Minotaur Exploration (ASX:MEP) and Avira Resources Ltd (ASX: AVW) have signed a binding Terms Sheet under which, subject to it satisfying its due diligence requirements, Minotaur may acquire 100% ownership of the Pyramid tenement group located 180km south of Townsville.
Minotaur Exploration Ltd
Minotaur Exploration Ltd (ASX:MEP) is a public company listed on the Australian Securities Exchange (ASX) under the market code MEP. MEP commenced trading on ASX on 25 February 2005. Minotaur has extensive minerals exploration tenements in South Australia, New South Wales, Victoria, Queensland and Western Australia.
The Company is governed by a Board of Directors according to Australian Corporate law and the Listing Rules of the ASX. Minotaur specialises in application of innovative geophysical techniques to locate virgin mineralisation deep below the surface. Often, economic mineral deposits are contained within basement rocks, buried below several hundred metres of transported cover (overburden) and cannot be located through conventional surface exploration methods such as soil sampling, geochemical assays and drilling. Minotaur's remote sensing and interpretative approach has proven very successful, time and time again.
The directors and management of Minotaur each have over 30 years of exploration, mining and mineral resource experience and are eminently qualified in their respective fields of expertise. Under their direction, Minotaur has earned a strong reputation for technical excellence and a high profile within the Australian resources sector. Minotaur's share register comprises 3500 shareholders.
Minotaur is actively exploring IOCG style targets in Australia, where geophysics have identified numerous sub-surface anomalies prospective for copper-gold mineralisation and other targets prospective for base metals such as zinc, lead, copper.
Minotaur Exploration (ASX:MEP) provide a company presentation on their Copper/Gold discovery near Cloncurry in Queensland.
Minotaur Exploration Ltd (ASX:MEP) has entered into a binding conditional Term Sheet to sell its Scotia and Leinster Nickel assets in Western Australia to ASX listed Auroch Minerals Limited (ASX:AOU) for $1.5m in cash and shares.
Already well established as a prolific project generator of base metals prospects and discoveries around the Cloncurry region of northwest Queensland, Minotaur Exploration (ASX:MEP) has enhanced its ties there with mid-tier copper producer OZ Minerals Ltd (ASX:OZL).
Story By David Upton: David Upton is one of Australia's leading writers on mineral exploration. He has BSc in Geology and is the author of The Olympic Dam Story.
Minotaur Exploration Ltd (ASX:MEP) reports significant copper-gold intersections for the Eloise JV at 'Jericho', located 60km southeast of Cloncurry, NW Queensland. Latest assays from drilling into the J1 structure delineate high grade copper at shallow depths, demonstrating the persistent nature of mineralisation at Jericho.
Mithril Resources Limited (ASX:MTH) advises that a maiden 2012 JORC Code compliant Indicated and Inferred Mineral Resource of 1.01Mt @ 3.9g/t gold (126Koz contained gold) has been estimated for the Spargos Reward Gold Deposit by independent mining consultants Al Maynard and Associates Pty Ltd on behalf of Corona Minerals Limited, Mithril's exploration partner at Spargos Reward.
Alt Resources Ltd (ASX:ARS) has entered into an agreement to acquire a 100 per cent interest in the Chameleon gold deposit and associated tenements in WA's Eastern Goldfields. The acquisition from Minotaur Gold Solutions Ltd, a majority owned subsidiary of Minotaur Exploration (ASX:MEP), includes a JORC 2012 resource for the Chameleon gold deposit.
Minotaur Exploration Ltd (ASX:MEP) and OZ Minerals (ASX:OZL) Collaborate on South Australia Copper Search
Minotaur Exploration (ASX:MEP) and OZ Minerals Ltd (ASX:OZL) are to co-explore for copper in its tenements around the Prominent Hill mine. The agreement brings Minotaur back in to the Mt Woods area of the Gawler Craton, it's origins Collaboration Agreement for the Mt Woods area.
Thomson Resources Ltd (ASX:TMZ) has worked up a number of outstanding drill targets in the "New Frontier" Thomson Fold Belt, as well as the Lachlan and New England Fold Belts in NSW. Two targets have resulted from a recent airborne EM survey; one near Byrock and one near Mudgee.