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MGVMF (Musgrave Minerals Limited) is no longer actively trading.
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Musgrave Minerals Limited is an Australian firm dedicated to the exploration and advancement of mineral resources. Its primary focus is on discovering deposits rich in silver, gold, copper, and nickel. A key undertaking for the company is the Cue Project, located within the Murchison Province of Western Australia. Established in 2010, the company's main office is situated in West Perth, Australia.
(Kitco News) - In a statement, Musgrave said it still needs to review the offer.
Musgrave Minerals Ltd (ASX:MGV, OTC:MGVMF) appears to be sitting on a bonanza with assays from the newly discovered Mosaic target south of White Heat within the flagship Cue Project in Western Australia returning bonanza-grade results and driving share prices higher. Results from Mosaic include 9 metres at 110.5 g/t gold from 42 metres and 3 metres at 307.3 g/t from 45 metres in hole 21MORC414 and 2.8 metres at 122.2 g/t from 72 metres, including 0.8 metres at 381 g/t from 74 metres in 21MODD041.
Musgrave Minerals Ltd (ASX:MGV, OTC:MGVMF) has been given a strong indication of the upside potential of the Cue Joint Venture over Lake Austin in Western Australia's Murchison district with partner Evolution Mining Ltd (ASX:EVN) assuming management of the JV and increasing the exploration budget. Evolution elected to increase the budget for the second half of FY22 to at least $8 million from $5 million following strong diamond results of up to 4.26 metres at 41.5 g/t gold from 160.74 metres and aircore results up to 34 metres at 0.64 g/t from 124 metres.
Musgrave Minerals Ltd (ASX:MGV, OTC:MGVMF) has doubled down on a new, high-grade gold trend during a regional reverse circulation (RC) drilling campaign at the flagship Cue Gold Project in Western Australia. The exploration program, undertaken to the west of Cue's starring Break of Day deposit, pinpointed what's now known as the Waratah trend and intersected as much as 53.2 g/t gold.
Musgrave Minerals Ltd (ASX:MGV, OTC:MGVMF) has made more progress toward a mineral resource estimate for Big Sky prospect within the Cue Gold Project in Western Australia's Murchison district, intersecting multiple high-grade gold hits in reverse circulation (RC) resource drilling. The company also recently defined a large new gold corridor along strike from the main Big Sky deposit and received very high-grade hits from drilling at White Heat deposit, which it is now following up with more RC drilling.