Proactive Investors - Run By Investors For Investors

Minotaur Exploration hits high grade copper-gold-zinc at Artemis

Minotaur Exploration hits high grade copper-gold-zinc at Artemis

Minotaur Exploration (ASX:MEP) is likely to trade substantially higher today after reporting a significant copper-zinc-gold-silver discovery at its Artemis prospect in the Cloncurry region of Queensland.

The first drill hole at the Artemis Prospect, 20 kilometres west of the Eloise Copper mine, intersected a broad zone of polymetallic mineralisation.

Assays received to date have included 22 metres at 3% copper, 3.8 g/t gold, 112 g/t silver and 6.6% zinc from 157 metres.

This interval incorporated a higher grade section of 9 metres at 5.2% copper, 7.9 g/t gold, 181 g/t silver and 10.2%
zinc from 167 metres.

A zone of massive sulphides, flanked by peripheral zones of veining, was also encountered over a 34 metre intercept
from 148 to 182 metres.

The 10-hole drill program at 9 greenfield target sites commenced in June, with 8 holes now completed and assays awaited.

This exploration work is covered by the Eloise Copper Joint Venture with Golden Fields Resources.

Upon expenditure of $6 million over 4 years, Golden Fields may earn a 50% interest in the tenements.

Minotaur is capitalised at around $21 million, and also controls copper-gold projects in Western Australia, New South Wales and South Australia.

 

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

Man clasps together hands painted in Tanzanian flag colouring
March 08 2019
It is now exploring the market in Mauritius for its US$40 million development funding.
1539953338_lithium-100118-2.jpg
October 20 2018
Montero Mining already has an attractive lithium portfolio in Namibia
Cobalt symbol, Co
January 10 2019
The company is looking to supply its Canadian cobalt-copper to MeiDu Energy Corp.

© 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