Oct 15, 2018

New joint venture for Minotaur Exploration

New joint venture for Minotaur Exploration

Minotaur Exploration has entered a new exploration joint venture with a private entity over a 629sq km tenement package 60km south of Charters Towers.

The company said area covered by the Windsor joint venture was prospective for zinc-lead-silver-copper-gold mineralisation.

A geophysics budget of $450,000 for the first nine months of the joint venture term was expected to be followed by drill
testing, Minotaur said.

The Windsor joint venture project area.

A first-round drill campaign should be complete by June 2019.

Minotaur may earn up to 80 per cent equity in the project by spending $4 million within five years of commencement.

Minotaur last week announced further significant copper-gold intersections for its Eloise joint venture with Oz Minerals at Jericho, located 60km south-east of Cloncurry.

And it has launched a diamond drilling campaign for the Osborne joint venture project with JOGMEC in north-west Queensland.

That exploration effort is seeking Cannington-style silver-lead-zinc and Eloise-style copper-gold mineralisation.

 

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