- First drilling by the Minotaur-Mitsubishi joint venture at Arthurville, NSW;
- 5 initial drillholes designed to test 3 geophysical targets;
- 1,200m RC drill campaign underway.
Arthurville Joint Venture
Exploration on the Arthurville project, 30km south-east of Dubbo NSW, is underway. Minotaur is exploring EL 7588 in joint venture with Mitsubishi Materials Corporation and Mitsubishi Corporation (together ‘Mitsubishi’) where Mitsubishi may earn 49% participating interest in the tenement through expenditure of $970,000.
The Arthurville tenement is prospective for porphyrystyle copper and gold within the Molong Volcanic belt of the Lachlan Orogen, host to several significant porphyry Cu-Au deposits in eastern Australia, such as Cadia-Ridgeway and Copper Hill.
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