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.