Gold Intersected at New Joshua Target, Cue Gold Project, WA •...

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Gold Intersected at New Joshua Target,
Cue Gold Project, WA
• First aircore drill hole at the new Joshua target intersects 6m @ 3.9g/t Au from 54m down hole
• The gold mineralisation is open to the north, south and at depth and is within a 450m long gold-in-soil surface geochemical anomaly
• Follow-up drilling is planned as part of the current drill program
• Cue Project receives $150,000 co-funded EIS drilling grant
Musgrave Minerals Ltd (ASX: MGV) ("Musgrave" or "the Company") is pleased to report further assay results from the current regional aircore/reverse circulation ("RC") drilling program to test 10 new high priority gold targets at the Company’s flagship Cue Project in Western Australia’s Murchison district (Figure 1).
The first drill hole into the new Joshua gold target approximately 4.7km south of the high-grade Break of Day deposit, intersected 6m @ 3.9g/t Au from 54m down hole in a moderately weathered, sheared mafic with stringer quartz veining (Figure 2). The sample is a six metre composite with one metre samples currently being collected and submitted for individual assay.
The gold mineralisation is open to the north, south and at depth and is within a 450m-long gold-in-soil, surface geochemical anomaly (Figure 3) along the Break of Day/Lena shear corridor. Follow-up drilling is planned at Joshua as part of the current drilling program.
Musgrave Managing Director Rob Waugh said "This intersection from Joshua is an excellent result from a first pass, shallow drill test and will be followed up with additional drilling. The target is open for more than 200m, both north and south and is on the same mineralised trend as Break of Day and Lena."
"To date, results from this regional program have been exceptional with new gold mineralisation identified at Joshua, Lena North, Break of Day North and Lake Austin North. The program highlights the potential of the Cue Project to host further gold deposits within this very prospective and well-endowed region with good infrastructure and numerous operating gold plants. Drilling is continuing and we look forward to completing the remainder of the drill program and reporting further results as they are received."