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Minotaur Exploration (ASX:MEP) on Monday announced that exploration work has begun on the Leinster gold project in Western Australia, a joint venture property it acquired through the recent takeover of Breakaway Resources.
Minotaur Exploration (ASX:MEP) on Monday announced that exploration work has begun on the Leinster gold project in Western Australia, a joint venture property it acquired through the recent takeover of Breakaway Resources.
The work program comprises drilling at 7 targets where gold anomalies have been reported.
As quoted in the market news:
The Leinster joint venture provides for up to $3 million of expenditure over a 3 year period, including a first year minimum commitment of $900,000. If the whole $3 million program is completed the incoming JV party may earn 50% beneficial interest in the Leinster Gold Project. The program will test anomalous gold mineralisation in several locations. Minotaur is operator and manager of the joint venture.
Read the full press release by Minotaur Exploration (ASX:MEP)