The Windsor tenements are located 60km south of Charters Towers in mid north Queensland. Covering 629km² the 7 tenements offer discovery potential for multi-element deposits with similar geochemistry to nearby high-grade VMS style mines, such as Thalanga, Highway-Reward, Waterloo and Liontown (Figure 1). Stratigraphic horizons encapsulating those deposits are interpreted to continue through the Windsor ground (Figure 1). Past exploration has been inhibited by the highly conductive nature of the cover sequence overlying basement across significant parts of the project area, such that drilling is sparse and shallow. Where basement does outcrop drilling has been shallow, especially in modern-day terms; thus most of the tenement area is described as relatively lightly explored.
Minotaur considers its approach, as successfully deployed around the Eloise mine near Cloncurry, could provide a predictive mechanism to search the Windsor basement for sulphide sources of base metals zinc-lead-copper and silver-gold.
Under the JV agreement with the current tenement owner, a private entity, Minotaur may earn 80% interest through exploration expenditure of $4 million over 5 years.