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Musgrave Minerals Ltd (ASX:MGV) High-grade Gold Intersected in First RC Holes at White Heat
High-grade Gold Intersected in First RC Holes at White HeatPerth, Feb 1, 2021 AEST (ABN Newswire) - Musgrave Minerals Ltd ( FRA:6MU) is pleased to report strong reverse circulation ( RC ) assay results from the newly discovered White Heat prospect on its 100% owned ground at its flagship Cue Gold Project in Western Australia s Murchison district (Figure 1 ). Musgrave Managing Director Rob Waugh said: This is a great result from the first four RC holes at the new White Heat prospect and demonstrates the exploration upside of the tenement package. The gold is high-grade and near surface but masked from previous explorers by 2-3m of transported hardpan clays. Drilling is ongoing at White Heat which is only 400m south of the new Starlight lode. ....
Musgrave Minerals Ltd (ASX:MGV) New Basement Gold Targets Defined on Evolution JV, Cue
New basement gold targets defined on Evolution JV, CuePerth, Jan 27, 2021 AEST (ABN Newswire) - Musgrave Minerals Ltd ( FRA:6MU) is pleased to report further assay results (Table 1a ) from the recent regional scout aircore 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 continue to strengthen Musgrave s exploration model for a large gold system beneath Lake Austin. The aircore drilling has generated multiple high-priority basement gold targets for follow-up diamond drill testing which is scheduled to commence in early February. ....
Musgrave Minerals Ltd (ASX:MGV) Share Purchase Plan Closes Early
FRA:6MU) is pleased to advise that the Share Purchase Plan (SPP) which opened on 18 December 2020 has now exceeded the targeted raising amount of $2 million with subscriptions received to date in excess of $3.2 million (subject to final reconciliation). The support for the SPP follows the successful completion of Musgrave s placement (Placement) which raised $16 million, as announced by the Company on 14 December 2020. In light of the positive early response to the SPP by Musgrave Shareholders, the directors of the Company (Directors) have resolved to close the SPP today, in accordance with the terms of the SPP. ....