Resource drilling completed at Mutooroo

摘要

INITIAL resource drilling has been completed at Minotaur Resources' Mutooroo Magnetite Project in South Australia's northeast. A total of 48 RC holes for 12,818 metres and 6 diamond drill holes for 1827 metres have been drilled on the Muster Dam magnetic target to nominal depths of 300 metres at 60 degree inclination. Laboratory assays, Davis Tube Recovery (DTR) and metallurgical test work are continuing with a formal resource based on recoverable magnetite expected to be estimated by the end of the year. Initial results confirm the mineralized widths and grades at the Muster target are consistent along the 6km strike length tested by drilling.