Musgrave Minerals Ltd (ASX:MGV) has made a high-grade gold discovery at the White Heat prospect with its ongoing drilling campaign at the company’s flagship Cue Gold Project in Western Australia’s Murchison district.
Follow-up drilling along strike at White Heat (previously known as Target 2) intersected: 6m @ 11.6g/t Au from 24m and 6m @ 8.3g/t Au from 36m.
The company has now intersected high-grade, near-surface gold at White Heat over a 70m strike on three adjacent traverses where it remains open both to the east, west and down dip.
Musgrave says it has now received assay results for a further 143 aircore/reverse circulation (RC) drill holes from the current regional exploration programme at the Cue Gold Project.
Managing Director, Rob Waugh, said aircore traverses have been completed over 23 of 25 regional targets and initial assays received for 21 targets, with anomalous gold intersected at 19 including high-grade results from targets 2, 9, 14, 15 and 20.
This is another strong set of result from our regional drilling programme which continues to highlight the upside gold potential of the belt,” Mr Waugh said.
“The White Heat target is showing significant potential and the identification of two new regional, parallel, gold bearing corridors with no basement drilling opens the opportunity for further discoveries.
“Regional drilling on targets is continuing and further follow-up of the high-grade gold results at White Heat and other targets is underway.”
The current drill programme is testing new Starlight analogue targets on trend from the high-grade Starlight gold discovery at Break of Day with multiple targets returning very encouraging results.
The programme has also identified two new parallel trends west of the Lena/Break of Day target corridor with strong gold anomalism under thin transported cover.
To date a total of 353 aircore holes (21,900m) has been completed over 23 of a planned 25 targets with assays received for 249 holes.
Mr Waugh said the drill programme has been extended to more than 23,000m following the exceptional early results.