E29/661, P29/2121, M29/245, M29/246. Minotaur Gold Solutions Ltd 100% (of which Minotaur 99%).
The Scotia project is located some 65 km north-west of Kalgoorlie in the Goldfields district of Western Australia (Figure 1).
The project area covers 97 square km and offers both brownfield and greenfield Nickel and Gold prospectivity, with the Saints deposits and historic Scotia mine existing within the tenement boundaries (Figure 2).
E29/661 contains the Chameleon gold deposit for which a maiden JORC resource was issued on 29 July 2016.
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For a history of the Chameleon deposit click here.
Figure 1. Location of the Chameleon gold deposit relative to Scotia group tenements and Kalgoorlie
The historic Scotia mine ceased production in 1977 due to a mine collapse, having produced 1.4 Mt @ 2.2% Ni for 30,800t of contained Nickel. A structure truncates the main lode horizon and exploration for potential offset positions is required.
The Saints Project hosts the Saint Patricks, Saint Andrews and Western Contact deposits. An Inferred Resource of 135,600 t @ 3.7% Ni was calculated in 2006**. No JORC resource has been calculated for the Saint Andrews deposit which remains open to the north, south and at depth. The Western Contact mineralisation was discovered by Breakaway Resources in 2007 and is located some 350 meters west of the Saint Patricks and Saint Andrews deposits.
Minotaur has estimated an exploration target of > 30,000 tonnes Ni at Saints. Minotaur has also identified a number of targets throughout the Scotia Project area to assess through ground geophysics, mapping and drilling (Figure 2).
Figure 2. Plan of Saints Prospect showing locations of mineralised lodes and drillholes over geology.
**A resource of 135,600 t @ 3.70% Ni for 5,000 t contained nickel at the St Patricks deposit was estimated by RSG Global for Breakaway Resources in 2006 and classified by the Competent Persons, Mr Ingvar Kirchner and Mr Peter Buck, as an Inferred Resource under the 2004 JORC Code. See Breakaway Resources Annual Report 2006.
The Inferred Resource has not been updated since to comply with the 2012 JORC Code on the basis that the information has not materially changed since it was last reported. Minotaur confirms it is not aware of any new information or data that materially affects the information included in that announcement and that all material assumptions and technical parameters underpinning the estimates in that announcement continue to apply and have not materially changed.