Musgrove Minerals Corp. (MGSGF: OTC Link) | Musgrove Minerals Reports Results and Update on Empire Mine Project

Musgrove Minerals Reports Results and Update on Empire Mine Project

Sep 22, 2011

OTC Disclosure News Service

Vancouver, BC, Canada –

September 21st, 2011 

TSX-V: MGS 

OTCQX: MGSGF 

Frankfurt: JL4M 

For immediate release 

MUSGROVE MINERALS REPORTS RESULTS AND UPDATE ON 

EMPIRE MINE PROJECT 

Vancouver, B.C. – Musgrove Minerals Corp. (“Musgrove” or the “Company”) (TSX.V: MGS) is pleased to report, it has completed 23 of the 32 planned In-fill RC-drill hole program with over 13,000 feet (4300 meters) drilled to date on the 100% owned Empire Mine Project located in the Alder Creek Mining District in Custer County, Idaho. 

Results for the first 14 holes have been received from ALS Minerals Group. These holes were drilled in the northern half of the mineralized zone. Highlights include: EM11-08 20ft of 1.24% Cu including 10ft of 34.90gm/T Ag, EM11-09 120ft of 0.60% Cu including 100ft of 26.63gm/T Ag and .0.64% Zn, EM11-02 90ft of 0.62% Cu. 

The 32 hole drill program completes the original 65 hole drill program outlined in the Company’s 43-101 technical report. In 2006 the Company drilled 33 holes (13,240ft), consisting of 5 NQ core and 28 RC at an incline of -45 degrees. The holes focused on the AP Pit area in the southern half of the mineralized body. The holes in the current infill drill program are -50 degrees which is approximately 85-87 degrees from the presumed attitude of the mineralization but the attitude of the mineralized zone is inconsistent and variable. True widths of the mineralized zones are variable and unknown. 

The highlights of the 2006 drill program include: 

77m (253ft) of 0.65% Cu and 25gm/T Ag, 

53m (174ft) of 1.37% Cu and 29.7 gm/T Ag, including, 9m (30ft) of 4.64 Cu and 126.6 gm/T Ag, 

98m (322ft) of .49% Cu, 12.7 gm/T Ag, including 9m 2.28% Cu, 58.5 Gm/T Ag, 

49m (161ft) 34% Cu, 1.39 gm/T Au, including 9m (30ft) grading 5.72gm/T Au (incl 5ft at 26.4gm/T Au). 

In addition, the metallurgical diamond drilling (PQ size, 8.5 cm) commenced on August 10th. A total of 1600 feet (488 m) of metallurgical test drilling is planned in 4 holes under this program. These holes are targeted in the scarn mineralized zone, which will be submitted for a metallurgy study, to best configure the metal extraction process for the Preliminary Economic Assessment. 

Results for the first 14 holes: 

From (Ft)    To (Ft) Interval (Ft) Au ppm FA-AA finish Ag ppm ICP 4 acid    Cu % ICP 4 Acid Zn % ICP 4 Acid

EM11-01 0 25 25 0.31

90 95 5 2.23

90 125 35 0.76

305 335 30 0.47

460 465 5 0.28 0.32

590 595 5 0.52

695 700 5 0.41

EM11-02 225 230 5 0.39

200 235 35 0.32 0.40

280 370 90 0.62

345 355 10 20.70

360 375 15 0.45

365 370 5 33.30

390 395 5 1.17

490 495 5 0.28

490 515 25 0.40

700 710 10 0.29

EM11-03 175 200 25 0.28

325 350 25 0.36

EM11-04 425 435 10 0.32

545 550 5 0.32

EM11-05 395 400 5 39.7

395 415 20 0.36

445 450 5 24.60

445 460 15 0.52

535 570 35 0.33

545 550 5 32.70

EM11-06 160 180 20 0.27

155 185 30 0.41

175 180 5 31.2

380 390 10 0.65

405 425 20 0.39

380 425 45 0.3

EM11-07 40 45 5 0.42 0.93

140 155 15 0.35

EM11-08 40 60 20 1.24

45 55 10 34.90

305 325 20 0.39

EM11-09 0 15 15 0.29

45 165 120 0.60

55 155 100 26.63 0.64

145 150 5 0.41

EM11-10 95 125 30 0.28

95 145 50 0.68

100 105 5 30.20

115 125 10 32.05

200 205 5 0.81

200 215 15 0.43

EM11-13 5 25 20 0.28

150 160 10 0.54

170 175 5 0.28 0.55

185 200 15 0.33

205 215 10 0.38

500 505 5 0.65

EM11-14 60 80 20 0.35

355 395 40 0.32

410 450 40 0.61

440 445 5 24.2

Project Page: http://www.musgroveminerals.com/project_empire_mine.php 

The past producing Empire Mine Project is a polymetallic skarn deposit containing copper, zinc, gold and silver located in the Alder Creek Mining District in Custer County, Idaho. The Property is on the east-facing slope of the White Knob Mountains approximately three miles west of Mackay, Idaho. It consists of 26 patented mining claims, six mill-site claims and 21 unpatented mining claims. 

Historic production records indicate the Empire Mine produced 765,000 tons grading 3.64% copper, 0.048 oz/t gold and 1.57 oz/t silver from underground workings in the period 1901 to 1942 (694,000 Tonnes grading 3.64% Cu, 1.64 gm/T Au, and 53.8 gm/T Ag). Geologically, the mineralization is classified as a polymetallic copper-skarn. Mineralization has been encountered over a strike length of 1,200m, thickness of 6m to 73m, and a depth of more than 300m. 

In 1997, Cambior Exploration USA Inc. reported a drill-indicated, near-surface, oxide copper resource of 18,230,000 tons grading 0.49% Cu, 0.19% Zn, 0.44 oz/t Ag (15.1 gm/t) and 0.014 oz/t Au (0.48 gm/t), with an additional 9,650,000 tons of material grading 0.29% Cu and 0.31% Zn (Cambior, 1997). A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource; this issuer is not treating the historical estimate as a current mineral resource, and the historical estimate should not be relied upon. 

Richard G.Walker,JR.,CPG is a qualified person by the standards of National Instrument 43-101, he is responsible for the contents in this news release for the Empire Mine Project. 

President of Musgrove Minerals, Jack Bal commented: “We are very happy with the progress of drilling to date, with our historical resource in hand, our focus this year is on upgrading its designation under NI 43-101 regulations, while advancing our metallurgical work and pushing toward a Preliminary Economic Assessment as soon as possible.” 

About Musgrove Minerals Corp. 


Musgrove Minerals Corp. www.musgroveminerals.com is a mineral-exploration resource company trading on the TSX Venture Exchange (Symbol: MGS). The Company is currently exploring advanced exploration-stage projects; the 100% interest “Empire Mine” Project; the 100% interest “Musgrove Creek” Gold Project, The Empire Mine Project is a polymetallic skarn deposit containing copper, zinc, gold and silver located in the Alder Creek Mining District in Custer County, Idaho. The mine is located on the east-facing slope of the White Knob Mountains approximately three miles west of Mackay, Idaho. 

The Property consists of 26 patented mining claims, six mill-site claims and 21 unpatented mining claims. The Musgrove Project is a prospect for a disseminated gold bulk-tonnage surface project similar to the Beartrack Mine, a nearby former gold producer. 

BY ORDER OF THE BOARD 


”Jatinder (Jack) Bal” 

Jatinder (Jack) Bal 

President and CEO 

MUSGROVE MINERALS CORP. 

For further information on Musgrove Minerals Corp., contact Jack Bal at (604) 633-2442, toll free 1-800-667-1442, e-mail jackbal@musgroveminerals.com, or visit our website at www.musgroveminerals.com 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release 

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/MGSGF/news?id=35866

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