In November 2020, Minotaur Exploration completed its due diligence and has proceeded to acquire 100% ownership of the Pyramid Gold Project from Avira Resources.
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).