Ann: More High Grade Gold at Break of Day,SLR-MGV.AX, page-5

More High Grade Gold at Break of Day  Follow-up RC drilling at Break of Day intersects high grade gold mineralisation: o 6m @ 12.8g/t Au from 158m down hole including; o 3m @ 24.3g/t Au  Intersection occurs approximately 40m down dip from high grade intersection of 2m @ 22.0g/t gold and the mineralisation remains open down dip and down plunge  Further drilling will focus on defining the strike continuity of the high grade mineralisation  Assays awaited from further drilling at Hollandaire and Mt Eelya Musgrave Minerals Ltd (“Musgrave” or “the Company”) (ASX: MGV) is pleased to advise that high grade gold has been intersected in follow-up reverse circulation (“RC”) drilling at the Break of Day prospect in the Moyagee area on the Cue Project in the Murchison region of Western Australia (Figure 1). Assay results have been received for the first drill hole in the program (16MORC004) and returned 6m @ 12.8g/t gold from 158m to 164m down hole including 3m @ 24.3g/t gold from 158m (Table 1). The drill hole was targeting the extension of high grade gold intersected in MORC001 (2m @ 22g/t) and successfully demonstrates the continuity of the mineralisation which remains open at depth. Sampling was undertaken on one metre intervals in visible quartz loads and four metre composites outside these zones. Musgrave Managing Director Rob Waugh said, “This is a great follow-up result and confirms the high grade