Proponents behind one of the most closely-watched green-fields exploration plays in Australia should know by mid-year whether to advance the project to the first stage of due diligence. Joint venture partners Minotaur Resources Ltd and Oxiana Ltd are currently completing a 2.5 million dollars 14,000 metre combined RC and diamond drilling program to establish a JORC-compliant estimate for their Prominent Hill hydrothermal copper-gold-iron oxide prospect in central South Australia. Early results from the latest field work have been encouraging, with intersections of 103 metres at 2.52 percent copper and 1.10 grams/tonne gold (from 53-256m) and 133m at 1.74 percent copper and 1.36 8/t gold (264-397m) in the eastern edge of Prominent Hill's mineralisation.
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