logo-loader
Mining
Minotaur Exploration Ltd

Minotaur Exploration kicks off copper-gold drilling at Cloncurry

au_qld_map_350_5397a9f8745c0.jpg

Minotaur Exploration (ASX:MEP) has commenced a maiden drilling program at its Eloise copper-gold project in the Cloncurry region, Queensland.

Drilling will test multiple targets and is fully funded by Minotaur's JV partner. The partner can earn a 50% interest in the project via expenditure of $6 million over 4 years.

The Eloise Copper project tenements were acquired by Minotaur through its all-scrip take-over of Breakaway Resources late in 2013.

Of the 11 prioritised drill targets, eight have been surveyed for aboriginal heritage values and cleared for drilling.

On-ground electromagnetic surveys earlier this year validated numerous positively charged bedrock conductors under thin cover.

The company recently intersected broad gold assays from maiden drilling at its Mingary Mine in South Australia, which is located 75 kilometres southwest of Broken Hill, the home of BHP Billiton (ASX:BHP).

 

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.

Quick facts: Minotaur Exploration Ltd

Price: $0.06

Market: ASX
Market Cap: $18.73 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Minotaur Exploration Ltd named herein, including the promotion by the Company of Minotaur Exploration Ltd in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Minotaur Exploration reveals high-grade copper shoots at Jericho JV

Minotaur Exploration Limited (ASX:MEP) managing director Andrew Woskett updates Proactive Investors on the company’s Jericho JV (OZ Minerals 80%, Minotaur 20%) copper discovery southeast of Cloncurry, northwest Queensland. Early intercepts show encouraging results, with thick and high...

3 weeks, 2 days ago

2 min read