Musgrave Minerals has started drilling at the company’s flagship Cue project in Western Australia’s Murchison district.
Musgrave Minerals announced that drilling has commenced as part of the recently signed Evolution Mining Earn-in and Exploration Joint Venture at the company’s flagship Cue project in Western Australia’s Murchison district.
Musgrave Managing Director Rob Waugh said: “It’s a great result to be drilling these new targets at Lake Austin North so soon after signing the joint venture with Evolution. Evolution has a strong commitment to the project which is illustrated by an initial JV budget of $2 million for the remainder of the 2019-20 financial year. The rapid progress to this point is a strong endorsement of Evolution’s commitment to the project and to making new discoveries.”
The diamond drilling at Lake Austin North will follow-up significant aircore geochemical regolith gold anomalies.
The Company believes there is significant potential to extend existing mineralisation and discover new gold deposits within the Project area.