ASX RELEASE 19 August 2020ASX: MGV
Starlight gold mineralisation extended
•RC drilling at Starlight continues to deliver strong gold intercepts including:
•12m @ 19.5g/t Au from 3m (20MORC085)
•8m @ 17.0g/t Au from 74m (20MORC071) in the main Starlight lode, including 2m @ 56.4g/t Au from 74m, and; •4m @ 16.1g/t Au from 149m (20MORC071) in a footwall position
•12m @ 9.4g/t Au from 129m (20MORC069) including; o5m @ 20.6g/t Au from 129m
•Diamond drilling at Starlight has returned intercepts including:
•5.6m @ 12.7g/t Au from 257.6m (20MODD010)
•4.7m @ 7.0g/t Au from 132.2m (20MODD009)
•The results confirm and extend the high-grade gold mineralisation at Starlight where it remains open down plunge
•Diamond drilling is continuing to test the depth extent of the Starlight lode below 250 vertical metres
•Additional RC drilling at White Light and on the Twilight and Velvet lodes near surface at Break of Day has also been completed with assays pending
•Regional drill testing of Starlight ‘like’ analogue targets within the belt has commenced
MGV Price at posting:
62.0¢ Sentiment: Buy Disclosure: Held