Copper exploration company Minotaur say they have found multiple copper intersections at its Jericho target at the Eloise Joint Venture south of Cloncurry.
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The company told the ASX last week they had completed five scout holes at Jericho “all intersecting significant copper sulphide mineralisation.”
Minotaur said the mineralisation was continuous over 600m of strike and open in all directions and they also had encouraging sulphides drilled at two other drill holes at Arlington and St Louis.
They now have two rigs operating at Jericho - drilling shallow profiles in extra three holes and drill assays were expected within three weeks.
“Three additional holes at Jericho and one hole each at Arlington and St Louis are complete, all testing electromagnetic anomalies located 5-13km south of the Eloise copper-gold mine,” the company said in a statement.
Jericho comprises multi-plate EM conductors covering a combined 8km of strike. Three step-out holes are complete, with the first hole having assayed 27m at 2.42% copper and and 0.71g/t gold. All three newer holes intersected copper mineralisation.
Arlington comprises a multi-plate anomaly up to 2.5km in length, modelled with a depth-to-top of 300-450m below surface. Pyrrhotite was intersected in two main zones along an Arlington drillhole.
St Louis is a two-plate anomaly up to 2km in length, modelled with a depth-to-top of 135-265m below surface with no prior drilling recorded in the area. A drill hole was completed at 510.8m testing the central part of the anomaly and pyrrhotite was intersected in two main zones along the hole.
The Eloise project, 55km south-east of Cloncurry, is a joint venture between Minotaur and OZ Minerals which may earn up to 70% benefcial interest in the tenements by spending up to $10 million.
The Eloise JV is seeking Eloise-style copper-gold and Cannington-style silver-lead-zinc mineralisation, with both styles evident in the well-endowed mineral camp around the Eloise, Altia and Maronan deposits.
Derek Barry
Editor of the North West Star Mount Isa since January 2016. Prior to that, an editor at several regional southern Queensland newspapers. Passionate about telling local stories. Comes with a strange accent to due an Irish accident of birth.
Editor of the North West Star Mount Isa since January 2016. Prior to that, an editor at several regional southern Queensland newspapers. Passionate about telling local stories. Comes with a strange accent to due an Irish accident of birth.
