In the words of Minotaur Exploration Ltd's managing director Derek Carter, the company has identified four exploration criteria when it comes to looking for another gorilla. The South Australian-based junior -- which re-listed earlier this year after selling its remaining stake in the evolving giant Prominent Hill iron oxide-copper gold deposit body to major shareholder Oxiana Ltd -- is currently involved in 14 active joint ventures across 48 tenements in SA, New South Wales and Queensland. During his Sydney presentation, Carter focused mainly on the junior's activities in SA's Gawler Craton, where Minotaur has just started a drilling program north of Tarcoola on the Gibraltar and Partridge Range holdings as well as on the Iron Baron and Roopena prospects north west of Whyalla. The company is focusing on areas where several "sweet spots" coincide. The first of these sweetners, Carter explained, related to the source rocks or geology.
展开▼