Musgrave Mineral’s Regional Exploration Program Hits More High-grade Gold

November 04, 2020 11:44 AM AEDT
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Musgrave Minerals Limited (ASX: MGV) has announced assay results for additional 56 aircore/reverse circulation (RC) drill holes from the regional exploration program underway at its flagship Cue Gold Project.

The program is targeting Starlight analogues at Cue and has intersected high-grade gold at Target 9 (Leviticus), which lies 1.8km south of Break of Day. Single north-south aircore/RC traverse across the Leviticus target intersected two separate zones of robust mineralisation

While aircore/RC traverses over 20 of the 25 planned targets have been completed, assays for the first 12 traverses have been received.

Drill testing of additional Starlight analogue targets within the belt and follow-up drilling at Targets 2 and 9 is currently ongoing.

Following the update, MGV shares zoomed by ~6%, trading at $0.540 (11:25 AM AEST).

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