Musgrave Minerals (ASX:MGV) Reports Break of Day High-Grade Mineral Resource Estimate

  • November 11, 2020 12:21 PM AEDT
  • Team Kalkine

Musgrave Minerals Limited (ASX: MGV) has announced a significant resource update at its 100% owned Break of Day gold deposit on the Company’s flagship WA-based Cue Gold Project. 

Gold MTF non-AMP

The update comes post the completion of a further 30,000m of infill and extensional drilling at Break of Day along with a re-interpretation of the mineralised lodes.

The Mineral Resource (Indic  ated and Inferred) estimate at Break of Day now stands at 797kt @ 10.2g/t gold for 262,000 ounces of contained gold, including Starlight and White Light lodes together hosting 360kt @ 13.9g/t gold for 161,000 ounces of contained gold. 

The updated Break of Day resource delivers a 42% increase in gold grade to 10.2g/t Au, 58% increase in Indicated Resources to 175,900 ounces gold and 31% increase in total contained gold ounces. 

Musgrave is continuing the successful regional drilling program with a focus on defining further high-grade, near-surface gold deposits to expand the resource base. 

Musgrave shared traded at $0.440 during early trade hours on 11 November 2020.

 

 


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