MGV 2.74% 35.5¢ musgrave minerals limited

Ann: Musgrave Hits 11m @ 54.0g/t at Break of Day, page-35

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  1. 11,185 Posts.
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    Just on the move now so can't do much, but I've just checked historic announcements to see which lodes those two historic intersections up plunge of this new intersection are located on.

    The intersection in hole #44 is also located on the Twilight lode and the one in hole #50 is located on the Velvet lode but the Twilight lode and the Velvet lode are shown to converge and are very  close to one another near that intersection according to the company's interpretation.

    When I have time I'll pull out the old sections from these announcements and we can see how much room there is to squeeze in more gold on what I think is turning into a continuos to semi-continuous high grade plunging shoot, with now reasonable down plunge continuity for at least 85m or maybe more (I need to check the drilling up plunge of hole #44).

    I think for mining purposes the intersection on the Velvet lode in hole #50 is close enough to the Twilight lode so as to be able to ignore the fact the it occurs on the other lode. The horizontal separation between these lodes at this point is between 10 and 20m only.

    What's more I noticed that where the two loads converge near the Velvet load intersection in hole #50 ([email protected]/t) there  is another intersection on the Twilight lode grading [email protected]/t and only 15-20 vertical metres above it. Also one deeper hole has been drilled on this section which intersected both lodes about 150m vertically lower. This hole returned a thin high grade intersection on the Twilight lode of [email protected]/t and a less high grade intersection on the Velvet lode of [email protected]/t.

    There is significant room I think on this section to expand the height of the plunging shoot with thicker high grade  intersections.

    Then we have the down plunge drilling (assays awaited) that could expand the plunge of this shoot by over 100m (as mentioned before). If we hit with that deeper hole that's starting to give this shoot some good scale, and it will remain open to drill at depth and down plunge (plus infill). Esh
 
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