MGV 2.74% 35.5¢ musgrave minerals limited

Ann: Resource Estimate Exceeds 350koz Gold, page-8

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  1. 11,185 Posts.
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    Hi Guys,

    I've made another GoogleEarth video to highlight the exploration potential and the gold occurrences to the north of Lena-BOD. I noticed that the exploration potential map included in the latest announcement doesn't include the old Purple Rain prospect so I've overlaid an old company image to highlight its position. I've also noticed on the new map that gold anomalism >0.1g/t from RAB/AC drilling is highlighted in yellow and appears quite extensive. Given the extent of these areas its probably likely that more RAB/AC drilling has been done on this prospect than first meets the eye which means the company might be more advanced for follow up exploration than I had thought it might. Unfortunately unless the company hits some real screamer results like
    21m at 21.50g/t Au from 157m (including 6m at 41.40g/t [which includes 3m at 79.40g/t] and 3m at 51.80g/t )

    which we got at BOD in September last year it will be a slow road to success requiring more resource expansion drilling and hopefully some searching beyond the current sphere of interest to add new resources into the mix. Esh

 
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