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Minotaur Exploration (ASX:MEP) - Managing Director, Andrew Woskett
Managing Director, Andrew Woskett
Source: Kalgoorlie Miner
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  • Minotaur Exploration (MEP) has completed a drilling program at the Gettysberg prospect, part of the Pyramid Gold Project in Queensland
  • The 12-hole program tested a new geological model and gold zones within a previously defined gold envelope
  • Minotaur has submitted 785 samples to the lab and assay results are expected by the end of the month
  • Soon after, the company will begin an induced polarisation survey to test extensions to mineralisation along a two-kilometre gold zone
  • Minotaur’s shares are trading in the grey at 14.5 cents

Minotaur Exploration (MEP) has completed a first-pass drilling program at the Gettysberg prospect, part of the Pyramid Gold Project in Queensland.

The project covers 150 square kilometres and comprises two prospective gold areas: West Pyramid Range and East Pyramid Range.

Previous drilling defined a north-northeast gold envelope that spans 500 metres long and between 25 and 100 metres wide.

Historical gold results include 15 metres at 4.22g/t gold, eight metres at 7.31g/t gold, 23 metres at 3.22g/t gold and 35 metres at 4g/t gold.

The recently completed reverse circulation program included 12 holes, for 1416 metres. It aimed to test a new geological model and discrete higher-grade gold zones within the gold envelope.

Minotaur has submitted 785 samples to the lab and assay results are expected by the end of the month. The company will use the results to further assess the Gettysberg gold system’s potential.

Additionally, Minotaur is gearing up to begin an induced polarisattion survey along the Gettysberg Fault corridor. The survey will begin next month and will test extensions to mineralisation across a two-kilometre zone.

Company shares are trading in the grey at 14.5 cents at 12:31 pm AEST.

MEP by the numbers
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