Musgrave Minerals Ltd. reported further strong assay results from its initial diamond drilling program at both Break of Day and Lena on the Moyagee Project within the Cue Joint Venture in the Murchison region of Western Australia. At Break of Day, the results from this initial diamond drilling program confirms and extends the high grade gold mineralization that has been intersected in reverse circulation drilling to date. The geological model for Break of Day suggests that the potential of further gold mineralization being discovered is strong as the mineralization remains open at depth. Metallurgical test work has commenced at Break of Day to establish potential gold recoveries and parameters for resource estimation and further studies. Significantly, the diamond drilling confirmed the coarse grained high grade nature of the Break of Day gold mineralization. Results of the metallurgical tests are expected in the June quarter to align with the resource estimation. The high grade drilling results from the two drill holes collared at the southern end of the Lena gold deposit, 150m west of Break of Day, indicate that the gold mineralization continues below the current shallow oxide resource estimate and may indicate an increase in grade at depth. This drilling, particularly drill hole 16MODD003 which intersected 3.3m at 19.4g/t Au from 61.7 metres down hole with visible gold in core, highlights the potential to increase the existing shallow resource at Lena. The Lena deposit is currently defined along a 1.6km strike length and hosts a total combined Mineral Resource of 1.273Mt at 1.86g/t Au for 76,000oz Au and remains open down dip. The near surface high grade gold at Lena has the potential to be mined through open cut methods and due to its close proximity, may enhance the economics of any potential future development at Break of Day.