FinTechFunding

Musgrave Minerals: Receives strong assay results from Cue

  • Musgrave Minerals (MGV) has received further strong assay results from its Cue Gold Project in Western Australia
  • In late 2020, 445 aircore holes were drilled over 25 targets to identify the potential for near-surface, high-grade gold mineralisation
  • Follow-up drilling at Target 5 both confirmed and extended the gold anomalism along strike to over 120 metres
  • Of the results received, grades have peaked at 10.62g/t gold
  • Anomalous gold was also identified at five other targets and further aircore drilling will begin in February to define the extents of the mineralisation
  • Musgrave is up 2.67 per cent on the market and shares are trading at 38.5 cents
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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