Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Minotaur Exploration Limited(ASX:MEP)Inaugural Drilling Underway At Osborne Project  Join our daily free Newsletter

MENAFN - ABN Newswire - 04/08/2013

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - ABN Newswire)http://www.abnnewswire.net/rss2/menafn/abn_menafn_en.asp

Minotaur Exploration Limited (ASX:MEP) announce that drill testing of four new targets for copper-gold mineralisation within the Osborne Project, 160 km south of Cloncurry, Queensland (Figure 1 in link below), has commenced. The four-hole diamond drill program (totalling 1,500 m) initiates Minotaur's inaugural drill investigation of geophysical targets on its Osborne Project tenements. It is expected to take four weeks to complete.

The new drill targets evolved from geophysical surveys, including IP and gravity, conducted earlier in the year at the Osprey, Brolga, Wedgetail, Bustard, Ibis and Crane prospects (Figure 2, see link). The surveys generated a number of positive anomalies worthy of further appraisal and testing. Selected for initial drill testing are the Osprey East and Osprey West IP targets, the Brolga East IP target and the Wedgetail combined magnetic/gravity target.

Targets at Bustard, Ibis and Crane require further geophysical surveying to guide design of a drill program, whilst tenement EPMA19066 containing the Cassowary target is yet to be granted (Figure 2).

IP surveys at the Osprey prospect delineated two sub-parallel chargeable zones trending southwards for over 800m. These anomalies are interpreted to represent southward extensions of known mineralisation at and around Inova Resources Limited's (ASX:IVA) Kulthor Mine. Two anomalies on IP Line 7552400 have been selected for drill testing (drill holes OS1 & OS2, Figure 3). Depth to basement is interpreted to be less than 50 m.

IP surveying at the Brolga prospect revealed a number of chargeable anomalies. One of these, Brolga East, in a favoured structural position east of a curvilinear magnetic anomaly, has been selected for drilling (hole BR2 to 300m depth, Figure 4). Interpreted depth to basement is 50-75 m, there being no prior drill holes near this geophysical feature.

IP anomalies at each of the Osprey and Brolga targets have no discernible magnetic expression, the target mineralisation style being disseminated to semi-massive sulphides (similar to known mineralisation at Kulthor Mine, 4km to the north) rather than magnetite-hosted iron oxide copper-gold (IOCG) mineralisation and breccia as at Ernest Henry Mine, 35km northeast of Cloncurry.

Reconnaissance IP survey lines at the Wedgetail prospect revealed a weak positive anomaly on the eastern line. Of greater attraction are coincident subtle gravity and magnetic anomalies occurring within a NW-trending fault zone that truncates the southern margin of a granitic intrusion. A single historic drillhole (AND24) in this area, by BHP in 1992, intersected brecciated gneiss, psammite and granite with matrix of chlorite and vuggy quartz veins containing minor chalcopyrite, hematite and pyrite. Depth to basement was 98 m. Proposed drill hole WE4 is 500 m from BHP hole AND24 and targets possible IOCG style mineralisation.

Drilling now underway is the first drill programme to be conducted by Minotaur at its 100% owned Osborne project.

To view diagrams, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-MEP-748046.pdf

 






  MENA News Headlines
Apr 23 2014Omantel launches service package for youth ,MENAFN
(MENAFN) Omantel announced launching 'Ozone' plan, a new package designed especially for the youth. This comes with the company"s constant efforts to enhance the communication needs of its customers, ...

Apr 23 2014Dh154 billion for Arabtec projects ,Khaleej Times
(MENAFN - Khaleej Times) Arabtec will spend dh140 billion on building one million low-cost houses in egypt and dh14 billion on five mixed-use residential projects in abu dhabi and dubai its chief ...

Apr 23 2014?Titli? makers excited about Cannes selection ,Khaleej Times
(MENAFN - Khaleej Times) The movie about the badlands of delhi?s dystopic underbelly will be in competition as part of the un certain regard section of the 67th cannes film gala to be held may ...

Apr 23 2014Saudi- Yaroub Bashraheel: In search of peace ... underwater ,Arab News
(MENAFN - Arab News) You've heard of diving snorkeling and other water activities but rarely has anyone heard of free-diving. it's a form of diving underwater without the aid of any breathing ...

Apr 23 2014Saudi- Schneider highlights intelligent health care solutions at forum ,Arab News
(MENAFN - Arab News) Schneider electric a global specialist in energy management is set to showcase its leadership in intelligent health care solutions at the second saudi forum for planning and ...

Apr 23 2014Saudi- Divorcees can seek housing ,Arab News
(MENAFN - Arab News) The kingdom will accept applications from saudi divorced women and widows for financial and housing support said justice minister muhammad al-issa.al-issa called on applicants ...

Apr 23 2014Saudi Savola Group revenue up 43 pct in Q1 ,MENAFN
(MENAFN) Saudi Arabia's Savola Group registered a 43 percent increase in profits in the first quarter, well over expectations of analysts, Arabian Business reported. According to a statement to ...

Apr 23 2014Saudi- New passport office opens at Red Sea Mall ,Arab News
(MENAFN - Arab News) The passport department has opened a new office for citizens and residents at the red sea mall.gen. abdul rahman bin abdullah al-tuwairki deputy director general of the ...

Apr 23 2014Tamouh steps up activity on projects ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi-based real-estate developer tamouh has scaled up construction activity on all of its announced reem island projects to meet the rising demand for prime spaces in ...

Apr 23 2014Kowait- Police deportation powers curbed ,Arab Times
(MENAFN - Arab Times) Kuwait city april 3 (afp): kuwaiti police will no longer be able to deport expatriates without interior ministry approval under new rules published thursday after officers ...

Apr 23 2014Kowait- Amiri Diwan urges all off tape case ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (agencies): the amiri diwan has called on everybody to steer clear of the controversial tape issue and let the public prosecution take the necessary ...

Apr 23 2014Kowait- New hospital to be ready by 2014 end ,Arab Times
(MENAFN - Arab Times) Kuwait city jan 14 (kuna): director of the 'mega projects 3' group at kuwait oil company (koc) yaqoub dashti said on tuesday that the new ahmadi hospital would be ready to ...

Apr 23 2014Seven tied for the lead in chess championships ,Khaleej Times
(MENAFN - Khaleej Times) Former champion sukandar grabs lead of asian continental women?s chess. former asian women’s champion wgm irene sukandar of indonesia (left) beat wim ni shiqun ...

Apr 23 2014Here?s your chance to share screen space with SRK ,Khaleej Times
(MENAFN - Khaleej Times) Groupon india has joined hands with srk?s red chillies entertainment to give fans a chance to feature with the superstar in his upcoming film ?happy new year?. if you ...

Apr 23 2014Saudi- Noha Al-Sharif — an expert in Islamic sculpture ,Arab News
(MENAFN - Arab News) Saudi sculptress noha al-sharif is known for her islamic inspired sculptures that reflect both religion and lifestyle. the concept of modern art attracted her to this medium ...

Apr 23 2014Saudi- ASUS showcases product series at Aramco Week ,Arab News
(MENAFN - Arab News) Asus described as the world's renowned consumer notebook vendor and producer of the 'world's best-selling motherboards" recently participated in aramco week and showcased a ...

Apr 23 2014Saudi- Five to die for 2003 attacks ,Arab News
(MENAFN - Arab News) A special criminal court on sunday convicted five people of terror related charges and sentenced them to death. thirty-seven others were sentenced to varying prison terms for ...

Apr 23 2014Qatar's Ezdan Holding buys 20 percent stake in Widam Food ,MENAFN
(MENAFN) Qatar-based Ezdan Holding Group said that it acquired a 20.16 percent stake in Widam Food Co. in a bid to promote investments and diversify its portfolio, The Peninsula Qatar ...

Apr 23 2014Kowait: 5938 illegal residents said 'rectified' status ,Arab Times
(MENAFN - Arab Times) Kuwait city april 5 (kuna): up to 5 938 illegal residents have modified their status since formation of the central agency for remedying illegal residents' status in 2011 ...

Apr 23 2014Kowait- 'All must join hands to save youth from strife' ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (kuna): minister of information and minister of state for youth affairs sheikh salman al-sabah said tuesday the youth ministry has completed a study ...

more...


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help