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Regis Resources Limited (ASX: RRL) could push higher today after the gold price strengthened overnight. According to CNBC, the spot gold price is up 0.4% to US$1,770.70 an ounce. Despite this gain, the precious metal had its worst month in more than four years due to a hawkish US Federal Reserve.
Telstra given buy rating
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Telstra Corporation Ltd(ASX: TLS) share price jumped on Wednesday after announcing the sale of its tower assets. Analysts at Goldman Sachs have responded to the news by reiterating their buy rating and $4.20 price target on its shares. Goldman notes that Telstra received more than it was expecting for the assets.
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Musgrave Minerals highlights strong basement gold mineralisation at West Island
Musgrave Minerals Ltd s (ASX:MGV) Rob Waugh tells Proactive they ve intersected high-grade basement gold mineralisation during diamond drilling at the West Island target of the Lake Austin joint venture with Evolution Mining Ltd (ASX:EVN) in Western Australia s Murchison district. To follow up on the initial results and West Island’s potential, Evolution has committed a further $5 million to exploration across the JV ground over the next 12 months.
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Musgrave Minerals Ltd (ASX:MGV) High-grade Gold in Basement at West Island - EVN Cue JV
High-grade Gold in Basement at West Island - EVN Cue JVPerth, June 30, 2021 AEST (ABN Newswire) - Musgrave Minerals Ltd (
FRA:6MU) is pleased to report assay results from the recent diamond drilling program on the Cue Joint Venture over Lake Austin with Evolution Mining Ltd ( Evolution ) in Western Australia s Murchison district (Figure 1 ). The results have identified strong basement gold mineralisation at the West Island prospect. The gold intersections are over a 400m strike length below a strong regolith gold anomaly under Lake Austin. The mineralisation is hosted within a differentiated dolerite unit, similar to that hosting the high-grade Great Fingall and Golden Crown deposits 25km to the north of West Island at Cue.
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