Minotaur Exploration has reported that the extended drilling program along the Jericho ‘J1’ and ‘J2 North’ copper conductors at the Eloise JV southeast of Cloncurry, Queensland has been further expanded, upon geological interpretation of drill core.
|Minotaur geos with ground samples from Eloise|
The scope of the drilling campaign has been increased from the announced 1,700m to 2,500m for a total of 7 holes, along the J1 and J2 North conductors.
Recent lab assays for intersections from the initial 2018 drill campaign of 5,000m revealed Jericho’s J1 conductor delivered high grade copper-gold values, upgrading the potential of J1.
The joint venture’s decision to keep drilling extended the 5,000m program initially by 1,700m and then to 2,500m for seven more holes along J1 and J2 North. The new holes will reduce gaps in the drilling along the J1 and J2 North systems to between 150 and 300m. Of the entire 7,500m drill program 4,100m has been directed at the Jericho sequence of conductive plates; the balance to regional EM anomalies.
Both Jericho’s J1 and J2 North conductors continue to deliver strong results and five holes of the extended campaign are complete (EL18D15-EL18D19). Each hole successfully intersected mineralisation at J1. Two of the holes (EL18D15 and EL18D17) pushed through to test J2 North, also intersecting copper sulphides, thereby extending its mineralised length to >900m (previously 300m). Assays for these 5 holes are awaited, however visual inspection of core indicates the tenor of mineralisation is consistent with earlier holes. The remaining two holes will be completed early August 2018.
Mineralisation intersected demonstrates persistently strong similarities to the nearby Eloise copper deposit. The main Eloise lodes (Elrose and Levuka lodes) exhibit an orebody footprint spanning only some 200m north-south, whereas the lodes plunge to significant depth; in the case of the Levuka lode to +1400m below surface. It is clear that many of the gaps between drill holes on both J1 and J2 North offer potential for discovery of an Eloise scale deposit, particularly given the focus of drilling to date has been constrained to shallower levels of the structures.
The Eloise project is located 55km south-east of Cloncurry in Queensland, and is a joint venture between Minotaur and OZ Minerals.