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.
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.
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