EL 5019, 5210, 5263, 5554, 5573; OZ Minerals 100% (Minotaur testing selected targets in collaboration with OZ Minerals), Area 3,532km2
Minotaur and OZ Minerals are collaborating in exploration around the Prominent Hill mine, through an exploration alliance.
Minotaur’s target generation model uses ground EM to source iron sulphide copper-gold (ISCG) conductors; potential hosts for copper mineralisation. ISCG style mineralisation occurs in pyrrhotite matrix breccia and as late pyrrhotite-chalcopyrite veins synchronous with brittle faults. IOCG style mineralisation occurs as magnetite-pyritte with minor chalcopyirte in a skarn-like assemblage.
Late in 2017 a single diamond hole into the Maverick EM anomaly revealed chalcopyrite mineralisation of about 1% over a 35m interval, requiring further investigation.
Figure 1: Regional airborne magnetic image (TMI RTP) with Skylark Shear Zone superimposed and new EM survey areas outlined