Sign up Australia
Proactive Investors - Run By Investors For Investors

Minotaur Exploration identifies high grade gold from rock chips at Maldon

Minotaur Exploration identifies high grade gold from rock chips at Maldon

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.

View full MEP profile View Profile

Minotaur Exploration Ltd Timeline

Related Articles

graphite
January 18 2018
NextSource Materials Inc (TSE:NEXT) (OTCQB:NSRCF) may just be the best graphite company few investors know of.
Massive sulphides at TopTung’s new Alotta Nickel-Sulphide Project in Quebec, Canada
November 01 2018
The company’s shareholders have approved an acquisition as it advances a new corporate strategy.
Gold bars
July 18 2018
The drill results had returned wide zones of mineralisation, the company said

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use