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Minotaur Exploration Ltd.
Summary
| Project: | Eloise | |
|---|---|---|
| Deposit: | Jericho | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 11/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-11-2017: Minotaur Exploration Ltd. announces an Exploration/Drilling Update report for its Jericho deposit at the Eloise project. Drilling results incl. 27m @ 2.42% Cu, 0.71g/t Au from 435m. Minotaur Exploration Ltd (ASX: MEP, ‘Minotaur’) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Glen Little (Internal) | |
| ABSTRACT: | Minotaur Exploration Ltd (ASX: MEP, ‘Minotaur’) is pleased to present assay data for the first two holes testing the newly defined1 Jericho electromagnetic (EM) complex and provide a drill program update for the Eloise JV, northwest Queensland (Figure 1). Jericho comprises multi-plate EM conductor zones (J1-J3) up to 4km in length (Figure 2). Two first-pass holes EL17D05 and EL17D06 (Table 1), placed 1.3km apart, confirm chalcopyrite and pyrrhotite as the source at each of the conductors2 and validate Minotaur’s iron sulphide copper gold (ISCG) exploration model for this area. Mineralisation style shares very strong similarities to the high-grade Eloise copper-gold deposit just 5 km north. Assays for these two holes are now complete and presented below. Hole EL17D06, in the middle of Jericho, was sited to intersect all 3 EM plates including the western (J1), central (J2) and eastern (J3) conductors (Figure 3). Pyrrhotite-chalcopyrite sulphides were confirmed as the source of each of the conductive anomalies. Particularly high grade copper-gold mineralisation is confirmed at J2 (Figures 4 and 5; Table 2), with lesser grade, but nevertheless highly significant, copper-gold mineralisation intersected over wide sulphide stringer zones at J1 and J3. Intermittent pyrrhotite, with minor chalcopyrite, was intersected over >80m across the J3 conductor position, with a narrow high grade coppergold intercept at 820m that may be indicating something more significant off-section (Figure 3) | |
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