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Musgrave finds new high-grade trend at Cue

OreCorp

Musgrave Minerals has reported strong assay results from reverse circulation (RC) drilling at two areas of its flagship Cue Gold Project in Western Australia’s Murchison district.

The two areas are on Musgrave’s 100 per cent owned ground at Cue; the Amarillo Prospect (previously Target 14) west of Break of Day and additional gold mineralisation was identified along a new zone, the Waratah zone, 400m east of Break of Day.

Significant intersections at Waratah include 2m at 28.1 gram per tonne (g/t) gold from 78m including 1m at 53.2g/t gold from 78m, and 2m at 6.1g/t gold from 87m.

Follow-up RC drilling at Amarillo, 1.2km south-west of Break of Day returns high-grade gold, including 9m at 8.7g/t gold from 44m including 2m at 35.1g/t gold from 51m, and 3m at 11.3g/t gold from 45m.

“These are further strong results and support the upside prospectivity of the Cue Project. We continue to define new targets and hit new mineralised zones,” Musgrave managing director Rob Waugh said.

“The new Waratah zone is only 400m east of Break of Day. All new intersections sit outside the mineral resource estimates and the drill spacing is still very broad at approximately 200m with further infill required.

“The results show that exploration continues to identify strong gold mineralisation in previously untested and poorly tested areas as demonstrated by the newly identified near-surface high-grade Waratah gold trend east of Break of Day.”

The new gold mineralisation is near the surface, defined in three prospective zones and remains open down dip.

A program of RC drilling at the new high-grade zone named the Mosaic Lode, where previous drilling intersected 15m at 111.6g/t gold south of White Heat, has been completed with assays due early February.

In addition, Musgrave is continuing to define further high-grade gold in the regolith at the Amarillo Prospect with additional follow-up drilling to continue around 10 January 2022.

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