viewMinotaur Exploration Ltd

Minotaur Exploration receives copper intersections above 2% at Jericho JV

Around 56 drill holes have been completed at the Jericho JV project since April.

Minotaur has a portfolio of exploration projects in South Australia and Queensland

Minotaur Exploration Ltd (ASX:MEP) has received multiple intersections of more than 2% copper in the latest drilling at the Jericho Joint Venture (JV) with OZ Minerals Limited (ASX:OZL) near Cloncurry, in North Queensland.

The 2019 drill program at Jericho deposit, part of the JV in which Minotaur holds 20%, is testing parallel J1 and J2 copper-gold lodes to around 250-300 metres below the top of the basement.

Principal aim of the ongoing program is to improve geological confidence in lode continuity and grade along 2.3 kilometres of J1 and 1.7 kilometres of J2.

READ: Minotaur Exploration obtains commitments to raise $1.25 million

Assays have been obtained for another 13 holes, which takes the total number of holes with results to 40 from the 56 completed to date.

Best intersections within J1 zone:

  • 21 metres at 1.04% copper and 0.15 g/t gold from 196 metres, including 6.8 metres at 2.26% and 0.29 g/t from 210.2 metres;
  • 17 metres at 0.91% and 0.27 g/t from 75 metres, including 4 metres at 2.60% and 0.96 g/t from 88 metres;
  • 29 metres at 1.02% and 0.21 g/t from 287 metres, including 10 metres at 1.77% and 0.44 g/t from 306 metres; and
  • 9 metres at 1.34% and 0.25 g/t from 83 metres, including 1 metre at 6.57% and 0.88 g/t from 106 metres.  


Notable intersections from J2 zone:

  • 9 metres at 1.03% and 0.35 g/t from 192 metres, including 3 metres at 2.32% and 0.46 g/t from 198 metres and 9 metres at 0.68% and 0.05 g/t from 219 metres;
  • 2 metres at 2.67% and 0.40 g/t from 307 metres, and 4 metres at 1.27% and 0.06 g/t from 323 metres;
  • 14 metres at 1.40% and 0.35 g/t from 213 metres, including 6 metres at 2.69% and 0.59 g/t from 221 metres; and
  • 12 metres at 1.62% and 0.20 g/t from 323 metres, including 6.9 metres at 2.45% and 0.22 g/t from 327 metres.

Results confirm continuity of mineralisation through the host structures J1 and J2.

A further 18 holes are to be assayed and reported for the current drilling campaign, which is about to conclude.

Quick facts: Minotaur Exploration Ltd

Price: 0.052 AUD

Market: ASX
Market Cap: $23.46 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Minotaur Exploration Ltd named herein, including the promotion by the Company of Minotaur Exploration Ltd in any Content on the Site, the...


Alto Capital's Tony Locantro talks through his stocks to watch for 2020

Alto Capital's Tony Locantro discusses with Proactive's Andrew Scott his list of stocks to watch - companies he reckons have a chance of making a decent hit in 2020. They include exploration firm Red Metal Limited (ASX:RDM), Minotaur Exploration Ltd (ASX:MEP), Dampier Gold Ltd (ASX:DAU), Hammer...

on 17/7/20

2 min read