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

Lake Yindarlgooda at Riversgold’s project in the Goldfields
February 15 2019
The Eastern Goldfields is Riversgold’s focus in Western Australia while it also has ground in South Australia and Alaska.
Lithium Australia aspires to ‘close the loop’ on the energy-metal cycle
March 12 2019
Recent results show high-quality lithium-ion batteries can be generated from mine waste using its process.
Gold nugget
November 22 2018
Such is the size of the two nuggets, they are now touring the world’s museums as curios

© Proactive Investors 2019

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