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Minotaur Exploration Ltd.
Summary
| Project: | Eloise | |
|---|---|---|
| Deposit: | Jericho | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 12/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-12-2018: Minotaur Exploration Ltd. announces an Exploration/Drilling Update report for its Jericho deposit at the Eloise project. Drilling results incl. 0.95m @ 10.30% Cu, 2.47g/t Au from 256.75m. Minotaur Exploration Ltd (ASX: MEP, ‘Minotaur’) reports | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Glen Little (Internal) | |
| ABSTRACT: | Minotaur Exploration Ltd (ASX: MEP, ‘Minotaur’) reports completion of the 2018 field season for the Eloise Joint Venture with OZ Minerals, located 60km southeast of Cloncurry, north west Queensland. Assays from final 3 drill holes at Jericho copper-gold prospect again extend its mineralised footprint. With every hole in its parallel systems reporting copper values the Joint Venture has committed to intensify drilling at Jericho. Nearby, regional ground EM surveys delineated “Seer”, a new basement conductor. Drilling at Jericho is suspended with the onset of the northern wet season. The final 3 holes (Figure 1), bringing the total to 38 for around 14,850m, deliver more copper-gold intersections and strengthen the JV’s view that Jericho demonstrates potential to be a significant discovery. Hole EL18D40 was designed to test mineralisation in both J1 and J2, north beyond previous drill holes (Figures 2-4). Three zones of mineralisation were intersected: a narrow zone of appreciablegrade copper-gold at J1 and a narrow, high-grade copper-gold intercept at J2. Interestingly, a new shallow zone named J1a (Figure 4) with strike of 400m has been recognised. Hole EL18D41 was designed to probe a 1km gap in southern J2 zone (Figures 3 and 4), where our geological model indicated mineralisation should occur but had not been tested. The hole skimmed across the top of J1 enroute to J2 where narrow but very high grade copper-gold mineralisation was intersected, with the nearest hole some 500m away. | |
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