Proactive Investors - Run By Investors For Investors

Minotaur Exploration and Mitsubishi kick off copper-gold porphyry drilling in NSW

Minotaur Exploration and Mitsubishi kick off copper-gold porphyry drilling in NSW

Minotaur Exploration (ASX:MEP) and joint venture partner Mitsubishi Materials Corporation (TYO:5711) will today commence drilling at the Arthurville copper-gold porphyry prospect in New South Wales.

Mitsubishi is capitalised at $425 billion, and may earn a 49% participating interest in the tenement through expenditure of $970,000.

The 1,200 metre reverse circulation campaign follows induced polarisation surveys carried out in 2013, resulting in selection of 3 geophysical targets, and is expected to take 3 weeks to complete.

The Arthurville tenement lies within Molong Volcanics of the Lachlan Fold Belt, host to several significant porphyry copper-gold deposits such as Northparkes and Copper Hill.

At Arthurville, outcropping exposures of Molong Volcanics exhibit copper mineralisation within porphrytic basalt and host numerous small, historic copper workings.

Minotaur is also involved in a copper-gold joint venture with Japan Oil, Gas and Metals National Corporation (JOGMEC) in the Cloncurry district, Queensland.

The company is capitalised at around $18 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

View full MEP profile View Profile

Minotaur Exploration Ltd Timeline

Related Articles

1554206107_Jupiter-Mines---Tshipi-ore.jpg
April 02 2019
The Tshipi manganese has a 100-year mine life, and a track record of delivering cash flow and profits
wedding rings
February 05 2019
Alba holds 11.765% of the Horse Hill project near Gatwick Airport in the UK’s Weald basin
Cobalt symbol, Co
March 12 2019
Winmar is planning a London listing and intends to return to the ASX.

© 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