Musgrave Minerals (ASX: MGV) makes strong gold recoveries at Cue Gold Project

December 16, 2022 01:12 PM AEDT | By Team Kalkine Media

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Musgrave Minerals (ASX: MGV) makes strong gold recoveries at Cue Gold Project — Image source: MGV update

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Highlights:

Musgrave Minerals receives mining leases for the Big Sky and White Heat prospects at the Cue Gold Project.

Results of composite samples from both the prospects confirm strong total gold recoveries.

Stage 1 Pre-Feasibility Study at the Cue Gold Project expected to be completed in late Q1 2023.

In a significant development, Australia-based gold and base metal explorer Musgrave Minerals Ltd. (ASX: MGV) has received initial metallurgical test work results from master composite samples for the White Heat-Mosaic and Big Sky deposits, on the Company’s 100% owned ground at the Cue Gold Project.

The Company was able to recover 93-99% gold using conventional gravity and cyanide leach tests.

Further, Musgrave also announced that Big Sky and White Heat prospects at Cue Gold Project have received mining leases, covering all target areas of Stage 1 Pre-Feasibility studies.

Musgrave also completed reverse circulation at Waratah, Amarillo and new regional targets with assay results expected in second half of January 2023.

Shares of MGV were trading at AU$ 0.200 in the early hours of 16 December 2022.

More to come…

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