Minotaur bullish about Eloise

MINOTAUR Exploration is optimistic of the chances of finding another Eloise-type copper-gold deposit after an eight-hole drill program at the Jericho joint venture with OZ Minerals in northwest Queensland.

Minotaur bullish about Eloise Minotaur bullish about Eloise Minotaur bullish about Eloise Minotaur bullish about Eloise Minotaur bullish about Eloise

“Copper-gold intersections at multiple locations along 300m of strike within the J1 and J2 conductors confirm the pervasive nature of mineralisation,” Minotaur said.

“Results to date are on par with early drill holes prior to discovery of the nearby Eloise deposit by BHP, providing guidance that Jericho exhibits potential to host a similar scale deposit.”

The Eloise deposit contains more than 10 million tonnes grading 3.5% copper and 0.9 grams per tonne gold.

A recent hit reported by Minotaur was 7m grading 3.17% copper and 0.67gpt gold.

“With some 7km of the known conductors yet to be drill tested, plus numerous other conductors not yet drilled, the 2018 field season off...