Musgrave Minerals (ASX:MGV) - Managing Director, Rob Waugh
Managing Director, Rob Waugh
Source: Musgrave Minerals
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  • Musgrave Minerals (MGV) intersects further near-surface gold mineralisation at the Big Sky prospect in Western Australia
  • Reverse circulation (RC) drilling is currently under way at the prospect to test the continuity, grade and down-dip extensions of the mineralisation
  • Results have been received for a further 35 holes with grades peaking at 3.5 grams of gold per tonne (g/t)
  • One metre samples were also re-assayed with results peaking at 10.1g/t gold
  • Musgrave is up 3.70 per cent on the market with shares trading at 28 cents at 11:20 am AEST

Musgrave Minerals (MGV) has intersected further near-surface gold mineralisation at the Big Sky prospect in Western Australia (WA).

Big Sky is part of the Cue Gold Project which lies roughly 30 kilometres south of Cue in the Murchison district of WA.

Reverse circulation (RC) drilling is currently under way at Big Sky to test the continuity, grade and down-dip extensions of the mineralisation.

Results for a further 35 RC holes have been received with a peak result of 48 metres at 0.8 grams of gold per tonne (g/t) from 30 metres including six metres at 3.5g/t gold from 30 metres intersected.

RC drilling is continuing at Big Sky with results pending for a further 57 holes.

One metre samples were also re-assayed with results including 73 metres at 1.4g/t gold from 41 metres including five metres at 10.1g/t gold from 72 metres.

Managing Director Rob Waugh is highly encouraged by the results received to date.

“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 2.6 kilometre long corridor,” Mr Waugh said.

“The continuity of the broad near-surface gold mineralisation intersected to date is very encouraging and demonstrate that we are onto a large gold system at Big Sky with potential to deliver a significant near surface resource.”

Musgrave was up 3.70 per cent on the market with shares trading at 28 cents at 11:20 am AEST.

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