Proactiveinvestors Australia Minotaur Exploration Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Minotaur Exploration Ltd RSS feed en Wed, 19 Dec 2018 08:59:10 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[Media files - Minotaur Exploration ramps up drilling, affirms joint venture strategy ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10979/minotaur-exploration-ramps-up-drilling-affirms-joint-venture-strategy-10979.html Thu, 25 Oct 2018 11:54:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/10979/minotaur-exploration-ramps-up-drilling-affirms-joint-venture-strategy-10979.html <![CDATA[News - Minotaur Exploration’s Andrew Woskett to outline northwest Queensland strategy at CEO Session ]]> https://www.proactiveinvestors.com.au/companies/news/206850/minotaur-explorations-andrew-woskett-to-outline-northwest-queensland-strategy-at-ceo-session-206850.html Minotaur Exploration Ltd (ASX:MEP) managing director Andrew Woskett will outline the company’s precious and base metals at this month’s Proactive CEO Session in Sydney.

The company is focusing its efforts on a number of projects in proven territory in northwest Queensland while retaining interests in South Australia.

Current work is centred on the Eloise and Osborne joint ventures near Cloncurry as well as on the 100%-owned Highlands project in the same region.

Woskett will explain this work and Minotaur’s future plans at the Sydney CEO Session on Monday, October 22.

Strong Eloise results

At the Eloise JV with OZ Minerals Limited (ASX:OZL), drilling of Jericho prospect, which is only 2-5 kilometres from the Eloise mine, is returning strong copper-gold results.

The JV this week received assays for six holes, all with significant copper-gold values, and assays for the remaining five holes in the 28-hole, 12,840-metre program are pending.

The drill rig has moved to test other regional ground EM targets until the ‘wet season’ imposes feld activity shutdown in November.

OZ Minerals JV

OZ Minerals may sole fund up to $10 million over six years for which it will earn 70% benefcial interest in Minotaur’s ‘Eloise’ tenements.

This 70% interest is forecast to be achieved by early 2019, three years earlier than originally contemplated.

Minotaur is manager and operator of the joint venture.

Drilling at Osborne

At the Osborne JV with Japan Oil, Gas and Metals National Corporation (JOGMEC), diamond drilling is underway targeting zinc-lead-silver and copper-gold mineralisation.

At the Highlands project, a 5-hole drilling program of scout RC holes is planned, starting at Gospel prospect.

Register for the CEO Session today to find out more.

Sydney details, Monday, October 22, 2018

Also featuring will be Yandal Resources Limited (ASX:YRL), High Peak Royalties Ltd (ASX:HPR), MMJ PhytoTech Ltd (ASX:MMJ) and The Hydroponics Company Ltd (ASX:THC).

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Thu, 11 Oct 2018 16:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/206850/minotaur-explorations-andrew-woskett-to-outline-northwest-queensland-strategy-at-ceo-session-206850.html
<![CDATA[News - Minotaur Exploration to lift funds as it advances alliance with OZ Minerals ]]> https://www.proactiveinvestors.com.au/companies/news/184626/minotaur-exploration-to-lift-funds-as-it-advances-alliance-with-oz-minerals-184626.html Minotaur Exploration Ltd (ASX:MEP) has a portfolio of exploration projects in Australia, including an alliance with Oz Minerals (ASX:OZL) in South Australia, near the Prominent Hill copper-gold mine.

A drilling program is currently in the planning stage.

Minotaur is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Friday 29th September 2017, or earlier if an announcement is made to the market.

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Wed, 27 Sep 2017 10:21:00 +1000 https://www.proactiveinvestors.com.au/companies/news/184626/minotaur-exploration-to-lift-funds-as-it-advances-alliance-with-oz-minerals-184626.html
<![CDATA[News - Minotaur Exploration Ltd drills to define a gold resource at Chameleon project ]]> https://www.proactiveinvestors.com.au/companies/news/159337/minotaur-exploration-ltd-drills-to-define-a-gold-resource-at-chameleon-project-69148.html Cashed up Minotaur Exploration Ltd (ASX:MEP) will look to define a gold resource and test extensive historic gold intercepts from a drill program at the Chameleon gold deposit near Kalgoorlie in Western Australia.

Chameleon was drilled by WMC, Forrestania Gold, Scotia Nickel and Aphrodite Gold (ASX:AQQ) there is a sense the geology and controls on mineralisation may not have been understood fully.

Minotaur will seek to change that with a 12 hole reverse circulation drilling program.

Minotaur has re-compiled all available historic drill information and produced a wireframe of the mineralised envelope.

This shows that significant gaps in historical drilling exist where gold could occur given the coherent nature of the envelope.

Minotaur’s 1300 metre program aims to increase data coverage and extend the known strike of gold mineralisation.

Meanwhile, drilling is underway at the Eloise JV by Minotaur’s farm-in partner OZ Minerals Ltd (ASX:OZL), over Minotaur tenements south-east of Cloncurry, Queensland.

OZ Minerals will sole fund an initial $1.5 million for exploration, with the option to earn a 70% beneficial interest in the tenements by investing a total of $10 million over 6 years.

Minotaur’s share price has increased by about 43% during the last three months.

The company held $4.3 million in cash as at 31 March 2016 and listed investments of $0.9 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 10 Jun 2016 09:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159337/minotaur-exploration-ltd-drills-to-define-a-gold-resource-at-chameleon-project-69148.html
<![CDATA[News - Minotaur Exploration to finalise capital raising ]]> https://www.proactiveinvestors.com.au/companies/news/159336/minotaur-exploration-to-finalise-capital-raising-65529.html Minotaur Exploration (ASX:MEP) is currently in the process of finalising a capital raising, with the ASX granting the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Friday 13th November, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 11 Nov 2015 10:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159336/minotaur-exploration-to-finalise-capital-raising-65529.html
<![CDATA[News - Minotaur Exploration, JOGMEC find zinc, copper, gold in Queensland ]]> https://www.proactiveinvestors.com.au/companies/news/159335/minotaur-exploration-jogmec-find-zinc-copper-gold-in-queensland-60146.html Minotaur Exploration (ASX:MEP) has intersected anomalous zinc, copper and gold at the Cloncurry Joint Venture in Queensland with Japan Oil, Gas, and Metals National Corporation (JOGMEC).

Assays were received from three holes drilled to date including 21 metres at 0.56% zinc, 0.28% copper and 0.06 grams per tonne gold from 403 metres.

These results are 2 kilometres along strike from a previous drillhole that contained broad zones of highly anomalous copper and elevated gold and cobalt, indicating a significant linear mineralised system may exist.

JOGMEC is a Japanese government independent administrative institution which among other things seeks to secure stable resource supply for Japan.

Another four holes totalling 1,300 metres are programmed and budgeted. These were not drilled earlier due to the arrival of the wet season and delays in negotiating appropriate land access agreements.

Drill holes are planned for two targets at Gidyea Bore (EM conductor and positive gravity anomaly) and Emu South (EM conductor) where there has been no prior historical drilling at either target.

Consideration is also being given to another drill hole at Cormorant South near MN13D13 as a DHEM survey indicates that a strong off-hole conductor is present.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 16 Jan 2015 17:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159335/minotaur-exploration-jogmec-find-zinc-copper-gold-in-queensland-60146.html
<![CDATA[News - Minotaur Exploration to discuss copper discovery at Sydney, Melbourne Luncheons ]]> https://www.proactiveinvestors.com.au/companies/news/159334/minotaur-exploration-to-discuss-copper-discovery-at-sydney-melbourne-luncheons-57401.html Minotaur Exploration (ASX:MEP) shares have jumped 42.9% to $0.20 since 30 July after intersecting a broad zone of polymetallic Eloise-style copper-gold mineralisation at the Artemis polymetallic prospect in Queensland.

Drilling has returned results of 24 metres at 2.12 grams per tonne gold, 1.58% copper and 4.74% zinc; 21 metres at 5.06% zinc, 1.85% lead, 69 g/t silver, 0.84% copper and 0.73g/t gold; and 22 metres at 3% copper, 3.8g/t copper, 112g/t silver and6.6% zinc.

Proactive Investors has secured managing director Andrew Woskettto present the latest at the upcoming "Sydney Investor Luncheon” on Wednesday 10th September, and the "Melbourne Investor Luncheon" on Thursday 11th September.


REGISTER HERE: Sydney and Melbourne.

The drilling at Artemis has confirmed polymetallic mineralisation downdip for at least 110 metres and with three holes intersecting high grade mineralisation indicating the project is a significant new discovery.

Minotaur has also started ground-based electromagnetic survey across the Saints nickel sulphide deposits at its Scotia Project just 65 kilometres northwest of Kalgoorlie.

This will refine the geometry of known nickel mineralisation at the St Andrews, St Patricks and Western Contact positions and guide drill programs to expand mineralised boundaries.

The Scotia tenement includes the Scotia underground nickel mine that produced 31,000 tonnes of nickel metal, at an average grade of 2.2% nickel, to 360 metres depth, until its abrupt closure in 1977.

In addition, drilling around the old Mingary Mine on EL4745 in South Australia returned 16 metres at 1.07g/t gold and 16 metres at 0.66g/t gold and 0.38% copper.

Drilling has also commenced on priority EM targets on the Eloise Copper Joint Venture while geochemical sampling and mapping has commenced on a second round of gold targets at the Leinster Gold Joint Venture in Western Australia.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 09 Sep 2014 08:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159334/minotaur-exploration-to-discuss-copper-discovery-at-sydney-melbourne-luncheons-57401.html
<![CDATA[News - Minotaur Exploration to increase cash position ]]> https://www.proactiveinvestors.com.au/companies/news/159333/minotaur-exploration-to-increase-cash-position-57414.html Minotaur Exploration (ASX:MEP) is heading to market with a capital raising. The ASX has granted the company a trading halt to prepare.

The company's shares have surged recently after intersecting a broad zone of polymetallic Eloise-style copper-gold mineralisation at the Artemis polymetallic prospect in Queensland.

Drilling highlights included:

- 24 metres at 2.12 grams per tonne gold, 1.58% copper and 4.74% zinc; 21 metres at 5.06% zinc, 1.85% lead, 69 g/t silver, 0.84% copper and 0.73g/t gold; and

- 22 metres at 3% copper, 3.8g/t copper, 112g/t silver and6.6% zinc.

The drilling at Artemis has confirmed polymetallic mineralisation downdip for at least 110 metres and with three holes intersecting high grade mineralisation indicating the project is a significant new discovery.

The halt will remain in place until the opening of trade on Wednesday 10th September 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 08 Sep 2014 11:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159333/minotaur-exploration-to-increase-cash-position-57414.html
<![CDATA[News - Minotaur Exploration hits more high grade zinc at Artemis ]]> https://www.proactiveinvestors.com.au/companies/news/159332/minotaur-exploration-hits-more-high-grade-zinc-at-artemis-56951.html Minotaur Exploration's (ASX:MEP) second, shallower drill hole at its Artemis polymetallic prospect in Queensland has intersected massive and veined sulphides over 40 metres from 95 metres.

Assays returned 21 metres at 5.06% zinc, 1.85% lead, 69 g/t silver, 0.84% copper and 0.73g/t gold from 114 metres.

This included a higher grade interval of 7 metres at 8.3% zinc, 4% lead, 154 g/t silver, 1.1% copper and 0.82g/t gold from 125 metres.

Notably, down-hole electromagnetic surveys indicate that the upper zone of zinc-lead-silver enriched mineralisation has a different geophysical signature to the copper-gold-zinc polymetallic mineralisation encountered in the first hole.

A third, deeper drillhole is now underway to test down-dip extension of mineralisation reported from the discovery hole, with results expected in about 3 weeks.

This exploration work is covered by the Eloise Copper Joint Venture with Golden Fields Resources.

Upon expenditure of $6 million over 4 years, Golden Fields may earn a 50% interest in the tenements.

The zinc price is hovering around US$1.05 per pound, up from US$0.90 in April, and has been as high as US$1.10 in recent weeks.

Minotaur is capitalised at around $36 million, and also controls copper-gold projects in Western Australia, New South Wales and South Australia.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 15 Aug 2014 14:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159332/minotaur-exploration-hits-more-high-grade-zinc-at-artemis-56951.html
<![CDATA[News - Minotaur Exploration hits high grade copper-gold-zinc at Artemis ]]> https://www.proactiveinvestors.com.au/companies/news/159331/minotaur-exploration-hits-high-grade-copper-gold-zinc-at-artemis-56632.html Minotaur Exploration (ASX:MEP) is likely to trade substantially higher today after reporting a significant copper-zinc-gold-silver discovery at its Artemis prospect in the Cloncurry region of Queensland.

The first drill hole at the Artemis Prospect, 20 kilometres west of the Eloise Copper mine, intersected a broad zone of polymetallic mineralisation.

Assays received to date have included 22 metres at 3% copper, 3.8 g/t gold, 112 g/t silver and 6.6% zinc from 157 metres.

This interval incorporated a higher grade section of 9 metres at 5.2% copper, 7.9 g/t gold, 181 g/t silver and 10.2%
zinc from 167 metres.

A zone of massive sulphides, flanked by peripheral zones of veining, was also encountered over a 34 metre intercept
from 148 to 182 metres.

The 10-hole drill program at 9 greenfield target sites commenced in June, with 8 holes now completed and assays awaited.

This exploration work is covered by the Eloise Copper Joint Venture with Golden Fields Resources.

Upon expenditure of $6 million over 4 years, Golden Fields may earn a 50% interest in the tenements.

Minotaur is capitalised at around $21 million, and also controls copper-gold projects in Western Australia, New South Wales and South Australia.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 31 Jul 2014 16:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159331/minotaur-exploration-hits-high-grade-copper-gold-zinc-at-artemis-56632.html
<![CDATA[News - Minotaur Exploration kicks off copper-gold drilling at Cloncurry ]]> https://www.proactiveinvestors.com.au/companies/news/159330/minotaur-exploration-kicks-off-copper-gold-drilling-at-cloncurry-55540.html Minotaur Exploration (ASX:MEP) has commenced a maiden drilling program at its Eloise copper-gold project in the Cloncurry region, Queensland.

Drilling will test multiple targets and is fully funded by Minotaur's JV partner. The partner can earn a 50% interest in the project via expenditure of $6 million over 4 years.

The Eloise Copper project tenements were acquired by Minotaur through its all-scrip take-over of Breakaway Resources late in 2013.

Of the 11 prioritised drill targets, eight have been surveyed for aboriginal heritage values and cleared for drilling.

On-ground electromagnetic surveys earlier this year validated numerous positively charged bedrock conductors under thin cover.

The company recently intersected broad gold assays from maiden drilling at its Mingary Mine in South Australia, which is located 75 kilometres southwest of Broken Hill, the home of BHP Billiton (ASX:BHP).

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 11 Jun 2014 14:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159330/minotaur-exploration-kicks-off-copper-gold-drilling-at-cloncurry-55540.html
<![CDATA[News - Minotaur Exploration hits broad gold mineralisation at Mingary in South Australia ]]> https://www.proactiveinvestors.com.au/companies/news/159329/minotaur-exploration-hits-broad-gold-mineralisation-at-mingary-in-south-australia-55137.html Minotaur Exploration (ASX:MEP) has returned broad gold assays from maiden drilling at its Mingary Mine in South Australia.

Significant gold values over 600 metre strike included 16 metres at 1.07 g/t gold and 0.26% copper from 80 metres, and 16 metres at 0.66 g/t gold and 0.38% copper from 104 metres.

Minotaur believes there is potential for the mineralised horizon to extend for 2 kilometres.

Notably, The historic Mingary Mine is located just 75 kilometres southwest of Broken Hill, the home of BHP Billiton (ASX:BHP)

Historic workings are within secondary copper mineralisation associated with a distinctive quartz horizon thought to represent a tectonised, recrystallised sandstone unit.

Previous exploration drilling in the 1970’s was limited to 5 shallow holes focused on testing the lode horizon for base metals mineralisation.

Those holes were all to the north of the old workings and were not assayed for gold.

Rock chip sampling by Minotaur identified gold values up to 1.64g/t at the old workings and 1.7g/t over exposures along strike 1 kilometre to the north.

Subsequent surveying identified coincident conductors, which were the target of this initial drilling.

Mineralisation is potentially open in all directions and further mapping and sampling is planned to better define its extents.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 22 May 2014 13:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159329/minotaur-exploration-hits-broad-gold-mineralisation-at-mingary-in-south-australia-55137.html
<![CDATA[News - Minotaur Exploration wraps up copper-gold drilling at Catch Dam, South Australia ]]> https://www.proactiveinvestors.com.au/companies/news/159328/minotaur-exploration-wraps-up-copper-gold-drilling-at-catch-dam-south-australia-54165.html Minotaur Exploration (ASX: MEP) has completed a single 456 metre diamond drill hole testing the ‘Bella Vista’ IP anomaly at Catch Dam in South Australia.

A sequence of calc-silicates with disseminated and thin veinlets of pyrrhotite and pyrite was intersected, considered to adequately explain the IP high-amplitude chargeability anomaly targeted by the drill hole.

Geological logging of drill core supplemented by a hand-held XRF instrument indicated the presence of persistent but low levels of chalcopyrite and sphalerite.

Reliable gold analysis to meaningful detection limits is not possible with an XRF device, so conventional laboratory analysis is required to determine gold assays.

Drill core is presently being cut and submitted for geochemical analysis.

This drilling forms part of the Border Joint Venture, encompassing 4 tenements, between Sumitomo Metal Mining Oceania with 57.8%, and Minotaur with 42.2%.

Attention has now shifted to the old Mingary Mine on the Bonython Hill tenement, where three reverse circulation holes are underway to test the lode horizon for gold and base-metals mineralisation.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 07 Apr 2014 16:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159328/minotaur-exploration-wraps-up-copper-gold-drilling-at-catch-dam-south-australia-54165.html
<![CDATA[News - Minotaur Exploration starts South Australia copper-gold drilling ]]> https://www.proactiveinvestors.com.au/companies/news/159327/minotaur-exploration-starts-south-australia-copper-gold-drilling-53857.html Minotaur Exploration (ASX: MEP) has started drilling at its Catch Dam and Mingary copper-gold targets in South Australia.

The four hole program consists of one deep diamond hole at the Bella Vista anomaly at Catch Dam and three reverse circulation holes near the old Mingary Mine.

At Catch Dam (EL 4352), induced polarisation surveys in 2012 identified a number of significant positive chargeability anomalies proximal to positive gravity anomalies and within a magnetically quiet zone.

The largest of these IP anomalies is the soil-covered Bella Vista target where the chargeability anomaly has a very high computed amplitude of 72 mrads* and occurs at a depth of 100 metres to 150 metres.

There are no historical drillholes in the vicinity of the Bella Vista target.

The strength of the chargeability anomaly coincident with a conductive anomaly makes for a potential target for copper-gold mineralisation.

Near the historic Mingary copper Mine on EL 4745, limited surface geochemical sampling of tectonised quartzite and gossanous ironstone indicated highly anomalous gold (up to 1.7 grams per tonne), silver (up to 8.5g/t), copper (up to 0.16%) and lead (up to 2.1%).

Ground electromagnetic surveying delineated two conductive bodies, one coincident with the lode horizon and a second, deeper zone.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 24 Mar 2014 15:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159327/minotaur-exploration-starts-south-australia-copper-gold-drilling-53857.html
<![CDATA[News - Minotaur Exploration wraps up gold drilling at Leinster, Western Australia ]]> https://www.proactiveinvestors.com.au/companies/news/159326/minotaur-exploration-wraps-up-gold-drilling-at-leinster-western-australia-53608.html Minotaur Exploration (ASX:MEP) has completed a major drilling program at Leinster in W.A, with early assays of up to 4 metres at 2.02 grams per tonne gold, and numerous assays pending.

The first pass drilling seven priority gold targets with 141 reverse circulation holes for 8,457 metres.

Assay results for the Pond Well, Aztec, Esperanza, Jungle Well North, and Shane’s prospects are expected in the next few weeks.

The Leinster gold and nickel tenements were acquired by Minotaur through its 2013 takeover of Breakaway Resources, and cover 281 square kilometres in the Archaean Kalgoorlie Terrane.

Minotaur’s assessment of gold anomalous zones reported from the earlier geochemical survey and nickel drill data identified seven high priority prospect areas associated with regional scale shear zones and secondary faults.

A second drilling program is envisaged for mid year to test additional targets and to follow-up encouraging gold intersections from this first pass drilling program.

Separately, Minotaur and joint venture partner Mitsubishi Materials Corporation (TYO:5711) are drilling at the Arthurville copper-gold porphyry prospect in New South Wales.

Mitsubishi is capitalised at $425 billion, and may earn a 49% participating interest in the tenement through expenditure of $970,000.

Minotaur is also involved in a copper-gold joint venture with Japan Oil, Gas and Metals National Corporation (JOGMEC) in the Cloncurry district, Queensland.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 12 Mar 2014 10:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159326/minotaur-exploration-wraps-up-gold-drilling-at-leinster-western-australia-53608.html
<![CDATA[News - Minotaur Exploration and Mitsubishi kick off copper-gold porphyry drilling in NSW ]]> https://www.proactiveinvestors.com.au/companies/news/159325/minotaur-exploration-and-mitsubishi-kick-off-copper-gold-porphyry-drilling-in-nsw-52836.html Minotaur Exploration (ASX:MEP) and joint venture partner Mitsubishi Materials Corporation (TYO:5711) will today commence drilling at the Arthurville copper-gold porphyry prospect in New South Wales.

Mitsubishi is capitalised at $425 billion, and may earn a 49% participating interest in the tenement through expenditure of $970,000.

The 1,200 metre reverse circulation campaign follows induced polarisation surveys carried out in 2013, resulting in selection of 3 geophysical targets, and is expected to take 3 weeks to complete.

The Arthurville tenement lies within Molong Volcanics of the Lachlan Fold Belt, host to several significant porphyry copper-gold deposits such as Northparkes and Copper Hill.

At Arthurville, outcropping exposures of Molong Volcanics exhibit copper mineralisation within porphrytic basalt and host numerous small, historic copper workings.

Minotaur is also involved in a copper-gold joint venture with Japan Oil, Gas and Metals National Corporation (JOGMEC) in the Cloncurry district, Queensland.

The company is capitalised at around $18 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 14 Feb 2014 12:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159325/minotaur-exploration-and-mitsubishi-kick-off-copper-gold-porphyry-drilling-in-nsw-52836.html
<![CDATA[News - Minotaur Exploration to acquire last shares in Breakaway Resources ]]> https://www.proactiveinvestors.com.au/companies/news/159324/minotaur-exploration-to-acquire-last-shares-in-breakaway-resources-49316.html Minotaur Exploration (ASX: MEP) now holds over 91% of Western Australia and Queensland focused copper and gold explorer, Breakaway Resources (ASX: BRW), with Minotaur to now compulsory acquire the last outstanding shares.

The offer provides 1 Minotaur ordinary share for every 10 in Breakaway.

The completion of the offer allows Breakaway to trigger two new Minotaur-facilitated joint venture agreements, both in respect of Breakaway’s main projects.

Following the acquisition, Minotaur has built its position at Eloise (Cloncurry) IOCG prospects and drill ready targets, such as:

- BRW’s Sandy Creek Inferred resource (2Mt @ 1.3% Cu); MEP aims to extend through drilling;
- BRW’s recent ground EM identified new targets at Venus & Jupiter, ready for drilling;
- Sandfire Resources (SFR earning 80%) now drilling on Altia base metals JV with BRW;
- MEP’s 615km2 tenure near the Eloise Mine complements BRW’s tenure of 405km2 adjacent to Eloise Mine; and
- Achieves strategic ground consolidation around Eloise Mine, totalling 1,020km2.

Minotaur has also increased exposure at Leinster with the Breakaway move.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 21 Oct 2013 17:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159324/minotaur-exploration-to-acquire-last-shares-in-breakaway-resources-49316.html
<![CDATA[News - Minotaur Resources, JOGMEC drilling for copper-gold at Cloncurry, Queensland ]]> https://www.proactiveinvestors.com.au/companies/news/159323/minotaur-resources-jogmec-drilling-for-copper-gold-at-cloncurry-queensland-49307.html Minotaur Resources (ASX: MEP) has resumed drilling to test new copper-gold targets at its Cloncurry Joint Venture Project in Queensland.

The four holes totalling 1,650 metres, which are being drilled with Japan Oil, Gas and Metals National Corporation (JOGMEC), will be drilled on the Cormorant South, Woolshed Waterhole and Cotswold targets.

These were evolved from geophysical surveys which generated a number of positive anomalies worthy of further appraisal and testing.

Geophysical surveying will continue with a detailed aeromagnetic survey over the northwest portion of the JV area expected to commence later this month.

Evaluation of data from recently completed induced polarisation, ground electromagnetic and gravity surveys continues.

JOGMEC has a 51% interest in the 14 tenements north of Cloncurry.

 

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Mon, 21 Oct 2013 14:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159323/minotaur-resources-jogmec-drilling-for-copper-gold-at-cloncurry-queensland-49307.html
<![CDATA[News - Minotaur Exploration drilling intersects copper-gold in Queensland ]]> https://www.proactiveinvestors.com.au/companies/news/159322/minotaur-exploration-drilling-intersects-copper-gold-in-queensland-47436.html Minotaur Exploration’s (ASX: MEP) inaugural drill campaign at the Osborne Project in Queensland has intersected 0.45 metres at 0.59% copper and 0.22 grams per tonne gold from 210 metres.

Notably, the chalcopyrite mineralisation at Osprey occurs within structurally controlled quartz and calcite veins of very similar character to known mineralisation at Inova Resources’ (ASX: IVA) nearby Kulthor Mine.

This supports the geological interpretation of a southern extension to the Kulthor system.   

Single diamond drillholes have been completed at the Brolga and Wedgetail targets. Drillcore samples have been submitted for geochemical analysis and a detailed report will be issued once assays are to hand.

 

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Mon, 02 Sep 2013 13:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159322/minotaur-exploration-drilling-intersects-copper-gold-in-queensland-47436.html
<![CDATA[News - Minotaur Exploration starts copper-gold drilling at Osborne Project in Queensland ]]> https://www.proactiveinvestors.com.au/companies/news/159321/minotaur-exploration-starts-copper-gold-drilling-at-osborne-project-in-queensland-46364.html Minotaur Exploration (ASX: MEP) has started diamond drill testing for copper-gold mineralisation at its Osborne Project about 160 kilometres south of Cloncurry, Queensland.

The four hole program will test the Osprey East, Osprey West and Brolga East IP targets as well as the Wedgetail combined magnetic/gravity target.

It is the first drilling to be carried out at the project and is expected to take four weeks to complete.

The targets were identified from IP and gravity surveys conducted earlier this year at the Osprey, Brolga, Wedgetail, Bustard, Ibis and Crane prospects that generated a number of positive anomalies worthy of further appraisal and testing.

Targets at Bustard, Ibis and Crane require further geophysical surveying to guide design of a drill program, whilst tenement EPMA19066 containing the Cassowary target is yet to be granted.

IP surveys at the Osprey prospect delineated two sub-parallel chargeable zones trending southwards for over 800 metres.

These anomalies are interpreted to represent southward extensions of known mineralisation at and around Inova Resources Limited’s (ASX: IVA) Kulthor Mine. Two anomalies on IP Line 7552400 have been selected for drill testing with depth to basement interpreted to be less than 50 metres.

IP surveying at the Brolga prospect revealed a number of chargeable anomalies. One of these, Brolga East, in a favoured structural position east of a curvilinear magnetic anomaly, has been selected for drilling.

Interpreted depth to basement is 50 metres to 75 metres, there being no prior drill holes near this geophysical feature.

IP anomalies at each of the Osprey and Brolga targets have no discernible magnetic expression, the target mineralisation style being disseminated to semi-massive sulphides, similar to known mineralisation at Kulthor Mine 4 kilometres to the north. rather than magnetite-hosted iron oxide copper-gold (IOCG) mineralisation and breccia as at Ernest Henry Mine, 35 kilometres northeast of Cloncurry.

Reconnaissance IP survey lines at the Wedgetail prospect revealed a weak positive anomaly on the eastern line.

Of greater attraction are coincident subtle gravity and magnetic anomalies occurring within a northwest-trending fault zone that truncates the southern margin of a granitic intrusion.

A single historic drillhole in this area, by BHP in 1992, intersected brecciated gneiss, psammite and granite with matrix of chlorite and vuggy quartz veins containing minor chalcopyrite, hematite and pyrite.

Depth to basement was 98 metres.

Minotaur’s proposed drill hole WE4 is about 500 metres from the BHP hole and targets possible IOCG style mineralisation.

 

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Mon, 05 Aug 2013 15:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159321/minotaur-exploration-starts-copper-gold-drilling-at-osborne-project-in-queensland-46364.html
<![CDATA[News - Minotaur Exploration to acquire Breakaway Resources in share offer ]]> https://www.proactiveinvestors.com.au/companies/news/159320/minotaur-exploration-to-acquire-breakaway-resources-in-share-offer-45564.html Minotaur Exploration (ASX: MEP) and Breakaway Resources (ASX: BRW) have announced a binding agreement under which Minotaur will acquire all of the issued shares in Breakaway by way of an off-market agreed takeover offer.

Breakaway shareholders will receive one (1) new Minotaur share for every ten (10) Breakaway shares held. Based on Minotaur’s 30-day volume weighted average price (VWAP) of $0.124, the offer values Breakaway at $5.4 million or $0.0124 cents per share.

Breakaway is trading at $0.012 today.

The transaction has been unanimously recommended by the Breakaway board of directors in the absence of a superior offer.

The merged group will have a pro-forma market capitalisation of approximately $19 million and a strong balance sheet with cash and listed investments of approximately $10 million (using cash balances as at 30 June) and no debt.

Minotaur will look to start work in October on the Leinster project in WA and Eloise in Queensland if the takeover is approved.


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Mon, 15 Jul 2013 15:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159320/minotaur-exploration-to-acquire-breakaway-resources-in-share-offer-45564.html
<![CDATA[News - Minotaur Exploration to reveal acquisition ]]> https://www.proactiveinvestors.com.au/companies/news/159319/minotaur-exploration-to-reveal-acquisition-45341.html Minotaur Exploration (ASX: MEP) is in pre-open this morning following the ASX granting the company a trading halt, pending an acquisition announcement.

It has been rumoured that Minotaur and Breakaway Resources (ASX: BRW) will merge. Earlier in the year Breakaway divested its Kalgoorlie based project to Minotaur for $600,000 in cash.

With the difficult market conditions to raise capital, it is expected there will be continued rationalisation in the small-mid cap. mining sector as companies look to save costs and form synergies.

Minotaur also secured a cornerstone investment last month at a significant premium to a private equity company, which includes an immediate cash injection of $1.05 million into Minotaur.

The deal provided Minotaur with a diverse funding channel through which to accelerate exploration activities within the Cloncurry district of Queensland, with the company estimating it will hold cash reserves of $8.5 million at the end of June 2013, which would include this placement.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Thursday 11th July 2013.

 

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Tue, 09 Jul 2013 11:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159319/minotaur-exploration-to-reveal-acquisition-45341.html
<![CDATA[News - Minotaur Exploration secures cornerstone investor at a 'significant premium' ]]> https://www.proactiveinvestors.com.au/companies/news/159318/minotaur-exploration-secures-cornerstone-investor-at-a-significant-premium-44469.html Minotaur Exploration's (ASX: MEP) cash position will swell following a cornerstone investment at a significant premium to a private equity company, which includes an immediate cash injection of $1.05 million into Minotaur.

The deal provides Minotaur with a diverse funding channel through which to accelerate exploration activities within the Cloncurry district, with the company estimating it will hold cash reserves of $8.5 million at the end of June 2013, which would include this placement.

The investment from a private equity company will be comprised of a cornerstone placement of $750,000 for the issue of 4.2 million shares at $0.18 per share, with a 1 for 2 attaching option with a strike price of $0.30.

There will also be a further injection of $300,000 plus stamp duty for a 50% interest in Minotaur’s wholly-owned subsidiary, Minotaur Gold Solutions Ltd.

Minotaur and the private equity group jointly advance both copper-gold and gold focused exploration and development projects within Australia, including existing Minotaur assets - along with other opportunities from advanced exploration through to development.

Earlier in the month Minotaur entered into a joint venture with Falcon Minerals (ASX: FCN) to explore for copper-gold mineralisation on two Falcon tenements in the Cloncurry district of northwest Queensland


Minotaur to purchase the Scotia Project

Recently Minotaur Gold Solutions Ltd entered into a binding Sale and Purchase Deed with Breakaway Resources (ASX: BRW) to acquire the Scotia Project for $600,0000, which is located 65 kilometres north of Kalgoorlie in Western Australia.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 14 Jun 2013 12:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159318/minotaur-exploration-secures-cornerstone-investor-at-a-significant-premium-44469.html
<![CDATA[News - Minotaur Exploration and Falcon Minerals join forces in the Cloncurry district ]]> https://www.proactiveinvestors.com.au/companies/news/159317/minotaur-exploration-and-falcon-minerals-join-forces-in-the-cloncurry-district-44034.html Minotaur Exploration (ASX: MEP) and Falcon Minerals (ASX: FCN) are set to explore for copper-gold mineralisation on two Falcon tenements in the Cloncurry district of northwest Queensland.

The joint venture expands Minotaur’s operations within Australia’s premier iron oxide copper-gold (IOCG) province, while advancing some of Falcon's interests.

Covering EPM 18289 and EPMA18313, the joint venture allows Minotaur to earn a 51% interest by spending $250,000 over 2 years or a 75% interest by spending a total of $750,000 over a total period of 5 years.

The tenements cover 165 square kilometres in area prospective for structurally controlled IOCG mineralisation of the Ernest Henry, Eloise and Osborne styles.

EPM 18289 is located 20 kilometres southwest of Ernest Henry Mine, and in close proximity to two Minotaur tenements, EPM 19205 and EPMA 19775.

Minotaur held $9.3 million in cash at the end of March 2013. Minotaur last month entered into a binding Sale and Purchase Deed with Breakaway Resources (ASX: BRW) to acquire 14 tenements in Western Australia for $600,000 plus GST.


Exploration to kick-off

Minotaur said that a combined exploration program will commence on the granted tenements with initial emphasis on gravity, EM and IP surveys over selected, variably magnetite-dominant targets along the margins of, and selected structural conduits to, Williams-Naraku granitic intrusions.

Particular attention will focus on the Tino, Neutrino, Taurino, Mindino and Marino gravity +/- magnetic features.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 03 Jun 2013 11:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159317/minotaur-exploration-and-falcon-minerals-join-forces-in-the-cloncurry-district-44034.html
<![CDATA[News - Minotaur Exploration acquiring interests in Kalgoorlie gold tenements ]]> https://www.proactiveinvestors.com.au/companies/news/159316/minotaur-exploration-acquiring-interests-in-kalgoorlie-gold-tenements-43489.html Minotaur Exploration (ASX: MEP) is acquiring Breakaway Resources’ (ASX: BRW) interests in 14 Western Australian tenements near Kalgoorlie for $600,000 in cash.

This will give Minotaur a 20% interest in the tenements which are free carried by Aphrodite Gold (ASX: AQQ).

Aphrodite is acquiring earning a joint venture interest of up to 80% in the gold rights in the tenements and is required to keep all tenements in good standing.

Minotaur will also acquire a 100% interest in all non-gold minerals and considers the acquisition to be a foundation step in its building a Western Australia mineral portfolio, especially in the Goldfields region.

The acquisition is conditional on Aphrodite not exercising its pre-emptive right to purchase Breakaway’s interest in the joint venture.

Aphrodite’s drilling at the nearby Chameleon Prospect have returned 12 metres at 10.99 grams per tonne gold, 6 metres at 4.48g/t gold and 11 metres at 2.05g/t gold.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 20 May 2013 12:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159316/minotaur-exploration-acquiring-interests-in-kalgoorlie-gold-tenements-43489.html
<![CDATA[News - Minotaur Exploration defines new IOCG targets in Queensland ]]> https://www.proactiveinvestors.com.au/companies/news/159315/minotaur-exploration-defines-new-iocg-targets-in-queensland--42589.html Minotaur Exploration (ASX: MEP) has defined new targets at its Osborne project near Cloncurry, Queensland, after completing initial geophysical surveying over four prospects.

The survey, which focused on sulfide-rich or haematite-rich iron oxide copper gold mineralisation styles, defined four new drill targets at Wedgetail and a major gravity target at Ibis.

A ground gravity survey confirmed the company’s initial interpretation Wedgetail with a number of discrete residual gravity anomalies defined within and around the southern margin of the intrusive complex.

Several anomalies fall within demagnetised shear corridors and one coincides with an induced polarisation chargeability response along one of two north-south reconnaissance IP lines.

A single historic drillhole dating back to 1995 recorded basement rocks, from 98m, as intensely altered and brecciated with a matrix of biotite, chlorite, haematite and pyrite.

These are considered to be proximal indicators of IOCG-style alteration.

A new tenement application has been submitted to capture southward extension of one of the Wedgetail targets.

Regional gravity surveys over the Bustard, Ibis and Crane prospects revealed a number of positive gravity anomalies largely discordant to magnetic anomalies evident in airborne magnetic data.

Of particular interest is the discrete circular Ibis gravity anomaly, which is offset from adjacent magnetic features to the north and south.

Gravity infill and modelling of this anomaly and further electrical geophysics will be undertaken to refine a drill collar.

The new targets at Wedgetail and Ibis add to those previously announced at Osprey and Brolga, allowing Minotaur to build a strong portfolio of targets for drill testing later in the year.

Minotaur’s cash backing of $9.3 million, or $0.09 per share, as of 31 March 2013 is two thirds of its current market capitalisation of $13.98 million and share price of $0.135.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 29 Apr 2013 16:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159315/minotaur-exploration-defines-new-iocg-targets-in-queensland--42589.html
<![CDATA[News - Minotaur Exploration identifies IOCG style targets in Queensland ]]> https://www.proactiveinvestors.com.au/companies/news/159314/minotaur-exploration-identifies-iocg-style-targets-in-queensland-42033.html Minotaur Exploration (ASX: MEP) has identified new iron ore, copper, gold style exploration targets at its Osborne project in Cloncurry, Queensland.

Induced polarisation and gravity surveys identified the targets within sulfide-rich and/or hematite-rich settings at the Osprey, Brolga and Wedgetail prospects.

A regional gravity survey over the Bustard, Ibis and Crane prospects is in progress with completion expected in about one week.

IP surveying at the Osprey prospect has tracked two key targets southwards for over 800 metres with four positive chargeable anomalies recorded, the strongest of which is the eastern most anomaly.

These anomalies are believed to represent southward extensions of known mineralisation at and around Ivanhoe Australia’s (ASX: IVA) Kulthor Mine.

The first IP line at the Brolga prospect has revealed a series of entirely new positive chargeability anomalies.

Minotaur said the successes in generating new targets confirm the interpreted geological-mineralisation model and a second parallel survey line is currently underway in order to better delineate the conductors and their magnitude.

At Wedgetail, two reconnaissance IP survey lines have been completed and a positive anomaly recorded on the eastern line.

An associated detailed gravity survey has also been completed and assessment and integration are in progress.

Diamond drilling to test the chargeable targets is planned for late in the current quarter.

Minotaur is trading at above 70% cash backing with $10.1 million, or $0.097 per share, in cash as of 31 December 2012. This compares to its current market capitalisation of $14.5 million and share price of $0.14.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 15 Apr 2013 14:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159314/minotaur-exploration-identifies-iocg-style-targets-in-queensland-42033.html
<![CDATA[News - Minotaur Exploration intersects IOCG style alteration in Nova Scotia ]]> https://www.proactiveinvestors.com.au/companies/news/159313/minotaur-exploration-intersects-iocg-style-alteration-in-nova-scotia-34193.html Minotaur Exploration (ASX: MEP) has intersected pervasive iron oxide copper-gold (IOCG) style alteration at the single diamond drill hole it completed on the Cooper Lake target in Nova Scotia, Canada.

The hole was drilled to a depth of 547 metres targeting the modelled centre of a 1.5 milligal gravity anomaly 400 metres southeast of historic copper workings and intersected a host sequence of pale green, laminated argillaceous siltstone and mudstone for its entire length.

Of especial interest is the repeated presence throughout its entire length, and increasingly from 200 metres downhole through to end of hole, of thick zones of intense silica-sericite alteration.

The alteration zones are accompanied by swarms of quartz-haematite, quartz-magnetite and quartz-carbonate veinlets with associated sulphides.

Individual veins vary from a few millimetres to a few centimetres in thickness. Where veining is intense, bulk density of the rock increases from 2.7 to around 2.9. The cumulative effect of the alteration zones and vein swarms is believed to account for the gravity anomaly.

While no copper sulphides of economic significance have being observed, the alteration system may have potential to host gold mineralisation.

Minotaur has submitted 90 samples from the silica sericite alteration zones for assay and expects results within three weeks.

The diamond drill hole was made with support of a $50,000 grant from the Nova Scotia Department of Natural Resources under its Nova Scotia Mineral Incentive Program.

The exploration licence comprises nine mineral claims centred on the historic Copper Lake workings in Antigonish County, Nova Scotia.

At Copper Lake, historic mining of high grade (above 5%) chalcopyrite mineralisation associated with iron carbonate and iron oxide veining and brecciation is considered a prime indicator of the IOCG style of mineralisation along the Cobequid-Chedabucto Fault Zone.

 

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Fri, 05 Oct 2012 11:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159313/minotaur-exploration-intersects-iocg-style-alteration-in-nova-scotia-34193.html
<![CDATA[News - Minotaur Exploration awarded A$50,000 grant to accelerate drilling at Copper Lake ]]> https://www.proactiveinvestors.com.au/companies/news/159312/minotaur-exploration-awarded-a50000-grant-to-accelerate-drilling-at-copper-lake--32545.html Minotaur Exploration (ASX Code: MEP) has been awarded a A$50,000 grant by the Nova Scotia Department of Natural Resources which will allow the company to accelerate plans to drill test the Copper Lake iron oxide copper-gold (IOCG) target.

Drilling is scheduled to begin on 17 September, with the grant supporting 50% of the eligible costs related to geophysical surveys and drilling of the target.

Minotaur, through its wholly owned subsidiary Minotaur Atlantic Exploration, has an agreement with Blackfly Exploration and Mining, whereby Minotaur will fund exploration on EL 6914 under a three year option to purchase.

The exploration licence comprises nine mineral claims centred on the historic Copper Lake workings in Antigonish County, Nova Scotia.

At Copper Lake, historic mining of high grade (above 5%) chalcopyrite mineralisation associated with iron carbonate and iron oxide veining and brecciation is considered a prime indicator of the IOCG style of mineralisation along the Cobequid-Chedabucto Fault Zone.

From 2007 to 2010, Minotaur undertook regional exploration along the entire Cobequid-Chedabucto Fault Zone based around a modified IOCG model.

A large number of targets were generated through systematic regional and infill gravity surveys along an over 300 kilometre corridor.

The Copper Lake gravity target was defined some 400 metres to the southeast of the historic workings.


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Mon, 20 Aug 2012 13:50:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159312/minotaur-exploration-awarded-a50000-grant-to-accelerate-drilling-at-copper-lake--32545.html
<![CDATA[News - Minotaur Exploration drills for copper and gold with JOGMEC in Queensland ]]> https://www.proactiveinvestors.com.au/companies/news/159311/minotaur-exploration-drills-for-copper-and-gold-with-jogmec-in-queensland--31168.html Minotaur Exploration (ASX: MEP) is drilling five holes totalling 2100 metres to follow up on earlier exploration at the Cotswold and Cormorant copper gold targets near Cloncurry, western Queensland.

The drilling, part of the joint venture with Japan Oil, Gas and Metals National Corporation (JOGMEC), will be carried out on targets selected after extensive geophysical surveys and modelling of a range of data.

Minotaur plans to drill 2 holes at the Cotswold target is a prominent coincident magnetic and gravity anomaly with the magnetic anomaly similar in amplitude to that occurring at the cooper gold magnetite Ernest Henry Mine about 25 kilometres to the southeast.

A number of shallow historic drillholes around the magnetic complex have recorded anomalous copper intercepts, such as 14 metres at 0.25% copper and 30 metres at 0.18% copper while electrical geophysical surveys record a weak and shallow conductive response over the magnetic complex.

The company’s first hole will test the peak of the magnetic/gravity anomalies and the second hole will test the IP chargeability/magnetic target 200 metres to the south.

Meanwhile, Minotaur plans to drill a fence of three southwest oriented drillholes at the Cormorant target, to test its re-interpretation of the geophysical source bodies as highly discordant to bedding and requiring a complete re-orientation of drilling azimuths.

This was based on novel geophysical and structural modelling while downhole electrical surveys have also confirmed a strong conductor to the west of a 2011 drillhole that failed to intersect a conductive source but did intersect discordant chalcopyrite-bearing veins.

Previous drillholes at the more than 10 kilometre long Cormorant target have returned results such as 98 metres at 0.24% copper, 72 metres at 0.21% copper, 55 metres at 0.25% copper and 11 metres at 0.7% copper.

JOGMEC may earn a 51% interest in the 14 tenements north of Cloncurry by spending a total of $4.0 million by 31st March 2013.

The tenements cover an area of 546 square kilometres and basement units are concealed by Mesozoic sediments from 50 to 150 metres thick.

 

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Wed, 11 Jul 2012 12:10:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159311/minotaur-exploration-drills-for-copper-and-gold-with-jogmec-in-queensland--31168.html
<![CDATA[News - Minotaur Exploration marks out kaolin exploration target in South Australia ]]> https://www.proactiveinvestors.com.au/companies/news/159310/minotaur-exploration-marks-out-kaolin-exploration-target-in-south-australia--28443.html Minotaur Exploration (ASX: MEP) has for the first time defined a 570 to 810 million tonne exploration target at its Poochera Kaolin Project near Streaky Bay, South Australia.

The target, which is estimated to contain 40% to 60% kaolin, is based on 220 historical drill holes and 224 new air core drill holes at five separate deposits.

The five deposits consist of Condooringie Well; Carey’s Well; Tootla; Karcultaby South and Tomney though the exploration target is separate from the measured resources of 16.3 million tonnes of kaolinised granite at 49% kaolin that the company had defined in February.

Minotaur said that while the historical well data was of lesser quality compared to its 2011 drill data, its analysis was supported by data from the new drill holes.

The company had previously said the resource at Carey’s well remained open to both the southeast and the northeast and that further close-spaced drilling was required to fully define northern, southern and eastern limits of the resource.

 

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Thu, 03 May 2012 12:10:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159310/minotaur-exploration-marks-out-kaolin-exploration-target-in-south-australia--28443.html
<![CDATA[News - Minotaur Exploration finalises talks on sale of assets, granted trading halt ]]> https://www.proactiveinvestors.com.au/companies/news/159309/minotaur-exploration-finalises-talks-on-sale-of-assets-granted-trading-halt--27848.html Minotaur Exploration (ASX: MEP) has been granted a trading halt by the ASX as it completes discussions with a third party regarding the disposal of some of its exploration assets.

The company did not elaborate further on what assets it plans to sell.

Minotaur recently sold off its interest in the Tunkillia Gold Project in South Australia to Mungana Goldmines (ASX: MUX) in exchange for $4 million cash and just over 3 million Mungana shares.

The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Monday 23 April.

 

 

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Thu, 19 Apr 2012 12:50:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159309/minotaur-exploration-finalises-talks-on-sale-of-assets-granted-trading-halt--27848.html
<![CDATA[News - Minotaur Exploration steps up to 8 million tonne measured kaolin resource ]]> https://www.proactiveinvestors.com.au/companies/news/159308/minotaur-exploration-steps-up-to-8-million-tonne-measured-kaolin-resource-25046.html Minotaur Exploration (ASX:MEP) now has increased confidence in its Carey’s Well kaolin deposit in South Australia after delivering a maiden measured resource of 8 million tonnes of kaolin.
   
The resource, which is contained within 16.3 million tonnes of kaolinised granite at 49% kaolin, was a result of infill drilling carried out in 2011 at the Carey’s Well kaolin deposit and sample processing through Minotaur’s own purpose built pilot plant that is installed nearby.

Minotaur added the measured resource remains open to both the southeast and the northeast with further close-spaced drilling required to fully define northern, southern and eastern limits of the resource.

Carey’s Well is one of the deposits located at the company’s 100% owned Poochera Kaolin project.

Minotaur plans to install additional equipment including a pilot plant scale rotary calcining kiln and an Alpine-Hosokawa classifier mill plus ancillary equipment at its pilot plant in the current quarter.

Once this is commissioned, the company will move ahead with calcining trial’s of Carey’s Well bulk samples.

The Poochera kaolin deposits are located about 100 kilometres southeast of Ceduna and 45 kilometres east of Streaky Bay.

Minotaur had A$1.5 million in cash as of the end of 2011 along with just under A$5.1 million in investments in other ASX-listed companies.

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Wed, 08 Feb 2012 16:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159308/minotaur-exploration-steps-up-to-8-million-tonne-measured-kaolin-resource-25046.html
<![CDATA[News - Minotaur Exploration inks maiden 1.5Bt magnetite JORC Resource for Muster Dam ]]> https://www.proactiveinvestors.com.au/companies/news/159307/minotaur-exploration-inks-maiden-15bt-magnetite-jorc-resource-for-muster-dam--22513.html Minotaur Exploration (ASX: MEP) has achieved a major milestone with the inaugural JORC Inferred Resource of 1.5 billion tonnes at a Davis Tube Recovery (DTR) of 15.2% magnetite for the Muster Dam deposit.

Consultants Hellman and Schofield estimated the resource at Muster Dam, which is one of several magnetite prospects within the Mutooroo Magnetite project in South Australia, 100 kilometres southwest of Broken Hill.

The Resource confirms the Muster Dam deposit has the scale and grade to produce the required throughput of a high-quality magnetite concentrate.

Importantly, the extremely low level of deleterious elements measured in the concentrate suggests that the product will be attractive to blast furnace consumers.

It also confirms the continuity of grade in the formation and provides significant confidence in the ability of the other prospect areas to add significantly to the tonnage of magnetite mineralisation at similar grades.

Mutooroo Magnetite is a joint venture between Sumitomo Metal Mining Oceania Pty Ltd (59.1%) and Minotaur (40.9%) and contains laterally consistent, well bedded, magnetite-bearing strata that occurs over a strike extent of 40 kilometres.

To date, the Muster Dam drilling has covered just 6 kilometres of strike length of the magnetite-bearing Braemar Iron Formation.

Metallurgical test work on diamond drill samples continues for a project Scoping Study, with completion due in the first quarter of 2012.

In addition to Muster Dam, magnetite deposits occur at the Duffields, Surrender Dam, Peaked Hill, Peaked Hill West and Muster Catch prospects where the company is undergoing regional exploration.

Minotaur had A$1.8 million cash at the end of the September quarter.

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Thu, 24 Nov 2011 11:21:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159307/minotaur-exploration-inks-maiden-15bt-magnetite-jorc-resource-for-muster-dam--22513.html
<![CDATA[News - Minotaur Exploration discovers 10km long copper gold mineralisation trend near Cloncurry ]]> https://www.proactiveinvestors.com.au/companies/news/159306/minotaur-exploration-discovers-10km-long-copper-gold-mineralisation-trend-near-cloncurry-19251.html Minotaur Exploration (ASX: MEP) has unearthed a large 10 kilometre long copper-gold mineralisation trend from recent drilling and geophysics at the Cormorant prospect near Cloncurry, western Queensland.

Two drillholes, located respectively 1.0 and 1.7 kilometres north of the historic Cormorant Prospect intersected 11 metres at 0.70% copper (Cu) and 55 metres at 0.25% Cu with individual 1-metre intercepts of up to 1.9% Cu.

The discovery has unveiled significant widths and a greatly expanded strike extent, confirming Cormorant as an extensive iron oxide copper-gold prospect.

The project area is located within the highly prospective Eastern Succession of the Mount Isa Inlier which hosts numerous large Iron Oxide Copper Gold style deposits including those at Ernest Henry, Osborne and Mount Elliot.

Confirmation of its presence beyond Gypsy Plains, 6 kilometres to the south of Cormorant, indicates the mineralized trend can now be traced for over 10 kilometres, making it a very large and significant new exploration target under the black soil plains north of Ernest Henry.

The mineralisation is characterized by massive and brecciated iron sulphides displaying a pyrrhotite +chalcopyrite association over a strike in excess of 10 kilometres.

New ground geophysical data continues to track the target body for a further 2 kilometres north of the current drilling.

A total of three drill holes were completed in July and August as part of a major exploration program with joint venture partner JOGMEC (the Japan Oil, Gas and Metals National Corporation) across 14 tenements north of Cloncurry and Xstrata's (LON: XTA) Ernest Henry Mine.

JOGMEC may earn a 51% interest by spending a total of $4.0 million by 31st March 2013.

The tenements cover an area of 546 square kilometres and basement units are concealed by Mesozoic sediments from 50 to 150 metres thick.

Previous drilling at the Cormorant Prospect confirmed the presence of an “Eloise-style” magnetite- and pyrrhotite-bearing alteration system with anomalous copper and gold. A subsidiary system has also recently been recognized at Gypsy Plains.

Drilling in late 2010 at the Gypsy Plains Prospect further confirmed a sub-parallel sulphide breccia system about 5 kilometres to the southeast of the Cormorant Prospect.

Best assay results included 12 metres at 0.33% Cu (346–358 metres) and 4 meters at 2.15% zinc (Zn) (200–204 metres).

Minotaur considers that the sulphide–rich breccias along the Cormorant and Gypsy Plains trends form part of a very large mineralized system extending proximal to the eastern faulted margin of the Cloncurry Block.

The scale of the system underlies the potential for a significant mineralized body.

The company is planning further geophysical surveys and drilling to identify more copper-rich portions of this exciting new mineralized discovery.

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Mon, 05 Sep 2011 10:42:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159306/minotaur-exploration-discovers-10km-long-copper-gold-mineralisation-trend-near-cloncurry-19251.html
<![CDATA[News - Minotaur Exploration in JV with Sumitomo Metal Mining, targeting 4Bt of magnetite ]]> https://www.proactiveinvestors.com.au/companies/news/159305/minotaur-exploration-in-jv-with-sumitomo-metal-mining-targeting-4bt-of-magnetite-16531.html Minotaur Exploration (ASX: MEP) has set its sights on up to a four billion tonne magnetite exploration target with Japanese joint venture partner Sumitomo Metal Mining Oceania Pty (TYO: 5713) at the Mutooroo Magnetite Project, west of Broken Hill in South Australia.

Technical consultancy group Hellman and Schofield Pty prepared the exploration target estimate using initial drilling, extensive 2D and 3D geophysical modelling assessment, and Davis Tube Recovery (DTR) rates of 14.5% to 16% using a nominal 10% DTR magnetite cut-off.

Test work has shown the potential for concentrates containing 68.8% iron with acceptable silica and low content of deleterious elements that illustrate the chemical consistency and quality for magnetite concentrates produced at Mutooroo.

Kicking off exploration is an extensive 15,000 metre campaign of reverse and diamond drilling, with the target a JORC Inferred Resource later this year.

The project’s deposits are also open at depth therefore providing scope for future depth extension to the estimate.

Mutooroo is located on tenement EL 3745 and 100 kilometres southwest of Broken Hill, with the tenements magnetite-bearing strata extending over a strike length of about 40 kilometres, and clustered primarily around the Muster, Duffields and Surrender Dam anomalies.

Minotaur will hold 40.9% of the joint venture, with Sumitomo 59.1%.


Infrastructure Alliance

A consortium to build up infrastructure has been formed in the increasingly prospective Braemar Iron Formation that stretches across the border area of South Australia and New South Wales west of Broken Hill.

The alliance comprises companies at different mining stages in the region, including Carpentaria Exploration (ASX: CAP), Havilah Resources (ASX: HAV), Royal Resources (ASX: ROY), U308 (ASX: UTO) and Minotaur; alongside private companies, Sinosteel PepinNini Curnamona Management, Bonython Metals Group, Wentworth Metal Group.

Andrew Woskett, managing director of Minotaur is the spokesman.

The alliance has a common interest in the region requiring a major deep water port facility on South Australia’s Spencer Gulf located 150 kilometres west of the alliance area, plus power, water and transport infrastructure throughout Braemer.

Spokesman Woskett said that if all projects proceed to development, an investment mix of A$6 billion or more could be foreseen over the forthcoming decade bringing significant downstream opportunities to the involved regions.

Woskett said “the presence of iron mineralisation has been recognised since the 1960s but only in the past few years, with the impetus of higher iron ore prices, have explorers actively sought to define the province’s resources to the Australian JORC standard.”

The potential mineable deposits throughout Braemer have a potential for up to 20-40 billion tonnes magnetite, according to Alliance members.

Braemer stretches for approximately 250 kilometres from Peterborough in South Australia to Broken Hill in New South Wales.

Further, the alliance plans to work with the South Australian Chamber of Mines and Energy (SACOME) to ensure it delivers a consistent message to government.

In the short term, the alliance will work under the SACOME umbrella, until formalising its own corporate structure.

 

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Tue, 24 May 2011 12:27:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159305/minotaur-exploration-in-jv-with-sumitomo-metal-mining-targeting-4bt-of-magnetite-16531.html
<![CDATA[News - Minotaur Exploration drilling identifies thick magnetite intervals at Mutooroo ]]> https://www.proactiveinvestors.com.au/companies/news/159304/minotaur-exploration-drilling-identifies-thick-magnetite-intervals-at-mutooroo-14725.html Minotaur Exploration (ASX: MEP) has established the presence of very thick magnetite-bearing sediments from a detailed drill traverse through the Mutooroo magnetite deposit.

The sediments are up to 750 metres thick, 10km wide and contain moderate to high degrees of magnetisation.

The Mutooroo magnetite project southwest of Broken Hill in South Australia is part of the Border Joint Venture between Sumitomo Metal Mining Oceania Pty Ltd (59.1%) and Minotaur Exploration (40.9%).

Five holes were drilled along an east west traverse at Muster Dam and two holes at Muster Catch near Mutooroo Homestead for a total of 1595m.

Test work is underway to determine the precise iron content for these glacial iron-bearing sediments.

The correlation of assays, DTRC, petrophysics and geophysics will follow to enable estimation of exploration target size and the finalisation of a detailed forward work program.

The Carpentaria Exploration (ASX: CAP) Hawsons Iron project, just west of Mutooroo, has a 'global project exploration target’ of 6 to 11 billion tonnes of magnetite.

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Thu, 17 Mar 2011 15:19:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159304/minotaur-exploration-drilling-identifies-thick-magnetite-intervals-at-mutooroo-14725.html
<![CDATA[News - Minotaur Exploration targets magnetite in new drilling near Broken Hill ]]> https://www.proactiveinvestors.com.au/companies/news/159303/minotaur-exploration-targets-magnetite-in-new-drilling-near-broken-hill-13609.html Minotaur Exploration (ASX: MEP) has commenced new drilling at the Mutooroo Magnetite project, which is strategically located just 90 kilometres south-west of Broken Hill.

Highlighting the potential exploration success, the Carpentaria Exploration (ASX: CAP) Hawsons Iron project with a 'global project exploration target’ of 6 to 11 billion tonnes of magnetite is just west of Mutooroo.

Eight holes have been designed to test five magnetite bearing sedimentary packages within the Braemar Iron Formation.

Drilling will be down to 300 metres, for a total of 1600 metres of reverse circulation and 300 metres of diamond core drilling.

 

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Wed, 02 Feb 2011 14:19:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159303/minotaur-exploration-targets-magnetite-in-new-drilling-near-broken-hill-13609.html
<![CDATA[News - Minotaur Exploration hits copper zinc mineralisation at Gypsy Plains IOCG target ]]> https://www.proactiveinvestors.com.au/companies/news/159302/minotaur-exploration-hits-copper-zinc-mineralisation-at-gypsy-plains-iocg-target-13254.html Drilling by Minotaur Exploration (ASX: MEP) at the Gypsy Plains IOCG target has unveiled an extensive sulphide-rich hydrothermal system.

The system has abundant veins and breccia zones rich in pyrrhotite and associated copper-gold mineralisation.

Highlights include hole MNDDH016 which intersected 12 metres at 0.33% copper (346–358 m downhole) and 4m at 2.15% zinc (200–204 m).

The identified basement conductors extend along strike for approximately 10 kilometres and further drilling will commence immediately after the current wet season.

The iron oxide copper-gold (IOCG)-style mineralisation in the Cloncurry area of northwest Queensland is being explored by Minotaur in a Joint Venture with Japan Oil, Gas and Metals National Corporation (JOGMEC).

Minotaur is manager for the JV which covers 546 km2, incorporating 14 tenements, and commenced in February 2010.

Assessment is continuing to ascertain if a more copper-rich portion is present within the hydrothermal system that apparently extends for over 10 kilometres to Cormorant and Cormorant North as per the “Eloise-style” mineralisation model.

Further targets at Cormorant and Cormorant North, developed from a combination of magnetic, gravity and electrical geophysical data, await drill testing in April.

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Thu, 20 Jan 2011 12:52:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159302/minotaur-exploration-hits-copper-zinc-mineralisation-at-gypsy-plains-iocg-target-13254.html
<![CDATA[News - Minotaur Exploration has a maiden JORC of 70,500 gold ounces at Golden Mountain ]]> https://www.proactiveinvestors.com.au/companies/news/159301/minotaur-exploration-has-a-maiden-jorc-of-70500-gold-ounces-at-golden-mountain-11661.html A maiden inferred JORC of 70,500 gold ounces, with a gross value of just under $100 million based on the current gold price, has been estimated at the Golden Mountain project by Minotaur Exploration (ASX: MEP).

A total of 180 diamond and reverse circulation drill holes were used to compile the resource estimation.

Minotaur recently entered into an option agreement with Mining Projects Group (ASX: MPJ) to explore and, at Minotaur’s election, subsequently acquire Xplor Pty Ltd, a wholly owned subsidiary of Mining Projects Group.

The Golden Mountain mining licence covers 2kms of the east-west portion of the southern contact zone of the Strathbogie Granite, which Minotaur said historically around 130,000 ounces of gold were won from downstream alluvial deposits, presumably derived from the granite contact zone.

The licence contains a number of open pit and underground gold workings, including the Meades mine which was the most significant operation, producing 8,600 gold ounces from a maximum depth of 60 metres early in the twentieth century.

 

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Fri, 12 Nov 2010 11:50:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159301/minotaur-exploration-has-a-maiden-jorc-of-70500-gold-ounces-at-golden-mountain-11661.html
<![CDATA[News - Minotaur Exploration kicks off drilling at Aphrodite IOCG target ]]> https://www.proactiveinvestors.com.au/companies/news/159300/minotaur-exploration-kicks-off-drilling-at-aphrodite-iocg-target-11054.html Minotaur Exploration (ASX: MEP) has commenced drilling at the Aphrodite IOCG target, 35 kilometres southeast of Olympic Dam in South Australia, as part of its fourth quarter 2010 drill program.

The program also encompasses the Louth Base Metals Project, the Cloncurry IOCG Project, the Mutooroo Magnetite Project and the Border Base Metals Project.

Aphrodite is a significant, 6 kilometre-long, gravity-only target interpreted to represent a number of sub-vertical hydrothermal, haematite-rich breccias pipes.

Initial drillhole AS09D03 drilled to a depth of 804 metres in 2009, intersected highly altered basement rocks cut by late-stage veinlets containing carbonate, fluorite, haematite bornite and chalcopyrite.

Alteration and veining are indicative of a fertile IOCG hydrothermal system in the near vicinity.

Subsequent more detailed geophysical surveys resulted in a significant shift of the target and a new drillhole is now being collared 600m to the southwest of AS09D03.

Diamond drilling is expected to continue for approximately 3 weeks, followed by core cutting and assaying as appropriate.

On October 12, a gold assay of 56.4g/t Au was returned from surface rock chips samples by Minotaur at Lisle's Reef at the Mt Tarrengower prospect at Maldon in Victoria, lending credence to a drill program to test Lisle's Reef below the old workings.

MEP has a market cap of A$24.16 million and had A$4.12 million cash at the end of the June quarter.

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Fri, 22 Oct 2010 08:42:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159300/minotaur-exploration-kicks-off-drilling-at-aphrodite-iocg-target-11054.html
<![CDATA[News - Minotaur Exploration identifies high grade gold from rock chips at Maldon ]]> https://www.proactiveinvestors.com.au/companies/news/159299/minotaur-exploration-identifies-high-grade-gold-from-rock-chips-at-maldon-10737.html A gold assay of 56.4g/t Au was returned from surface rock chips samples by Minotaur Exploration (ASX: MEP) at Lisle's Reef at the Mt Tarrengower prospect at Maldon in Victoria - lending credence to a drill program to test Lisle's Reef below the old workings.

Assays from 21 out of 22 chip samples from the mineralised outcrop returned anomalous gold grades, with the second most significant 11.2g/t Au.

Minotaur recently entered into an Option Agreement with Mining Projects (ASX: MPJ) to explore and, at Minotaur’s election, subsequently acquire Xplor Pty Ltd, a wholly owned subsidiary of Mining Projects.

Xplor is the owner of exploration licence EL 4533 at Mt Tarrengower.

Minotaur intends to now conduct further intensive surface mapping and sampling around the Mt View/Lisle’s Reef area, to finalise optimum collar locations for drillholes to test the deeper potential of the Lisle’s Reef system.

The Mt View/Lisle’s Reef area historically produced about 68,000 ounces of gold to a depth of 60 vertical metres from a number of shafts and workings along a mineralised ridge line extending for over 1km, up to the summit of Mt Tarrengower.

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Tue, 12 Oct 2010 10:25:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159299/minotaur-exploration-identifies-high-grade-gold-from-rock-chips-at-maldon-10737.html
<![CDATA[News - Minotaur Exploration obtains final access approval for drilling Aphrodite ]]> https://www.proactiveinvestors.com.au/companies/news/159298/minotaur-exploration-obtains-final-access-approval-for-drilling-aphrodite--9973.html Minotaur Exploration (ASX: MEP) has obtained the final approval of access tracks for drilling of the Aphrodite IOCG target in central South Australia.

Local roads remain affected by recent heavy rain limiting access by heavy vehicles at present, with drill operations expected to commence in late September and continue through to early October.

Drilling at the Louth Project in western New South Wales has been affected by persistent rain, and operations there have halted.

Subject to re-opening of tracks, drilling at Louth is expected to continue from mid to late September, with the rig then moving to Aphrodite.

Following this, the rig will be employed for the remainder of the year at Mutooroo in eastern South Australia on base metal and magnetite target evaluation.

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Mon, 13 Sep 2010 11:37:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159298/minotaur-exploration-obtains-final-access-approval-for-drilling-aphrodite--9973.html
<![CDATA[News - Minotaur Exploration to form new public company to explore Thomson Fold Belt, NSW ]]> https://www.proactiveinvestors.com.au/companies/news/159296/minotaur-exploration-to-form-new-public-company-to-explore-thomson-fold-belt-nsw-1628.html Exploration in the poorly explored Thomson Fold Belt in north western New South Wales where Minotaur Exploration (ASX: MEP) has a joint venture with PlatSearch NL (ASX:PTS), just received a huge boost.  Minotaur and PlatSearch will form a new investment vehicle, Thomson Resources Ltd to explore the nine tenments held for gold and base metals.

The region is under explored due to ~100 m thick sedimentary cover. Since early 2007 the two companies have formed seven joint ventures to explore 10 exploration licences covering 2,229 square kilometres. Three holes intersected iron sulphides in the form of disseminated and vein pyrrhotite, and intervals of elevated geochemistry including high silver (up to 70.5 g/t Ag) and tungsten (389ppm), signifying that a metalliferous, hydrothermal system has been operative in the area.

The system may represent a NW extension of the Palaeozoic Cobar Basin which hosts major deposits as the world class Endeavour/Elura (Pb+Zn+Ag) and CSA (Cu+Pb+Zn).

Thomson Resources is proposed as the public company vehicle to fast track exploration in this region and both Minotaur and PlatSearch will seek to have Board representation and a significant shareholding in TMO.

Minotaur and PlatSearch now hold a dominant ground position within a belt that can be expected to generate new mineral discoveries provided sufficient, long term, well targeted exploration funding is focused into the region.

Minotaur also owns investments in listed companies: Toro Energy, Petratherm, Mithrill Resources, PlatSearch and ActivEX.

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Wed, 03 Jun 2009 11:42:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159296/minotaur-exploration-to-form-new-public-company-to-explore-thomson-fold-belt-nsw-1628.html
<![CDATA[News - Minotaur Exploration has high hopes for two major copper-gold drill campaigns ]]> https://www.proactiveinvestors.com.au/companies/news/159295/minotaur-exploration-has-high-hopes-for-two-major-copper-gold-drill-campaigns-1495.html Minotaur Exploration Ltd (ASX:MEP) has commenced two major drill campaigns for copper-gold mineralisation for 2009. 

- at the Booubyjan Project west of Gympie in eastern Queensland,
- at the Douglas Project east of William Creek in northern South Australia.

At Booubyjan, (Minotaur 51%, ActivEX 49%), the work program drill test the central Booubyjan alteration systems to significantly greater depths than previously attempted, within the core of the system.

Mitsubishi Corporation and Mitsubishi Materials Corporation will fully fund the 2009 exploration programme of $650,000 at Booubyjan.  Mitsubishi has an option to earn 24% in the project.

Up to six holes are planned - a program of four holes in the Bath-White Horse area and two holes in the Kakapo area for a total of 2950 metres.

At Douglas, Minotaur has a Right to Explore and Option to Purchase Agreement with Rio Tinto (ASX:RIO).  Drilling will test a large, untested gravity target on this eastern edge of the Gawler Craton in South Australia. The region is characterized by very little past exploration.

The company believes strong similarities exist between this region and deposits such as Mt Isa and Ernest Henry of western Queensland, and Prominent Hill (125 km to the southwest) and Olympic Dam (200 km to the south).

The Douglas Target remains one of the largest untested gravity targets on the Gawler Craton. Minotaur will be drill testing this target utilising assistance from PIRSA, under its PACE Initiative to assist regional mineral exploration programs.

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Wed, 20 May 2009 12:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159295/minotaur-exploration-has-high-hopes-for-two-major-copper-gold-drill-campaigns-1495.html
<![CDATA[News - Minotaur Exploration increases stake in geothermal company, Petratherm ]]> https://www.proactiveinvestors.com.au/companies/news/159294/minotaur-exploration-increases-stake-in-geothermal-company-petratherm-1132.html Minotaur Exploration (ASX Code:MEP) has advised that it has acquired 2,000,000 shares in Petratherm Ltd (ASX:PTR) and now holds 20,437,501 shares, or 32%. The acquisition was by the exercise of 2,000,000 options expiring on 24th March 2009 at 20 cents per option.

The Company held options over a further 3,000,000 shares and arranged for these shares to be taken by others, thus injecting a total of $1 million into Petratherm.

Petratherm is a geothermal exploration and development group, initiated within Minotaur between 2002 and 2004, listing on the ASX in 2004, with major interests located in South Australia and Spain. Within South Australia, the primary project is located at Paralana in the Flinders Ranges, where Beach Petroleum and TRUenergy are joint venture partners in an enhanced geothermal energy project. In Spain, a district heating project in the Madrid basin is at the feasibility stage.

The Company is pleased to continue its strong support of Petratherm.

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Tue, 31 Mar 2009 11:19:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159294/minotaur-exploration-increases-stake-in-geothermal-company-petratherm-1132.html
<![CDATA[News - Minotaur Exploration doubles kaolin resource and completes kaolin pilot plant ]]> https://www.proactiveinvestors.com.au/companies/news/159293/minotaur-exploration-doubles-kaolin-resource-and-completes-kaolin-pilot-plant-0840.html Minotaur Exploration (ASX:MEP) has advised of a doubling in Inferred Resource for the Carey’s Well high-grade kaolin deposit, wholly owned by Minotaur and located at Poochera on the far west coast of South Australia’s Eyre Peninsula.

In addition, the Company announces the completion of a pilot plant to test the quality and recovery rates for the enhanced deposit.

Kaolin resource doubled

Following an assessment of previous drill results, together with an additional six large diameter drill holes and confirmatory laboratory testing by Minotaur, an Inferred Resource of 20 million tonnes of “bright white” kaolinised granite has been estimated for the Carey’s Well deposit, previously reported as 9 million tonnes (Carey’s Well resource statement ASX release 2 May 2008).

The “bright white” kaolinised granite lies within a larger Inferred Resource of 47.2 million tonnes of white to off-white kaolin body that is approximately 4 kilometres long and 2 kilometres wide. The average thickness of this body is approximately 8.5 metres with a maximum thickness of approximately 20 metres. The resource has been defined by using qualitative data derived from logging of the 1 metre kaolin samples collected during drilling.

It is considered that further close-spaced resource drilling and analytical testing will improve the resource classification and may increase the size of the resource especially to the south and east.

Pilot Plant completed

The Company announced in October 2008 its intention to construct a pilot plant to be used to process the bulk samples collected during the 2008 drilling program. The tests would help determine the most appropriate processing technology for the deposit. The plant is designed to remove the quartz from the bulk samples of kaolinised granite. This yields a raw kaolin product which is then calcined (heated to about 9400C). Calcining produces a high value product suitable for paper coating and paint, rubber and plastic filler.

The plant is now complete and is awaiting final commissioning.

Minotaur holds investments in the following ASX listed companies:

Petratherm (ASX:PTR) – 18,437,501 shares (31.81%) plus 5 million options
Toro Energy (ASX:TOE) – 32,001,000 shares (5.76%)
Mithril Resources (ASX:MTH) – 8,900,000 shares (18.9%)
PlatSearch (ASX:PTS) – 8,750,000 partly paid shares (9.9%)
Activex (ASX:AIV) – 2,000,000 shares (6.6%) plus 1,000,000 options

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Tue, 10 Feb 2009 00:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159293/minotaur-exploration-doubles-kaolin-resource-and-completes-kaolin-pilot-plant-0840.html