Musgrave Minerals iis pleased to advise that it has identified a new untested gold target named Purple Rain only 2km south-west of the Break of Day high grade gold prospect at the Cue Project in the Murchison region of Western Australia.
Highlights:
New untested gold target (Purple Rain) only 2km south-east of Break of Day
Historical RAB drilling intersected:
2m @ 8.02g/t Au from 29m down hole within broader interval of 6m @ 3.25g/t Au in MRB1559; and
5m @ 0.44g/t Au from 39m down hole in MRB1560
Intersections in area of shallow alluvial cover with no follow-up or basement drilling undertaken on the target to date
Follow-up drilling at Break of Day and Purple Rain is scheduled to commence in late July
The new target was identified through analysis of historical data. Two anomalous rotary air blast (RAB) drill holes approximately 25m apart are highly anomalous in gold. Drill hole MRB1559 intersected 6m @ 3.25g/t Au from 28m down hole including a high grade zone of 2m @ 8.02g/t Au from 29m down hole.
A second drill hole (MRB1560) 25m to the south-east intersected 5m @ 0.44g/t Au from 39m down hole and ended in mineralisation at 44m. Both intersections are in the weathered zone. No follow-up or basement drilling has been undertaken on the target to date.
The gold mineralisation is in an area of thin alluvial cover (3 to 6 metres) making surface geochemistry ineffective, and is open for a strike extent of up to 800m. Historical geological logging suggests the mineralisation is associated with quartz veining and hosted within a mafic/sedimentary Archaean sequence.
Musgrave Managing Director Rob Waugh said, “This is another indication of the excellent gold potential of our Cue Project. The historical intersection at Purple Rain is very similar in grade to that seen in the weathered zone at Break of Day. We look forward to being able to drill test this new target.”
Follow-up drilling at Break of Day and Purple Rain is scheduled to commence in late July.