EL 5403, EL 5450 and (Stavely Minerals earning 51%).
The Lexington exploration licences (EL’s) cover portion of the highly prospective Grampians-Stavely and Stawell Zones in western Victoria. The exploration model is for polymetallic (i.e. Pb-Zn-Ag, Cu-Au,) basemetal mineralisation associated with mafic-felsic volcanic strata and Stawell-style lode gold mineralisation in metamorphosed sedimentary sequences.
Stavely MInerals Limited (ASX: SVY) has farmed in to the tenements and through exploration expenditure may earn a controlling interest in the tenements.
Figure 1. Magnetic image of western Victoria showing major tectonic terrains and Minotaur tenements (in red).