MGV 2.74% 35.5¢ musgrave minerals limited

If you drill all those holes and the best you come up with is 11...

  1. 321 Posts.
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    If you drill all those holes and the best you come up with is 11 metres at 54 gm/t that is still a pretty successful drilling program. We now seem to know that the new shoot likely thickens at depth and that will be the focus of the late October drilling program. just have to wait I guess for more drilling, more assays and another CR. Oh well not the worst of possible outcomes. The company hopes to double the Moyagee resource over the next 18 months, not sure I can wait that long!

    What appeared to be interesting is the potential now for a combined Lena Break of Day open pit.

    Also interesting was comment which I think has been made before that the mineralised structure can be interpreted from magnetics to extend for over 20 kms with considerable upside to discover additional high-grade deposits along its length.

    Perhaps what Musgrave needs to do now is find a cashed up partner to help quicken the scope and pace of drilling.
 
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