Perth, Australia (ABN Newswire) – Musgrave Minerals Ltd (ASX: MGV) (FRA: 6MU) (OTCMKTS: MGVMF) is happy to announce additional high-grade gold assay outcomes from Reverse Circulation (“RC”) and diamond drilling alongside the Diurnal Development break on the White Warmth-Mosaic deposit. The outcomes come from a mix of infill and step-out drilling and spotlight the very high-grade nature of the mineralization close to floor. The White HeatMosaic deposit, with its near-surface excessive grades, is predicted to be a key part of future mission growth at Cue. The outcomes proceed to mirror the distinctive potential of the land 100% owned by Musgrave at its flagship Cue Gold mission within the Murchison district of Western Australia (Determine 1*).
Musgrave’s managing director, Rob Waugh, mentioned: “That is one other robust set of outcomes and confirms the exceptionally excessive grades of near-surface gold mineralization at White Warmth-Mosaic. The deposits, together with White Warmth-Mosaic alongside the trending day’s high-grade breakout, would be the cornerstone for the long run growth of the Cue Gold mission.”
Break of the day pattern
White Warmth Mosaic Deposit
The Daybreak Development has a complete mineral useful resource estimate of 982 kt at 10.4 g/t Au for 327 koz of gold, 70% of which is within the highest confidence Indicated Useful resource class (see MGV ASX announcement dated Could 31, 2022, “Cue Mineral Useful resource 927,000 ounces).
A subset of this stock (185 kt @ 11.0 g/t Au for 65 koz of gold) defines the White Warmth-Mosaic deposit.
The deposit, simply 300 m south of Break of Day (797 kt @ 10.2 g/t Au for 262 koz gold) is at present modeled at a most depth of 160 m.
This latest drilling (not but included into the useful resource estimate) confirms near-surface, high-grade endowment alongside this pattern, characterised by quartz veins inside a high-grade basalt stratigraphic unit. titanium. The drilling aimed to higher outline the mineralized boundaries and high-grade plunge orientations of the White Warmth-Mosaic deposit (Figures 2-4*). The whole outcomes are introduced in Tables 1a and 1b*.
New RC drill intersections exterior the present mineral useful resource boundary on the Mosaic vein embrace:
o 4m @ 7.6g/t Au from 2m (22MORC253) extending Mosaic mineralization as much as 2m from floor.
New RC intersections throughout the present mineral useful resource boundary (infill drilling) embrace:
o 5m @ 80.2g/t Au from 12m (22MORC251), together with;
o 2m @ 194.5g/t Au from 12m
o 8m @ 19.8g/t Au from 37m (22MORC242), together with;
o 3m @ 49.7g/t Au from 38m
o 5m @ 43.9g/t Au from 89m (22MORC248), together with;
o 1m @ 176g/t Au from 89m
o 7m @ 8.1g/t Au from 66m (22MORC236), together with;
o 1m @ 49.4g/t Au from 69m
o 3m @ 17.6g/t Au from 3m (22MORC243)
o 2m @ 20.0g/t Au from 96m (22MORC254)
o 4m @ 5.3g/t Au from 43m (22MORC249)
o 2m @ 4.9g/t Au from 17m (22MORC239)
Mineralization stays open at depth (Determine 3*) however seems to weaken at depth. Additional step-out drilling to substantiate the push and plunge geometries is being deliberate.
Minor flare veins are evident throughout drilling however are anticipated to have restricted lateral extension. Outcomes from the diamond gap (22MODD030) within the Mosaic vein had been acquired the place low grade mineralization was intersected throughout the quartz vein on the projected depth, however exterior the excessive grade plunge zone ( tables 2a and 2b*).
*To view tables and figures, please go to:
About Musgrave Minerals Ltd:
Musgrave Minerals Ltd (ASX:MGV) is an energetic Australian gold and base metals explorer. The Cue mission within the Murchison area of Western Australia is a sophisticated gold and copper mission. Musgrave has had vital exploration success at Cue, with a give attention to growing gold and copper sources by discovery and step-out drilling to underpin research that may exhibit a growth path. viable within the brief time period. Musgrave additionally holds a big set of exploration concessions within the potential Ni-Cu-Co province of Musgrave in South Australia.
Musgrave Minerals Ltd.
Rob Waugh Managing Director Musgrave Minerals Restricted +61 8 9324 1061 Angela East Affiliate Director Media and Capital Companions +61 428 432 025
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