Musgrave Continues to Witness Bonanza gold grades at Starlight; Stock soars 13%

  • Jul 28, 2020 AEST
  • Team Kalkine

Australian gold explorer, Musgrave Minerals Limited (ASX: MGV) has announced robust assay results for a further five reverse circulation drill holes and the first five diamond drill holes at the new Starlight discovery at Break of Day. 

Drilling continues to deliver impressive gold-results in the near-surface drilling at Starlight and While Light lodes.

Musgrave is carrying the drilling program at Starlight with a focus on infilling and extending the high-grade gold mineralisation at depth and finalising a JORC resource update by Q3 2020.

The Company will continue with the testing of new lodes within the mineralised corridor of Break of Day/Lena, with a third drill rig scheduled to commence on the 100% owned grounds of the Company in mid-August. 

Following the significant update, MGV stock edged up by 13% to $0.780 (at 12:11 PM).

 


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