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13.0¢ minotaur exploration ltd

20c target very easy to achieve :)

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350 Posts.

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18/06/16

07:11

Post #: 18062574
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Originally posted by supafly ↑

Comments and coverage such as the below published on Thurdsay can only serve to improve MEP's exposure.

OZ exploring with a bulls head:

OZ Minerals (OZL: HOLD, $5.15 target price) has entered into a JV on MEP’s Eloise project near Cloncurry, Queensland. OZL has an option to spend up to $10m over six years to earn 70% of the project. MEP will remain project manager. A drilling program is underway to test strong induced polarisation (IP) targets at the Bullwinkle and Olympus prospects. Bullwinkle looks to be an extension of the Artemis massive sulphide Cu/Au/Zn system and Olympus has coincident elevated Cu from overlying gossanous rock chips (up to 7% Cu).

Figure 2. Regional map of the Eloise project

The first hole into the Bullwinkle prospect is well underway with target depth expected to be reached later this week or next. OZL have shown uncharacteristic interest in this early stage exploration, and anecdotally, OZL CEO Andrew Cole has described it as some of the best geophysical targets he has seen for some time.

Figure 3. Planned hole at the Bullwinkle prospect showing the coincident IP anomaly

Figure 4. Planned hole at the Olympus prospect showing the coincident IP anomaly

Source: MEP

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20c target very easy to achieve

MEP Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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