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Minotaur Exploration Ltd.

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Summary

Project:

Eloise

Deposit:Jericho
Location:Australia
Commodities:Copper-Gold-Silver
Date:7/16/2020
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resources Definition
Report details:16-7-2020: Minotaur Exploration Ltd. announces a Resource Estimation report for its Jericho deposit at the Eloise project. Initial Mineral Resource Estimate for Jericho. A maiden Mineral Resource estimate of the Jericho copper-gold system was completed by
Resources:(Resources, Inf.): 6.9Mt @ 1.6% Cu, 0.34g/t Au, 1.8g/t Ag
CP/QP:[Resource] Phillippa Ormond (Internal)
ABSTRACT:A maiden Mineral Resource estimate of the Jericho copper-gold system was completed by OZ Minerals Ltd (OZ Minerals) on behalf of the Jericho JV. Jericho is located 65km south-east of Cloncurry in Queensland and within 3km of the Eloise copper-gold mine (Figure 1). Minotaur Exploration (Minotaur) publishes this report on behalf of the Jericho JV. The Inferred Mineral Resource estimate for the Jericho copper-gold system was estimated at 9.1 million tonnes grading 1.4% Cu, 0.3 g/t Au and 1.6 g/t Ag. (Table 1 and Figure 1). The Mineral Resource has been reported within a 0.8 percent copper constraining shell. Estimates for tonnes and grade at alternate copper constraining shells are also included in Table 1 for reference. Jericho mineralisation is primarily hosted within two main parallel lodes (J1 and J2) generally 120 metres apart along +3.5km of strike length, dips steeply west and is open along strike and at depth. The Inferred Mineral Resource encompasses about 2,000m of strike through the central portions of J1 and J2 lodes only (Appendix 1).

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