logo-loader
Mining
Minotaur Exploration Ltd

Minotaur Exploration to discuss copper discovery at Sydney, Melbourne Luncheons

au_qld_map_350_5409417a10fcb.jpg

Minotaur Exploration (ASX:MEP) shares have jumped 42.9% to $0.20 since 30 July after intersecting a broad zone of polymetallic Eloise-style copper-gold mineralisation at the Artemis polymetallic prospect in Queensland.

Drilling has returned results of 24 metres at 2.12 grams per tonne gold, 1.58% copper and 4.74% zinc; 21 metres at 5.06% zinc, 1.85% lead, 69 g/t silver, 0.84% copper and 0.73g/t gold; and 22 metres at 3% copper, 3.8g/t copper, 112g/t silver and6.6% zinc.

Proactive Investors has secured managing director Andrew Woskettto present the latest at the upcoming "Sydney Investor Luncheon” on Wednesday 10th September, and the "Melbourne Investor Luncheon" on Thursday 11th September.


REGISTER HERE: Sydney and Melbourne.

The drilling at Artemis has confirmed polymetallic mineralisation downdip for at least 110 metres and with three holes intersecting high grade mineralisation indicating the project is a significant new discovery.

Minotaur has also started ground-based electromagnetic survey across the Saints nickel sulphide deposits at its Scotia Project just 65 kilometres northwest of Kalgoorlie.

This will refine the geometry of known nickel mineralisation at the St Andrews, St Patricks and Western Contact positions and guide drill programs to expand mineralised boundaries.

The Scotia tenement includes the Scotia underground nickel mine that produced 31,000 tonnes of nickel metal, at an average grade of 2.2% nickel, to 360 metres depth, until its abrupt closure in 1977.

In addition, drilling around the old Mingary Mine on EL4745 in South Australia returned 16 metres at 1.07g/t gold and 16 metres at 0.66g/t gold and 0.38% copper.

Drilling has also commenced on priority EM targets on the Eloise Copper Joint Venture while geochemical sampling and mapping has commenced on a second round of gold targets at the Leinster Gold Joint Venture in Western 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.

Quick facts: Minotaur Exploration Ltd

Price: $0.05

Market: ASX
Market Cap: $17.39 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

Bulls, Bears and Brokers: Alto Capital's Tony Locantro on backfoot investing...

Tony Locantro, stock market commentator and investment manager at Alto Capital, provides Proactive Investors with an update on the junior end of the market.    Investors should avoid buying stocks that rely on news flow to prop up prices, says Locantro, going on to say he...

on 21/3/19

2 min read