Musgrave’s March Quarter: Gold discoveries and Advancing Drill Activities

April 22, 2020 12:43 PM AEST
Team Kalkine

Musgrave Minerals Limited (ASX: MGV) has released quarterly activities update ending March 2020.

At Cue Gold project, MGV reported following key drilling updates:

Break of Day- Intersection of the high-grade gold at new Starlight Link-Lode via latest RC drilling
Lena- Increase in Mineral resource to 4.3Mt @ 2.3g/t gold for 325,000 ounces of contained gold; increasing Cue’s Total Mineral Resource to 6.45Mt @ 3.0g/t gold for 613,000 ounces of contained gold.
Evolution JV - Regional aircore drilling continued

Subsequent to the quarter, Musgrave sold 7.5 million Legend Mining Limited shares and exercised 10 million options for a net gain of $634k cash with a retained holding of 12.5 million Legend shares.

MGV traded at $ 0.115 (12:34 PM AEST).

Disclaimer

The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is 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. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on 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. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.