Announcement came through this morning from MGV : "Strong Gold...

Announcement came through this morning from MGV :

"Strong Gold Results continue at Break of Day"

Post : http://hotcopper.com.au/posts/19736072/single

Thread : http://hotcopper.com.au/threads/ann...-at-break-of-day-mgv-ax.2952770/#.V_rE5vTBPng


The Cue Project (“The Project”) is a Farm-In and Joint Venture Agreement with Silver Lake Resources
Limited (“Silver Lake”) (ASX: SLR) where Musgrave can earn up to an 80% interest.

MGV are reporting further strong array results from the current RC drilling program at Break of Day on the Cue Project.

Main points :

-RC drilling has intersected the thickest high grade gold interval to date at Break of Day

-Significant results from the latest assays received include:

Further assays from hole 16MORC026:
- 13m @ 15.6g/t Au from 165m down hole, including;
   - 1m @ 32.6g/t Au from 166m down hole, and
   - 3m @ 51.8g/t Au from 170m down hole

These results extend the high grade interval in 16MORC026 to:
- 21m @ 21.5g/t Au from 157m down hole

Other significant assays include;
- 3m @ 38.6g/t Au from 274m down hole in 16MORC039,   including;
- 1m @ 100.5g/t Au from 275m down hole

- 2m @ 16.2g/t Au from 196m down hole in an extension to drill hole 16MORC010

- The mineralisation is open along strike to the north and down plunge

The drilling program has been extended by a further 2,000m

- 5,600m of drilling has been completed to date and further assays are expected in the coming weeks