Musgrave Minerals Ltd (ASX: MGV) has announced that it has intersected consistent, near-surface gold from RC drilling within the Big Sky prospect at its flagship Cue Gold Project in Western Australia’s Murchison district.
The company has received assays for 35 drill holes, with results continuing to define thick regolith gold mineralisation along the 2.6km aircore gold anomaly at the prospect.
Key results from latest assays include:
- Hole 21MORC124: 18m @ 2.0g/t Au from 18m
- Hole 21MORC130: 18m @ 1.2g/t Au from 18m
- Hole 21MORC132: 24m @ 1.7g/t Au from 24m
- Hole 21MORC141: 30m @ 1.0g/t Au from 30m
The company has also re-assayed one-metre samples from original composites, with results including:
- Hole 21MORC101: 73m @ 1.4g/t Au from 41m, including:
- 5m @ 10.1g/t Au from 72m
- Hole 21MORC082: 36m @ 1.3g/t Au from 30m, including:
- 11m @ 3.0g/t Au from 55m
- Hole 21MORC095: 9m @ 1.8g/t Au from 75m
Gold mineralisation at Big Sky remains open to the south and down dip, with assays pending for a further 57 RC holes.
Big Sky potential
The Big Sky gold anomaly is situated within the Cue Gold Project, ~30km south of the township of Cue in the Murchison district of Western Australia. The prospect is defined over 2.6km of continuous strike, 2km south-west of the Break of Day deposit which holds 797kt @ 10.2g/t Au for 262koz Au.
RC drilling continues to intersect significant gold mineralisation below thin transported cover in areas not drilled by previous explorers.
The current drill program is designed to test the continuity, grade and down dip extent of mineralisation in oxide and fresh basement rock.
“The continuity of the broad near-surface gold mineralisation intersected to date is very encouraging”
Musgrave Minerals Managing Director Rob Waugh said: “Big Sky is proving to be a significant large scale gold system and the RC drilling continues to return strong results of near surface gold mineralisation within the 2.6km long corridor. The continuity of the broad near-surface gold mineralisation intersected to date is very encouraging and demonstrates we are onto a large gold system at Big Sky with the potential to deliver a significant near surface resource. Unfortunately, assay turnaround has been slow but is starting to improve. We are still awaiting assays for more than 57 RC drill holes from Big Sky and we look forward to updating the market with further results as assays are received.”
Images: Musgrave Minerals Ltd