Minotaur 100%, Area 667km²
Just 50km east of Mt Isa the Highlands Project straddles a major geological boundary between the Kalkadoon-Leichhardt Domain to the west and the Eastern Domain to the east, separated by the regional-scale Mt Remarkable Fault.
Copper sulphide mineralisation is known to occur in the area, most notably at the Barbara deposit located adjacent to the tenement group however, within the entire tenement package only 67 holes (equates to a single hole every ~11km2) have been drilled, of which only 5 extend deeper than 200m.
The previous owner conducted several wide area VTEM (airborne electromagnetic) surveys, each of which located numerous basement conductors indicative of sulphide mineralisation. Minotaur has built on that data, acquiring copper sulphide rock chip samples and EM targets coincident with the VTEM responses, all suggesting the presence of copper mineralisation. Minotaur has built on that data, acquiring copper sulphide rock chip samples and ground EM targets coincident with the VTEM responses, all suggesting the presence of copper mineralisation. Initial scout drilling at Gospel started mid October 2018 and will thereafter move to Coolibah.
Minotaur’s plan is to demonstrate the presence of copper sulphides (chalcopyrite) as is present at Barbara, thereby establishing prospectivity for copper-gold mineralisation around the tenement group. With that achieved Minotaur may seek exploration funding interest from third parties.