Minotaur Exploration Ltd reports further significant copper-gold intersections for the Eloise JV at ‘Jericho’, located 60 km southeast of Cloncurry, northwest Queensland, Australia. Drilling at Jericho, positioned only 2-5 km from the Eloise mine, 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 field activity shutdown in November.
• 28 holes placed into Jericho for 12,840 m
• Assays received for six holes – all with significant copper-gold values
• Assays for five last holes are pending
• Copper mineralisation also visible in each of those holes
• Drilling into seven regional EM targets underway
• Extensive regional geophysical programme underway.
Since the start of drilling into the Jericho EM anomalies in October 2017 the joint venture has completed 28 holes for 12,840 m. Jericho’s two mineralised plates are now well proven to extend for 3.3 km (J1) and for 1 km (J2), the centroids of which are sited 3 km from the Eloise copper-gold mine.
The drill rig has relocated from Jericho and is now testing numerous nearby EM targets. The new drill campaign was authorised in September and is the major component of an additional A$2 million JV investment evaluating regional prospects.
Numerous conductors were identified mid 2017 as part of the ‘Route 66’ survey, however many were not drilled due to early success at Jericho elevating it to be the primary focus. The new drill programme comprises 13 holes for 4,750 m examining ‘Defiance’ (to follow up on one hole drilled into Defiance previously), ‘Bagdad’, ‘Pasadena’, ‘J4’, ‘Clementine’, ‘Winona’ and ‘Navajo’ targets. Drilling will operate around the clock until the campaign concludes in November.
A comprehensive regional geophysical program is underway, comprising two extensive EM surveys, a gravity survey and an airborne magnetics survey, all to develop a suite of new targets for drill investigation in 2019. The test areas canvas new ground that Minotaur acquired over recent months for the Eloise JV, including an area encompassing a major regional fold of Mount Norna Quartzite, the host sequence to the Eloise mine orebody and Jericho.
