Musgrave Strongly Positioned with Robust High-Grade Gold Portfolio

  • Jul 16, 2020 AEST
  • Team Kalkine

Australian gold explorer, Musgrave Minerals Limited (ASX: MGV) is targeting a major high-grade gold system and near-term production as it advances its exploration activities at the Cue Gold Project, which holds over 613koz JORC resources. 

Musgrave wholly retains Break of Day & Lena resource areas along with the Mainland. Multiple new high-priority gold targets have been received for the Evolution Joint-Venture under variable thickness dune and lake cover

The company witnessed the discovery of New Starlight and White Light at Break of Day deposit, which currently holds Indicated and Inferred resource of 868kt @ 7.2g/t Au for 199koz Au. Both the discoveries sit outside the existing Break of Day’s Resource. 

MGV, in late Q3 2020, has planned resource update for Starlight, while Drill testing of new targets is expected to commence mid-August.

MGV traded at $0.555, up 0.91% (as at 1:12 PM AEST).


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