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Minotaur Exploration Ltd.
Summary
| Project: | Eloise | |
|---|---|---|
| Deposit: | Jericho | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 12/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-12-2017: Minotaur Exploration Ltd. announces an Exploration/Drilling Update report for its Jericho deposit at the Eloise project. Drilling results incl. 46m @ 0.74% Cu, 0.12g/t Au from 214m. Minotaur Exploration Ltd (ASX: MEP, ‘Minotaur’) provides a dr | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Glen Little (Internal) | |
| ABSTRACT: | Minotaur Exploration Ltd (ASX: MEP, ‘Minotaur’) provides a drilling update for the Eloise JV, northwest Queensland. Ten holes are complete (EL17D05-EL17D14), including eight holes at Jericho and one hole each at ‘Arlington’ and ‘St Louis’, all testing electromagnetic (EM) conductors located along the southern Levuka Shear Zone and close to the Eloise copper-gold mine (Figures 1 and 2). Drilling is now suspended due to the imminent northern Australia wet season. This frst reconnaissance drill program has been highly successful locating copper-gold mineralisation, very similar in style to that developed at the nearby Eloise copper-gold deposit, associated with extensive basement EM conductors. Jericho comprises multi-plate EM conductors covering combined 8km of strike (Figure 2). Eight holes are now complete; a single hole toward the southern end of the J1 conductor and 7 holes in the central part of the anomaly testing the J1, J2 and J3 conductors. Hole EL17D07 at Arlington did not return any copper values of signifcance. Visual estimates of copper sulphide content in holes EL17D10-EL17D13 at Jericho were reported recently2,3 and assays for these holes will be available over the next 2-3 weeks. Drill hole EL17D14, targeting the J3 conductor at Jericho, up-dip of hole EL17D06, is complete and intersected stringer, vein and crackle breccia hosted pyrrhotite-chalcopyrite over 301.6-307m (Figure 3). Visual estimates4 indicate the average chalcopyrite content over the interval is <1%. | |
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