EPMs 18571, 18574, 18575, 18576, 18720, 19061, 19066, 25197, 25699, 25856, 25886, 25888 & EPM 25960 and EPMA 26230; Minotaur 100%, Area 1,994km2
Minotaur has fourteen exploration licences clustered around the Osborne copper-gold mine currently operated by Chinova Resources (Figure 1). These tenements are now in Joint Venture (JV) with Japan Oil, Gas and Metals National Corporation (JOGMEC).
Exploration objectives are IOCG and ISCG style copper-gold mineralisation and Cannington-style silver-lead-zinc mineralisation in the concealed eastern portion of the Mt Isa Block where basement units are overlain by cover sediments ranging up to more than 100m thick.
Minotaur is managing all exploration activities on behalf of the JV and is utilising our extensive in-house experience of IOCG and ISCG exploration and innovative geophysical techniques. Ongoing target generation is being aided by ground and airborne geophysical surveys over parts of the tenement package. These new geophysical data is being used to develop exploration targets for drill testing.
The 2017 field season will commence in Q2 2017 with the work program to include drilling of EM conductors at Winter, Lark and Robin prospects and additional ground EM surveys in the eastern port of the project area.
Figure 1: Osborne JV project tenements and main target locations over RTP magnetics image