Minotaur Exploration (ASX: MEP) has completed a single 456 metre diamond drill hole testing the ‘Bella Vista’ IP anomaly at Catch Dam in South Australia.
A sequence of calc-silicates with disseminated and thin veinlets of pyrrhotite and pyrite was intersected, considered to adequately explain the IP high-amplitude chargeability anomaly targeted by the drill hole.
Geological logging of drill core supplemented by a hand-held XRF instrument indicated the presence of persistent but low levels of chalcopyrite and sphalerite.
Reliable gold analysis to meaningful detection limits is not possible with an XRF device, so conventional laboratory analysis is required to determine gold assays.
Drill core is presently being cut and submitted for geochemical analysis.
This drilling forms part of the Border Joint Venture, encompassing 4 tenements, between Sumitomo Metal Mining Oceania with 57.8%, and Minotaur with 42.2%.
Attention has now shifted to the old Mingary Mine on the Bonython Hill tenement, where three reverse circulation holes are underway to test the lode horizon for gold and base-metals mineralisation.
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