Minotaur Exploration Limited (ASX: MEP) – $0.130
16 Jan 2015
Minotaur Exploration Limited (ASX: MEP) has intersected anomalous zinc, copper and gold at the Cloncurry Joint Venture with JOGMEC (Japan Oil, Gas and Metals National Corporation, 52% interest) in northwest Queensland (Figure 1).
Figure 1. Location of the Cloncurry Joint Venture
Results received for three diamond drillholes include:
- 21 metres at 0.56% Zn, 0.28% Cu and 0.06g/t Au from 403 metres including 6 metres at 1.36% Zn, 0.14% Cu and 0.07g/t Au
The drilling program comprises seven drillholes targeting the copper-gold potential at Jessievale, Cyclone, Emu South, Clonagh South, Gidyea Bore and Cormorant South targets.
Another four drillholes remain to be completed due to the wet season and delays in negotiating appropriate land access agreements. Approximately 1,300 metres of drilling is planned and will target the Gidyea Bore, which displays an EM conductor and a gravity anomaly.
For further information, visit www.minotaurexploration.com.au
Resources Stocks to Watch (RSTW) is the leader in research on ASX micro to mid-cap mining stocks and commodities. We are independent and therefore not sponsored by the mining industry so we tell it like it is. Our research is written by experienced geologists and resources analysts, the experts in the field.