Musgrave Minerals Ltd. reported further assay results from diamond and aircore drilling programs on the Cue Joint Venture with Evolution Mining Ltd. in Western Australia's Murchison district. Diamond drilling (completed by Evolution) at the West Island prospect, approximately 6km north of Break of Day, continues to intersect potential ore grade intersections within a basement dolerite host unit. The West Island prospect is approximately 1.6km long and part of a broad regional 7km- long anomalous gold corridor within the joint venture.

Regional scale aircore drilling is continuing to identify new regolith gold anomalies in areas of no previous drilling. Evolution drilled a total of 9 diamond holes for 4,699m are reported in this release from the West Island prospect. The drilling program is targeting the key mineralised gold lodes to determine the scale of the mineral system at West Island.

The mineralised lodes are interpreted as a series of stacked shears and veins, with associated high-grade splays. The drilling program currently underway will further investigate the potential for these stacked lodes. Significant new diamond drill core intercepts at West Island include: 1.9m @ 34.3g/t Au from 461.0m (22CUDD011), and 8.1m @ 3.7g/t Au from 563.9m (22CUDD011); 6.0m @ 6.4g/t Au from 385.5m (22CUDD012); 1.0m @ 74.2g/t Au from 410.0m (22CUDD016), and 12.4m @ 3.8g/t Au from 373.6m (22CUDD016), and 3.0m @ 5.7g/t Au from 186.4m (22CUDD016), and 1.3m @ 9.0g/t Au from 467m (22CUDD016).

Evolution drilled a total of 117 aircore drill holes for approximately 14,191m are reported in this release. The drilling intersected the favourable host dolerite unit along strike from the West Island prospect with anomalous gold results in a number of new areas to the north. All significant new aircore drill assay results are presented in full in Table 2a with hole collar information in Table 2b.

The most significant new aircore results include: 2m @ 1.66g/t Au from 178m to end of hole (22CUAC0226) in weathered dolerite 4m @ 5.12g/t Au from 172m (22CUAC0245) in coarse gravels (quartz and altered dolerite pebbles) at the base of transported cover. In October 2019, Musgrave entered an Earn-In and Joint Venture Exploration Agreement with. Evolution Mining Limited over a large area of Lake Austin and surrounds on the Cue Project in the Murchison District of Western Australia.