Gold explorer Musgrave Minerals Ltd (ASX: MGV) confirmed recent high-grade gold results from the Starlight and Twilight lodes, obtained from the assays from 1 metre re-samples of 6 metres composites at Break of Day. Over a strike length of more than 100 metres, the high-grade Starlight link-lode mineralisation is confirmed with the high-grade mineralisation remaining open to the west and down dip.
The company has scheduled commencement of an additional follow-up RC drilling of the Starlight Link-Lode in early May. Twilight lode at the Break of Day is further extended 100 metres to the south by the drilling which is beyond the existing resource boundary.
MGV soared ~13% on ASX to $0.130 with the release of significant update.