Pyramid Gold

The Pyramid tenement group is located 180km south of Townsville (Figure 1). The project, covering 150km2 embraces two main areas prospective for gold, being the West Pyramid Range and East Pyramid Range (Figure 2).

Minotaur is attracted to the project by the very credible drilling history and an extensive geochemical database, positioning Pyramid as a compilation of advanced gold exploration prospects. West Pyramid Range offers significant potential to expand the gold mineralisation footprint defined through historic work, especially along an 8km section of the Gettysberg Fault corridor. The East Pyramid Range is less advanced, however, Minotaur is of the view the area offers potential for Intrusion Related Gold Systems (IRGS), similar in style to other well-known gold deposits in the district (Figure 1) such as Mount Leyshon (+3.5Moz) and Mount Wright (+1Moz).

Minotaur’s inaugural work front will focus on the Gettysburg trend (Figure 3) along the West Pyramid Range, following Minotaur’s geological model, where RC drilling from late March 2021 will test for extension of the 500m strike envelope of known gold lodes. Drilling of 12 holes for 1300m should be completed by mid April.

Figure 1: Location of Pyramid Project, Queensland

 

Figure 2: West Pyramid and East Pyramid Ranges gold-in-soil anomalies and main prospect location

 

Figure 3: Gettysberg prospect showing location of drilling with gold assays, new geological model showing discrete ‘shoots’ of high-grade gold mineralisation with selected drill intercepts included. Minotaur’s initial drilling focus lies within the pink dashed area.

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