Australian yellow metal explorer, Musgrave Minerals Limited (ASX: MGV) intersected exciting gold grade in the near-surface drilling for a further seven reverse circulation (RC) drill holes at the new Starlight Link-Lode at Break of Day Deposit. The intercepts include 18m @ 179.4g/t Au along with other significant results.
Post the significant update, MGV soared 30% on ASX (12:32 PM AEST).
While the intersections in all drill holes sit outside, they lie in close proximity to the current resource at Break of Day. Mineralisation remains open down plunge and along strike (east and west) below 100 metres depth.
RC drilling is ongoing, and the diamond drilling will commence at Starlight this week.