Musgrave Minerals (ASX: MGV) has announced ‘high grade’ assay results following RC and diamond drilling campaigns at the Big Sky prospect within its flagship Cue Gold Project in Western Australia.
The results include individual grades of up to 34.9g/t, with significant RC hits including:
- Hole 22MORC039: 6m @ 19.2g/t Au from 87m
- Hole 21MORC274: 3m @ 20.3g/t Au from 26m
- Hole 22MORC038: 2m @ 34.9g/t Au from 62m
- Hole 22MORC024: 2m @ 9.0g/t Au from 18m
- Hole 22MORC008: 8m @ 6.0g/t Au from 65m
- Hole 21MORC025: 5m @ 5.9g/t Au from 29m
- Hole 22MORC037: 6m @ 4.1g/t Au from 114m
- Hole 22MORC035: 5m @ 3.4g/t Au from 53m
- Hole 22MORC024: 2m @ 9.0g/t Au from 18m
- Hole 22MORC023: 2m @ 7.6g/t Au from 18m
- Hole 22MORC028: 2m @ 7.6g/t Au from 60m
- Hole 21MORC273: 2m @ 7.0g/t Au from 10m
Musgrave also reported assays following diamond drilling with grades including:
- Hole 22MODD003: 6.3m @ 9.7g/t Au from 39.6m
- Hole 21MODD043: 2m @ 9.0g/t Au from 127m
Addressing the results, Musgrave Minerals Managing Director Rob Waugh said: “The latest assay results from resource drilling at Big Sky confirm the potential of the system to host higher grade zones and improves the confidence in the geological continuity of the system.
“The high-grade gold mineralisation at Big Sky remains open down dip in fresh rock, which will be the focus of subsequent drill programs”
The scheduled May-June resource update will focus only on the top 100 vertical metres (dominantly weathered open cuttable mineralisation) and be an interim Mineral Resource update (adding Big Sky and White Heat-Mosaic) as we continue to grow our resource base. The high-grade gold mineralisation at Big Sky remains open down dip in fresh rock, which will be the focus of subsequent drill programs planned to commence in late May 2022.”
The company believes that these recent results provide further support for Big Sky potentially hosting higher-grade zones which could ‘significantly’ add to the Cue resource base.
Mineralisation has been defined over 2.6km of strike, with all testing undertaken within 100m of surface, and mineralisation remaining open at depth.
Cue Project regional plan displaying drill hole collars and significant prospectsThe Cue Gold project is located approximately 30km south of its namesake town within the Murchison Gold District of Western Australia.
It boasts a current Mineral Resource Estimate of 6.4Mt @ 3.2g/t Au for 659koz including 797kt @ 10.2g/t Au for 262koz contained gold at the Break of Day deposit, and 4.3Mt @ 2.3g/t Au for 325koz contained gold at the Lena deposit.
With results at Big Sky now finalised and received, Musgrave reports that it will move forward with additional drill campaigns likely to commence in late May 2022. A Maiden Mineral Resource Estimate for the prospect and is also expected to be delivered in late Q2.
Images: Musgrave Minerals Ltd
