Musgrave Minerals discovers new gold lode White Light, 75m south of Starlight

  • Jun 29, 2020 AEST
  • Team Kalkine

Australian gold explorer, Musgrave Minerals Limited (ASX: MGV) identified a second high-grade lode named “White Light” striking parallel to the Starlight lode and lying ~75 metres to the south.

RC drilling confirmed the new lode with intercepts aligning with several historical isolated gold intersections over a strike extent of over 100 metres.

For previously reported intersections at Starlight based on 6-metre composites, Musgrave has received assays for 1-metre individual samples, which confirms high-grade gold results at Starlight.

Meanwhile, the company has received significant RC drill intercepts from the new White Light and Starlight (further 12 RC drill holes).

Both the new White Light and Starlight lodes remain open to the southeast and down dip where drilling continues.

MGV traded at $0.485 on 29 June 2020 (12:55 PM AEST).

 


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