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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 received “encouraging” assays from the Gettysberg prospect at the Pyramid Gold Mine in Queensland
  • Twelve first-pass reverse circulation holes targeted high-grade gold zones within a previously defined 500-metre gold envelope
  • The drilling returned significant intercepts, including 33 metres at 1.74 g/t gold
  • Minotaur says the assays demonstrate good continuity and lay a sound foundation for further work
  • The next steps for Gettysberg include diamond drilling, while a ground induced polarisation survey covering Marrakesh to Pradesh prospects is scheduled for mid-May
  • Minotaur Exploration shares have spiked 4.17 per cent to trade at 12.5 cents

Minotaur Exploration (MEP) has received “encouraging” assays from the Gettysberg prospect at the Pyramid Gold Mine in Queensland.

Twelve first-pass reverse circulation (RC) holes, drilled as part of the company’s inaugural program, targeted high-grade gold zones within a previously defined 500-metre gold envelope.

The drilling returned significant intercepts, including 33 metres at 1.74 g/t gold, containing six metres at 4.19 g/t gold from 31 metres.

Minotaur says the assays demonstrate good continuity within the broad envelope area and lay a sound foundation for further work.

Looking ahead, the company is planning diamond drilling at Gettysberg to obtain oriented drill core and enable structural analysis for geological interpretation and drilling guidance.

Concurrently, a ground induced polarisation survey from the Marrakesh to Pradesh prospects is scheduled from mid-May.

Minotaur Exploration shares have spiked 4.17 per cent to trade at 12.5 cents at 3:13 pm AEST.

MEP by the numbers
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