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Minotaur Exploration starts South Australia copper-gold drilling

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Minotaur Exploration (ASX: MEP) has started drilling at its Catch Dam and Mingary copper-gold targets in South Australia.

The four hole program consists of one deep diamond hole at the Bella Vista anomaly at Catch Dam and three reverse circulation holes near the old Mingary Mine.

At Catch Dam (EL 4352), induced polarisation surveys in 2012 identified a number of significant positive chargeability anomalies proximal to positive gravity anomalies and within a magnetically quiet zone.

The largest of these IP anomalies is the soil-covered Bella Vista target where the chargeability anomaly has a very high computed amplitude of 72 mrads* and occurs at a depth of 100 metres to 150 metres.

There are no historical drillholes in the vicinity of the Bella Vista target.

The strength of the chargeability anomaly coincident with a conductive anomaly makes for a potential target for copper-gold mineralisation.

Near the historic Mingary copper Mine on EL 4745, limited surface geochemical sampling of tectonised quartzite and gossanous ironstone indicated highly anomalous gold (up to 1.7 grams per tonne), silver (up to 8.5g/t), copper (up to 0.16%) and lead (up to 2.1%).

Ground electromagnetic surveying delineated two conductive bodies, one coincident with the lode horizon and a second, deeper zone.

 

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