Musgrave Minerals Ltd (ASX: MGV) has returned bonanza RC intercepts of up to 2,518.8g/t Au at its Starlight gold discovery at the Break of Day Project in Western Australia.
Other intercepts of 884.7 g/t Au; 191.1 g/t Au and 40.8 g/t Au, have been recorded in the company’s assay results for a further five RC drill holes and the first five diamond drill holes from the current programme at Starlight.
Managing Director, Rob Waugh, said drilling continues to confirm the high-grade nature of the Starlight and White Light gold discoveries, with Starlight remaining open down dip where drilling is continuing.
The Starlight and White Light gold lodes at Break of Day are located on the company’s 100% owned ground at its flagship Cue Gold Project in Western Australia’s Murchison district. Drilling at Starlight is continuing, with a focus on infilling and also extending the high-grade gold mineralisation at depth.
Drilling will also continue to test for new lodes within the Break of Day/Lena mineralised corridor with a third drill rig due to commence on the 100% owned Musgrave ground in mid-August.
Starlight continues to produce stunning gold results in near-surface drilling,” Mr Waugh said.
“Further RC drilling is underway to infill and extend the Starlight mineralisation with the aim of completing a JORC resource update late in Q3 2020.
“Diamond drilling is also continuing to test for depth extensions of the high-grade Starlight lode below 250 vertical metres and to further define the White Light lode. We anticipate having four drill rigs on site by mid- August.”
To date a total of 58 RC holes of a planned 70 holes have been completed with assay results received for 49 holes. Six deep diamond drill hole tails and three infill diamond holes have been completed to date with assays received for five holes. All new assay results are shown in Table 1a with further assays expected within two to three weeks.
The Starlight and White Light mineralised gold lodes lie proximal to the existing Break of Day resource within separate southeast-northwest parallel mineralised zones approximately 75m apart.
All intercepts recorded in the current drilling programme are outside the existing Break of Day resource estimate. The current resource estimate for the Cue Gold Project totals 6.45Mt @ 3.0g/t Au for 613koz including the Break of Day deposit (868Kt @ 7.2g/t Au for 199koz contained gold) and the Lena deposit (4,3Mt @ 2.3g/t Au for 325koz contained gold) located 130m to the west.