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  • Musgrave Minerals (MGV) has received further assay results from the newly discovered White Heat prospect in Western Australia
  • Additional reverse circulation (RC) drilling at White Heat has identified high-grade gold over a strike length measuring up to 100 metres
  • To date, 25 RC holes have been drilled with best new results peaking at 65.4g/t gold
  • Furthermore, the regional aircore drilling program that helped discover White Heat has also identified high-grade gold at an additional five targets
  • Grades peaked at 33.9g/t gold, and Musgrave is now in the process of further testing these targets
  • Shares in Musgrave are up 6.25 per cent and are trading at 34 cents

Musgrave Minerals (MGV) has received further assay results from the newly discovered White Heat prospect.

White Heat lies within the Cue Gold Project which is situated in the highly prospective Murchison province of Western Australia.

Additional reverse circulation (RC) drilling at White Heat has identified high-grade gold over a strike length measuring up to 100 metres.

To date, 25 RC holes have been drilled and Musgrave has received results for the first 15 with some coming in earlier in the month.

Best new results include three metres at 26.4g/t gold from 32 metres including one metre at 65.4g/t gold from 32 metres, and one metre at 22.5g/t gold from 32 metres.

The mineralisation has a similar orientation to the Starlight Lode at Break of Day which lies 300 metres north and hosts high-grade gold mineralisation.

"This is another great set of results from the White Heat discovery which shows a steep westerly plunge to the high-grade shoot," Managing Director Rob Waugh said.

"Drilling is ongoing with two rigs on site and further assay results expected in coming weeks from White Heat and other regional targets," he added.

Furthermore, the regional aircore drilling program that helped discover White Heat has also identified high-grade gold at an additional five targets.

Results from these targets include 24 metres at 2.53g/t gold from 16 metres including one metre at 33.9g/t gold from 34 metres, and two metres at 21.2g/t gold from 34 metres.

These targets are now being tested with RC drilling with results expected in mid-March.

Musgrave is up 6.25 per cent in early morning trade with shares shares trading at 34 cents at 10:29 am AEDT.

MGV by the numbers
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