Musgrave Minerals Limited announced further strong assay results from regional aircore drilling across numerous targets on its 100% owned ground at its Cue Gold Project in Western Australia's Murchison district. Follow-up drilling at Target 5 confirmed and extended the gold anomalism along strike to over 120m. Two parallel zones of gold mineralisation are interpreted from early drilling with both zones open along strike to the north and south. New intercepts from 6m composite samples include: 6m @ 10.62g/t Au from 30m (20MUAC397); 6m @ 5.23g/t Au from 24m (20MUAC412) within a broader interval of: 18m @ 1.97g/t Au from 24m to EOH; 6m @ 4.56g/t Au from 36m to EOH (20MUAC407); 6m @ 3.24g/t Au from 36m to EOH (20MUAC396); 30m @ 1.10g/t Au from 12m to EOH (20MUAC402); and 18m @ 1.15g/t Au from surface (20MUAC403). Many of the drill holes ended in mineralisation so the extent of the gold intersections are not fully defined and further drilling will be completed as a priority. The mineralisation is hosted within a combination of felsic schists, porphyry and basalts. The level of anomalism and the multiple end-of-hole intercepts is extremely encouraging. There is also no drilling for 500m to the south of Target 5 towards Target 20 and no drilling to the north for >2.5km to Target 14. Further extensional follow-up aircore drilling is planned for February with reverse circulation follow-up basement drilling beneath the current intercepts scheduled for late January. Follow-up drilling at Target 14 has confirmed the regolith gold anomalism over a strike length of approximately 2.8km were it remains open to the south. New intercepts from 6m composite samples include: 12m @ 1.36g/t Au from 18m (20MUAC387); and 6m @ 1.02g/t Au from 36m to EOH (20MUAC391). Follow-up drilling at Target 20 has extended the near surface gold anomalism along strike for 140m where it remains open both north (for 500m) and south (for 1.5km). New intercepts from 6m composite samples include: 12m @ 1.36g/t Au from 18m (20MUAC387) 6m @ 1.02g/t Au from 36m to EOH (20MUAC391) 24m @ 0.66g/t Au from 12m (20MUAC395)­ end of drill traverse, open to south-west. Additional anomalous gold results have been identified at targets 25, 21, 18, 17 and 4. Further aircore drilling to define the extents of the gold anomalism will commence in February. No significant gold anomalism was identified in the aircore drilling on the new targets at Mainland.