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Musgrave makes another ‘bonanza’ grade gold discovery in the Murchison
Mining
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Everything Musgrave touches turns to gold (literally!). The company has reported a ‘bonanza’ 898g/t gold intercept as close as just 49m from surface at its Big Sky prospect in Western Australia.
Musgrave Minerals (ASX:MGV) has unearthed yet another near-surface, extremely high-grade gold intercept at its Big Sky Prospect on its Cue Project in the highly fertile Murchison region of Western Australia, while also identifying new gold mineralisation in a footwall dolerite which is open and untested along strike.
Recent drilling delivered an intersection of 28m at 35.9 grams per tonne (g/t) gold, including 1m at 898g/t, from just 49m at Big Sky. Coarse visible gold was identified in the logged sample.
Musgrave says it has also identified a new high-grade gold position within the footwall at Big Sky.
“This is a very good result and highlights the high-grade potential at Big Sky over the broader 2.6km of strike,” managing director Rob Waugh said.
“It is unusual on the Yilgarn to see such coarse gold in RC drill chips. It validates our belief that there are high-grade zones within the Big Sky trend.”
Notable results returned from drilling into the footwall zone were 7m at 8.6g/t gold from 43m, including 1m at 55.2g/t from 44m; 3m at 13.2g/t gold from 3m; 2m at 6g/t from 94m; 6m at 3.6g/t from 24m; and 2m at 12.0g/t from 110m.
Several of the new high-grade gold intersections came from within a newly identified dolerite-hosted zone in the footwall, which Waugh said could be the southern extension of the same dolerite unit identified to the north on the JV ground with Evolution Mining (ASX:EVN).
“Gold can be hosted in many different rock types on the Yilgarn but dolerites are one of the most prolific host lithologies for large deposits,” Waugh explained.
Musgrave plans to test this new mineralised target zone over an extended strike extent of more than 5km in a separate 9,000m aircore drilling campaign.
Resource definition drilling is continuing at Big Sky in tandem with infill drilling at Target 14 and reverse circulation drill testing of new Starlight-type targets along the Break of Day trend.
“We are drilling full steam ahead to deliver a maiden resource for Big Sky in Q2 2022,” Waugh said.
This article was developed in collaboration with Musgrave Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
