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- Musgrave Minerals (MGV) has intersected up to 83.9 grams per tonne gold from the newly discovered White Heat prospect in WA
- To date, nine reverse circulation (RC) holes have been drilled and results have been received from the first four
- RC drilling is continuing at White Heat to follow-up on the results and mineralisation which remains open along strike and at depth
- Furthermore, aircore drilling is set to begin in early March to define the extent of the gold anomalism
- Musgrave is up 2.82 per cent on the market and shares are trading at 36.5 cents
Musgrave Minerals (MGV) has intersected up to 83.9 grams per tonne gold from the newly discovered White Heat prospect.
White Heat is situated within the Cue Gold Project which lies in the highly prospective Murchison province of Western Australia.
To date, nine reverse circulation (RC) holes have been drilled and results have been received from the first four.
Significant results include four metres at 43.2 grams per tonne gold from 98 metres including two metres at 83.9 grams per tonne gold from 98 metres, and six metres at 15.3 grams per tonne gold from 38 metres including three metres at 28.8 grams per tonne gold from 38 metres.
Interestingly, the mineralisation has a similar orientation to the Starlight Lode which lies 400 metres north and has returned up to 56.4 grams per tonne gold.
Mineralisation at White Heat remains open along strike and at depth.
“This is a great result from the first four RC holes at the new White Heat prospect and demonstrates the exploration upside of the tenement package,” Managing Director Rob Waugh said.
“The gold is high-grade and near surface but masked from previous explorers by two to three metres of transported hardpan clays,” he added.
RC drilling is continuing at White Heat to follow-up on these results and an aircore drilling program is set to begin in early March to define the extent of the gold anomalism.
Musgrave is up 2.82 per cent on the market and shares are trading at 36.5 cents at 12:16 pm AEDT.
