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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