Musgrave Minerals (ASX: MGV) reports that diamond drilling at the West Island prospect within the Musgrave / Evolution Cue joint venture has identified a series of new gold lodes in basement rock.
The drilling has returned ‘ore grade’ intersections, with key results including:
- Hole 22CUDD001:
- 2.4m @ 7.1g/t Au from 137.9m
- 19m @ 4.43g/t Au from 282.0m; including
- 10.5m @ 6.25g/t Au from 287.0m
- Hole 22CUDD002:
- 2.9m @ 9.59g/t Au from 308.1m
- 12.0m @ 4.89g/t Au from 322.0m; including
- 9.0m @ 6.37g/t Au from 322.0m
- Hole 21MODD035
- 6.55m @ 4.66g/t Au from 253.45m
In addition, follow-up AC drilling on Lake Austin has identified basement targets, and extended the prospect’s footprint to over 2.1km, with key results including:
- Hole 21MOAC148: 2m @ 119.6g/t Au from 174m, (500m south of ongoing diamond drilling)
- Hole 21MOAC206: 2m @ 18.06g/t Au from 74m (2.8km south of West Island)
Speaking on the results, Managing Director Rob Waugh said: “The gold system at West Island on the Cue JV with Evolution is a discovery that highlights the upside potential of the Cue Project.
“Diamond drilling continues to deliver strong basement results with drilling confirming the potential for multiple high- grade basement gold lodes within the dolerite sill”
Diamond drilling continues to deliver strong basement results with drilling confirming the potential for multiple high- grade basement gold lodes within the dolerite sill. To compliment these results aircore drilling continues to extend the West Island system and identify new basement targets under Lake Austin.”
Cross section displaying diamond drill results at the West Island prospectThe West Island prospect forms part of regional 7km anomalous gold corridor within the Cue JV, where mineralisation is hosted within a differentiated dolerite intrusive sill similar to that found at the ‘high-grade’ Great Fingall and Golden Crown deposits 25km north of Cue.
Those deposits host a combined 4.4Mt @ 14.1g/t Au for 2.0Moz gold, comprised of indicated and inferred resources plus past production.
Musgrave notes that diamond drilling to test basement targets is ongoing, with a new phase of regional AC drilling underway, tasked with defining further basement targets.
Images: Musgrave Minerals Ltd
