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Minotaur Exploration Ltd.
Summary
| Project: | Eloise | |
|---|---|---|
| Deposit: | Jericho | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 10/9/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-10-2018: Minotaur Exploration Ltd. announces an Exploration/Drilling Update report for its Jericho deposit at the Eloise project. Drilling results incl. 26m @ 1.45% Cu, 0.21g/t Au from 162m. Minotaur Exploration Ltd (ASX: MEP, ‘Minotaur’) reports furthe | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Glen Little (Internal) | |
| ABSTRACT: | Minotaur Exploration Ltd (ASX: MEP, ‘Minotaur’) reports further signifcant copper-gold intersections for the Eloise JV at ‘Jericho’, located 60km southeast of Cloncurry, NW Queensland. Drilling at Jericho, positioned only 2-5km from the Eloise mine (Figure 1), has paused for compilation of the drill database. The drill rig has moved on to test other regional ground EM targets until the ‘wet season’ imposes feld activity shutdown in November. Since the start of drilling into the Jericho EM anomalies in October 2017 the joint venture has completed 28 holes for 12,840m. Jericho’s 2 mineralised plates are now well proven to extend for 3.3km (J1) and for 1km (J2), the centroids of which are sited 3km from the Eloise copper-gold mine. Assays for 6 holes (EL18D20-EL18D25) from J1 and J2 zones at Jericho are now available. Signifcant intercepts are summarised in Table 1 and detailed in Table 2. Five subsequent holes (EL18D26-EL18D30) are complete and await lab assay results. In each of these visible disseminated, stringer and breccia-hosted copper sulphide (chalcopyrite) was observed at the EM target position, reinforcing continuity of mineralisation along J1 and J2. Drill collar locations are presented in Figures 2 and 3 and Table 3. | |
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