Musgrave hits bonanza gold interval at Starlight with 3m @ 884.7g/t Au

  • RC drilling at Starlight continues to deliver strong gold intercepts including:
    • 14m @ 191.1g/t Au from 4m (20MORC068) including;
      • 3m @ 884.7g/t Au from 5m including;
        • 1m @ 2,518.8g/t Au from 6m
    • 22m @ 5.8g/t Au from 15m (20MORC067) including;
      • 3m @ 26.2g/t Au from 31m
    • 5m @ 14.3g/t Au from 90m (20MORC064)
    • 6m @ 5.3g/t Au from 232m (20MORC063)
  • Diamond drilling at Starlight has returned intercepts including:
    • 16m @ 13.7g/t Au from 18m (20MODD008) including;
      • 4m @ 40.8g/t Au from 18m and
      • 9m @ 6.1 g/t Au from 25m
    • 0.5m @ 25.4g/t Au from 269.5m (20MODD007)
  • The results confirm and extend the high-grade gold mineralisation at Starlight where it remains open down plunge
  • Diamond drilling is continuing to test the depth extent of the Starlight lode below 250 vertical metres
  • Drill intercepts from extensions to other gold lodes include;
    • 3.8m @ 40.5g/t Au from 100.2m (White Light lode) (20MODD007) including;
      • 0.75m @ 203.3g/t Au from 100.2m
    • 0.7m @ 34.1g/t Au from 65.1m (Twilight lode) (20MODD007)
  • 12m @ 6.4g/t Au from 40m (Velvet lode) (20MORC063)

Musgrave Minerals Ltd (ASX: MGV) (“Musgrave” or “the Company”) is pleased to report assay results for a further five reverse circulation (“RC”) drill holes and the first five diamond drill holes from the current program at the new Starlight gold discovery at Break of Day. Drilling continues to confirm the high-grade nature of the Starlight and White Light gold discoveries. Starlight remains open down dip where drilling is continuing. All intercepts reported in the current drilling program are outside the
existing Break of Day resource estimate.

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 (Figure 1). 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.

Musgrave Managing Director Rob Waugh said: “Starlight continues to produce stunning gold results in near-surface drilling. 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 midAugust.”

About Musgrave Minerals
Musgrave Minerals Limited is an active Australian gold and base metals explorer. The Cue Project in the Murchison region of Western Australia is an advanced gold and copper project. Musgrave has had significant exploration success at Cue with the ongoing focus on increasing the gold and copper resources through discovery and extensional drilling to underpin studies that will demonstrate a viable path to development in the near term.  Musgrave also holds a large exploration tenement package in the Ni-Cu-Co prospective Musgrave Province in South Australia.

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