has now been intersected over a strike extent of up to 100m with drilling at depth and along strike continuing.
The summary of the new RC drill hole assay intersections from the White Heat prospect is as shown below.
Latest updates and next steps
The company reported the ongoing and upcoming activities at Musgrave 100% tenements as well as Evolution JV. MGV said that a range of exploration techniques will be considered to progress exploration including additional surface sampling and drilling.
Musgrave 100% tenements
MGV said that at its 100% tenements, the first phase of RC drilling at the White Heat target is now complete to approximately 125m vertical depth. Further drilling will commence in two weeks.
The company said that follow-up aircore drilling is underway to define the strike extent of gold anomalism within the new gold corridor identified west of Lena and assays are expected in mid-April.
Musgrave said that an additional RC drill rig has been sourced and will commence in two weeks. The company said that this drilling will focus on defining the basement source of gold anomalism at Targets 5, 14, and 20 and is scheduled to commence in early April.
The company reported that the works for the prefeasibility study at Break of Day and Lena are underway with a focus on long lead-time items.
MGV said that the diamond drilling to follow-up the extensive regolith gold anomalies identified in the regional aircore drilling program on Lake Austin has commenced.
Musgrave Managing Director Rob Waugh said: “These high-grade, near surface gold results from White Heat further highlight the discovery potential of the project. Exploration is continuing to deliver strong results and add value for our shareholders.
Drilling will resume at White Heat in a few weeks as we continue to define the limits and plunge of the mineralisation. At a regional level, we are continuing to drill to better define the new gold corridor 800m west of Lena that is continuing to produce high-grade gold results in previously undrilled areas. Consistent newsflow from these activities can be expected over coming months.”
*Image Source: Musgrave Minerals Ltd