MGV 2.74% 35.5¢ musgrave minerals limited

Ann: Lake Austin Nth target continues to deliver strong results, page-4

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  1. 11,185 Posts.
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    More holes ending in mineralisation at Lake Austin but the mineralisation won't make it over the line at that grade and that depth IMO.

    What lies below the current depth of drilling (which seems limited by the drill rig they are using) is what will make or break this prospect IMO. Need to cross fingers for good grades and widths in the August campaign when they bring a real drill rig to the party.

    Also noticed from the somewhat hard to see background satellite photo in Fig2 that the real "frogs leg" areas in the lake system have been avoided. It looks like they have only drilled where relatively easy assess was available.

    This still has potential for becoming a company maker if they can strike grade at depth, as the footprint of the gold so far seems large particularly when it comes to width.

    If they can combine that width with some strike extent and grade at depth we have a winner. I'll be holding on to see what comes. Esh
 
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