MGV 2.74% 35.5¢ musgrave minerals limited

Ann: Break of Day Still Open at Depth, page-3

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  1. 978 Posts.
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    What were you expecting Wonder?
    Gold in the drill holes and open at depth - more drilling planned..
    Share price down today so the market agrees with you - however this announcement is still progressing a good story.
    Cheers,
    Andy

    Break of Day Still Open at Depth
    • Extensional drilling at Break of Day confirms mineralisation continues for at least 140m below the current resource envelope and remains open at depth. Intersections include:
    o 1.8m @ 4.5g/t Au from 333.0m (18MODD002) and;
    o 16.3m @ 1.2g/t Au from 258.7m (18MODD004), including 
    0.7m @ 9.9g/t Au from 258.7m
    • Aircore drilling program testing 10 new gravity targets including Lake Austin North and West Island commencing in three weeks o Shallow historical regolith aircore drilling has intersected:
    • 4m @ 8.1g/t Au (MOAC153) at Lake Austin North within a 1km long gold anomaly
    • 4m @ 2.7g/t Au (MAC334) at West Island • No basement follow-up drilling undertaken to date
    • Development studies are progressing on Break of Day and Lena to evaluate options to optimise cash flow and maximise shareholder returns
 
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