Musgrave Intersects Near-Surface High Grade Gold Mineralisation At Starlight Discovery

  • Jun 03, 2020 AEST
  • Team Kalkine

Musgrave Minerals Limited (ASX: MGV) witnessed impressive assay results for the first twelve reverse circulation (RC) drill holes at the Cue Project’s Starlight link-lode located at the Break of Day deposit.

Post significant update, MGV stock edged up by 57% during early morning trade.

The intercepts include:

  • 12m @ 112.9g/t Au from 36m (20MORC033) including 6m @ 143.0g/t Au from 42m
  • 48m @ 4.4g/t Au from 30m (20MORC032) including 4m @ 41.8g/t Au from 30m and 2m @ 13.5g/t Au from 76m
  • 7m @ 13.7g/t Au from 114m (20MORC025) including 4m @ 22.9g/t Au from 116m
  • 6m @ 5.7g/t Au from 81m (20MORC021)
  • 6m @ 5.2g/t Au from 176m (20MORC022)

The mineralisation is confirmed over a strike of more than 115 metres which remains open down dip. All the drill intersections sit outside, but near the current resource at Break of Day.

While the RC drilling is ongoing, MGV is expected to commence diamond drilling at Starlight next week.


The website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. All pictures are copyright to their respective owner(s). does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK