Proactive Investors - Run By Investors For Investors

Minotaur Exploration marks out kaolin exploration target in South Australia

Minotaur Exploration marks out kaolin exploration target in South Australia

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.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

View full MEP profile View Profile

Minotaur Exploration Ltd Timeline

Related Articles

1547726049_zinc-periodic-3.jpg
Thu
Constantine Metals has a broad portfolio of assets in Alaska and Ontario
1541425713_rsz_shutterstock_325392962.jpg
November 06 2018
The WUSA project is highly prospective for high and low sulphidation epithermal gold systems
Gold mine
November 19 2018
Gold had been intersected in all but one hole over a 12 hole drilling programme, with highlights including 25.9 g/t of Gold at 1-metre depth and 10.04 g/t of Gold at 3m depth

© 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