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).

 

MEP Location of Cloncurry JV

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

 

 

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