MGV 0.00% 39.0¢ musgrave minerals limited

Ann: Drilling hits high-grade gold at new target, page-22

  1. 4,750 Posts.
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    We are sitting in a very rich gold camp. MGV has confirmed resources that will be included in next JORC with lodes at Lena, Twilight, Velvet and "cross lode" at Starlight. That is 4 lodes. Now we have discoveries at White Light, New Lode and Target 2 Lode. This is a total of 7 lodes over a strike line that extends for about 550 meters.

    Every lode is open at depth, and some lodes are open along their individual strike lines, and is less than 5% of entire 100% owned Cue Project area. We have multiple opportunities to define further lodes that are oblique to the strike line such as Starlight and White Light, along strike such as Twilight and Velvet and parallel such as Lena.

    IMHO we are already pushing well into an upper range between 1-2 million high grade gold ounces from shallow resources, which remain open at depth. Good luck to all longs.


 
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