- Musgrave Minerals (MGV) has received further high-grade gold results from drilling at its Break of Day deposit in Western Australia
- This drilling program was made up of 13 holes and focused on testing the new high-grade Starlight Link-Lode at Break of Day
- Some of the gold results peaked as high as 173 grammes per tonne
- Following this, further reverse circulation drilling is planned for May
- Musgrave is up a strong 12.4 per cent and shares are trading for 10 cents each
Musgrave Minerals (MGV) has received further high-grade gold results from drilling at its Break of Day deposit in Western Australia.
Break of Day is located within Musgrave’s Cue Gold Project, which is situated in Western Australia’s Murchison District.
This drilling program consisted of 13 holes, for 2490 metres, and focused on testing the new high-grade Starlight Link-Lode at Break of Day.
The identification of Starlight is significant as it has the potential to add high-grade gold ounces to Break of Day’s current resource of 868,000 tonnes at 7.2g/t gold for 199,000 ounces of contained gold.
A possibility also exists that there may be other structures linked which will open up a much larger search space to grow the resource even more.
Assuming no restrictions are put in place concerning COVID-19, further drilling to test for this is planned for May.
This will be completed in tandem with a diamond drilling program and then a resource update for Break of Day is planned for the third quarter of 2020.
Mineralisation at Starlight is believed to lie in a 100-metre long, east-west trending zone that dips steeply to the south.
High-grade results include four metres at 65.9g/t gold from 70 metres including one metre at 173.6g/t gold, and two metres at 6.2g/t gold from 110 metres.
“These are more fantastic assay results at Starlight where the link-lode continues to deliver high gold grades,” Managing Director Rob Waugh commented.
“Further drilling is expected to continue to extend the high-grade mineralisation,” he added.
Musgrave is up a strong 12.4 per cent and shares are trading for 10 cents each at 3:17 pm AEDT.