Minotaur establishes exploration target for Poochera Kaolin Project, South Australia May 3, 2012Posted by Fortbridge in Mining.
Tags: exploration target, minotaur exploration, Poochera Kaolin Project, south australia
Minotaur Exploration Limited (ASX: MEP) has announced an Exploration Target for its Poochera Kaolin Project on tenement EL 4575. The tenement is held 100% by Minotaur’s wholly-owned subsidiary Great Southern Kaolin Pty Ltd. It is located near Poochera, about 50 kilometres inland from the coastal town of Streaky Bay on the west coast of South Australia’s Eyre Peninsula and just 150km from the bulk handling port at Ceduna.
- An Exploration Target* has been determined, for the first time, for the entire Poochera Kaolin Project near Streaky Bay, South Australia.
- The Exploration Target is based on 220 historical drill holes and 224 new air core drill holes at five separate deposits.
- The Exploration Target is estimated at 570 to 810 million tonnes of white kaolinised granite containing 40% to 60% minus 45 micron kaolin (kaolinite ± halloysite) with high ISO Brightness (R457 ≥ 80).
- The Exploration Target is in addition to the recently announced Carey’s Well Measured Resource of 16.3 million tonnes of “bright white” kaolinised granite.