For thousands of other reports visit RSC's Mineral Intellingence Map
Minotaur Exploration Ltd.
Summary
| Project: | Eloise | |
|---|---|---|
| Deposit: | Iris | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 10/19/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-10-2016: Minotaur Exploration Ltd. announces an Exploration/Drilling Update report for its Iris deposit at the Eloise project. JV - drilling results incl. 38m @ 0.47% Cu, 0.08g/t Au from 166m. The Iris Copper Prospect lies under shallow cover approxima | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Glen Little (Internal) | |
| ABSTRACT: | The Iris Copper Prospect lies under shallow cover approximately 5km north-east of the Eloise CopperGold Mine (Figure 1). The prospect sits along the Levuka Shear Zone within Mt Norna Quartzite, a regionally significant rock unit that hosts the Eloise and Osborne copper-gold mines and the Cannington silver-lead-zinc mine. Minotaur’s geological model for Iris is Iron Sulphide Copper Gold (ISCG) mineralisation similar in style to the Eloise coppergold deposit. Assays from the first two holes of the inaugural drill program at Iris returned anomalous copper and gold values associated with pyrrhotite over broad intercepts, confirming Iris as a significant new ISCG discovery. Drill hole EL16D04, testing the Iris North EM conductor (Figure 2), reported 42.1m @ 0.2% Cu and 0.03g/t Au from 199m (Table 2). Mineralisation is typically hosted in veinlets, both bedding/foliation parallel and in coexisting high-angle tension veins. Drill hole EL16D05, testing the Iris South EM conductor (Figure 2), reported 38m @ 0.47% Cu and 0.08g/t Au from 166m (Table 2). Mineralisation is hosted in veinlets, like hole EL16D04, but one zone in particular exhibits much stronger brecciahosted mineralisation, representing a more favorable structural setting. This zone contains 4m @ 1.65% Cu and 0.2g/t Au from 195m. The tenor of copper and gold in these two holes is consistent with Minotaur’s recently published1 visual estimates and substantiates our view of similarities to several early stage exploration holes drilled by BHP proximal to the Eloise deposit, leading up to its discovery in 1987. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report