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Minotaur Resources, JOGMEC drilling for copper-gold at Cloncurry, Queensland

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Minotaur Resources (ASX: MEP) has resumed drilling to test new copper-gold targets at its Cloncurry Joint Venture Project in Queensland.

The four holes totalling 1,650 metres, which are being drilled with Japan Oil, Gas and Metals National Corporation (JOGMEC), will be drilled on the Cormorant South, Woolshed Waterhole and Cotswold targets.

These were evolved from geophysical surveys which generated a number of positive anomalies worthy of further appraisal and testing.

Geophysical surveying will continue with a detailed aeromagnetic survey over the northwest portion of the JV area expected to commence later this month.

Evaluation of data from recently completed induced polarisation, ground electromagnetic and gravity surveys continues.

JOGMEC has a 51% interest in the 14 tenements north of Cloncurry.

 

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