Musgrave Minerals uncovers more high-grade gold at Break of Day

Musgrave Minerals ASX MGV Link-lode Break of Day gold drilling
Latest assays from Musgrave Minerals’ Break of Day deposit include 6m at 81.7g/t gold.

Musgrave Minerals’ (ASX: MGV) Break of Day deposit has offered up more good news for the company, with drilling confirming the high-grade link lode discovery, and returning up to 81.7 grams per tonne gold from the Twilight zone.

Part of Musgrave’s Cue gold project in Western Australia, drilling at Break of Day has focused on the high-grade link lode and previously untested parts of the Twilight lode, which are also outside of the current resource.

The drilling program comprised 13 holes for 2,490m, with assays from the first five holes now at hand.

Notable results were 6m at 51.7g/t gold from 228m down hole within the link lode, plus 6m at 81.7g/t gold from 72m down hole, and 18m at 3g/t gold from 18m at Twilight.

Musgrave’s managing director Rob Waugh said it was a “fantastic result” and confirmed the discovery of the high-grade link lode at Break of Day.

“It also extends the Twilight lode and with further drilling, we are confident we can significantly grow the high-grade Break of Day resource.”

“This discovery also verifies a new target model for future drilling to test for additional discoveries in the region,” he said.

Break of Day

Break of Day has a current resource of 868,000 tonnes at 7.2g/t gold for 199,000 ounces. The resource makes up part of the wider Cue project which has resources totalling 6.45Mt at 3g/t gold for 613,000oz.

The new link lode was discovered in December last year when the company reported drilling had hit a “link” position that joined the two main gold lodes at the deposit.

Better results from the discovery in December were 45m at 11.8g/t gold from 144m and 23m at 16.2g/t gold from 166.

Mineralisation at the link-lode also remains open in all directions.

Assays from the remaining eight holes of the current program are expected before the end of March.

“We have yet to define the limits of this new link-lode and there are opportunities to find others in the Break of Day-Lena area,” Mr Waugh said.

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