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Minotaur Exploration receives copper intersections above 2% at Jericho JV

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

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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.

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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.

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