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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.

 

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