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Minotaur Exploration targets magnetite in new drilling near Broken Hill

Minotaur Exploration targets magnetite in new drilling near Broken Hill

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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