Proactive Investors - Run By Investors For Investors

Minotaur Exploration hits broad gold mineralisation at Mingary in South Australia

Minotaur Exploration hits broad gold mineralisation at Mingary in South Australia

Minotaur Exploration (ASX:MEP) has returned broad gold assays from maiden drilling at its Mingary Mine in South Australia.

Significant gold values over 600 metre strike included 16 metres at 1.07 g/t gold and 0.26% copper from 80 metres, and 16 metres at 0.66 g/t gold and 0.38% copper from 104 metres.

Minotaur believes there is potential for the mineralised horizon to extend for 2 kilometres.

Notably, The historic Mingary Mine is located just 75 kilometres southwest of Broken Hill, the home of BHP Billiton (ASX:BHP)

Historic workings are within secondary copper mineralisation associated with a distinctive quartz horizon thought to represent a tectonised, recrystallised sandstone unit.

Previous exploration drilling in the 1970’s was limited to 5 shallow holes focused on testing the lode horizon for base metals mineralisation.

Those holes were all to the north of the old workings and were not assayed for gold.

Rock chip sampling by Minotaur identified gold values up to 1.64g/t at the old workings and 1.7g/t over exposures along strike 1 kilometre to the north.

Subsequent surveying identified coincident conductors, which were the target of this initial drilling.

Mineralisation is potentially open in all directions and further mapping and sampling is planned to better define its extents.

 

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

Base Resources
December 07 2018
"The Kwale mine is now built and operating smoothly and is supported by a healthier minerals sands pricing environment," Berenberg said.
A gold pour
February 27 2019
Metalla aims to leverage precious metal exposure by acquiring royalties and streams to build value for shareholders
Drilling is underway at Apollo Hill project
February 19 2019
Apollo Hill Gold Project in the Eastern Goldfields is the key focus.

© 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