The Corunna Project is a joint venture with Petratherm Limited where Petratherm can earn up to 75% through the staged expenditure of up to $1M over 2.5 years.
Musgrave undertook an aircore drilling program testing 6 high priority targets. A zone of anomalous silver-lead-zinc has been identified over a 300m strike extent and is open to the north and south. Results include:
- 11m @ 1.0% Pb, 0.5% Zn and 4.2g/t Ag from 19m
- 6m @ 1.0% Pb, 0.2% Zn and 8.2g/t Ag from 14m
- 13m @ 0.6% Pb, 0.4% Zn and 7.2g/t Ag from 32m
- 22m @ 0.5% Pb, 0.2% Zn and 13.2g/t Ag from 17m
The Corunna Project is located approximately 50km west of Port Augusta and is well positioned in regards to infrastructure and proximity to the coast.