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Minotaur Exploration Ltd.
Summary
| Project: | Eloise | |
|---|---|---|
| Deposit: | Jericho, Defiance | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 8/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-8-2018: Minotaur Exploration Ltd. announces an Exploration/Drilling Update report for its Jericho, Defiance deposit at the Eloise project. Drilling results incl. 38m @ 1.86% Cu, 0.52g/t Au from 426m. Minotaur Exploration Ltd (ASX: MEP, ‘Minotaur’) repor | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Glen Little (Internal) | |
| ABSTRACT: | Minotaur Exploration Ltd (ASX: MEP, ‘Minotaur’) reports that drilling continues at Jericho for the Eloise JV, located 55km southeast of Cloncurry, NW Queensland (Figure 1). The new campaign is probing depth extensions to recent strong copper-gold intersections at J1 conductor and J2 North conductor (Figures 2 and 3). Recent drilling at Jericho1 , reducing the on-strike hole spacing to between 150-300m on J1 conductor and to 150- 400m on J2 North conductor, for 7900m in total since April, is complete (Table 1). Mineralised intersections provide emphatic encouragement for further work. Assays for holes from that expanded drilling, other than EL18D15, are still pending. EL18D15, the frst of those holes, returned strong copper-gold values on both J1 and J2 North. Importantly, this hole extended mineralisation 400m north of previous drilling on J2 North (Figures 2 and 3), expanding its strike to over 900m. Summary results for EL18D15 are included below and detailed in Table 2. Demonstrating its growing confdence in the copper-gold potential of Jericho the Eloise Joint Venture has authorised another 2,500m of drilling, now underway. Whilst mineralisation is open in all directions, the new campaign will focus on down-dip extensions in two areas; the central zones of J1 and J2 North and then further south on J1 between holes EL18D05 and EL18D18 (Figure 3). | |
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