- Write by:
-
Friday, June 28, 2019 - 2:10:17 PM
-
939 Visit
-
Print
Mining News Pro - Minotaur Exploration has reported drill assays for 13 more holes from its 2019 drill campaign at the Jericho deposit on behalf of the site’s joint venture (JV) with OZ Minerals.
According to Mining News Pro - The results mean that of the 46 holes drilled in 2019 at Jericho, 27 have now been assayed.
The drill program at the site is testing the parallel J1 and J2 copper-gold lodes to around 250-300 metres below top of basement.
Its principal aim is to improve geological confidence in lode continuity and grade along 2.3 kilometres of J1 and 1.7 kilometres of J2, where most drilling activity was placed in 2018.
The additional 13 holes reveal strong copper values and are reportedly similar in tenor to those already tested at the site.
They include intercepts at 27 metres at 1.2 per cent copper and 0.16 grams per tonne from 295 metres.
Drilling is expected to continue with two rig operations on a round-the-clock basis until the completion of the current campaign, which is anticipated to be around the end of July.
OZ Minerals has agreed to ‘loan carry’ Minotaur Exploration’s stake in the Jericho copper project in exchange for an increased stake.
As part of the deal, OZ Minerals stake increased from 70 to 80 per cent, leaving Minotaur with a 20 per cent share in the project.
Minotaur has also partnered with OZ Minerals in the larger Eloise JV project since April 2018.
The Eloise JV encompasses the tenement area in which the Jericho deposit is located, but the companies decided to enter into a smaller JV exclusively focused on Jericho earlier this year.
Short Link:
https://www.miningnews.ir/En/News/391437
Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into ...
Several people have been killed in Liberia in an accident at an abandoned gold mine, the West African country’s mines ...
Commodities usually rally when central banks cut interest rates, bolstering the case for going long raw materials in the ...
Cocoa extended its surge — gaining more than $700 per ton in a single day and surpassing $9,000 for the first time ever ...
Ivanhoe Electric (NYSE American: IE) (TSX: IE) terest in the Samapleu-Grata nickel-copper project in Côte d’Ivoire after ...
Iron ore futures edged higher on Monday, supported by hopes of further recovery in demand in top consumer China and ...
Awalé Resources (TSXV: ARIC) stock soared on Monday after the Newmont-backed gold explorer reported outstanding assay ...
Iron ore futures tumbled in Singapore, extending a stretch of volatile trading amid deepening anxiety over Chinese ...
The Democratic Republic of the Congo overtook Peru as the world’s second largest copper producer in 2023, though it ...
No comments have been posted yet ...