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Minotaur Exploration Ltd.

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Summary

Project:

Eloise

Deposit:Jericho
Location:Australia
Commodities:Copper-Gold
Date:10/25/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:25-10-2018: Minotaur Exploration Ltd. announces an Exploration/Drilling Update report for its Jericho deposit at the Eloise project. Drilling results incl. 30m @ 1.47% Cu, 0.21g/t Au from 130m. Minotaur Exploration Ltd (ASX: MEP, ‘Minotaur’) reports signi
Resources:x
CP/QP:[Overall Report]: Glen Little (Internal)
ABSTRACT:Minotaur Exploration Ltd (ASX: MEP, ‘Minotaur’) reports signifcant copper-gold intersections for the Eloise JV at ‘Jericho’, located 60km southeast of Cloncurry, NW Queensland. Latest assays from drilling into the J1 structure delineate high grade copper at shallow depths, demonstrating the persistent nature of mineralisation at Jericho Since discovery of copper-gold mineralisation at Jericho in October 2017 the Eloise joint venture has completed 28 holes for 12,840m. This largely broad spaced scout drilling has encountered copper-gold mineralisation in every drillhole along two modelled conductors that extend for 3.3km (J1) and for 1.2km (J2) respectively, the centroids of which are sited 3km from the Eloise copper-gold mine (Figures 1 and 2 Broad scale drilling at Jericho has encountered copper-gold mineralisation in every drillhole along each of the J1and J2 zones. Drill hole EL18D30 assays are pending for samples from within the central J2 section. Together, 3.3 km of copper-gold mineralisation along the J1 zone and 1.2km for the J2 zone clearly demonstrate Jericho is a very large Cu-Au mineral system in bedrock below approximately 30-75m of Mesozoic cover. At J1, recent drilling shows strong copper grades at shallow depths along 1km of strike, collectively in 2 sections, which is highly encouraging given the absence of shallow drilling north of hole EL18D15 (Figure 3). That northern portion, which is known to be mineralised, has not had any shallow drilling due to access issues; those are now resolved, paving the way for drill attention.

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