MINING

Eloise joint venture resumes drilling at Jericho copper discovery

The Eloise exploration joint venture has resumed exploratory drilling at the Jericho copper project

 Exploratory drilling has resumed at the Jericho copper project in Queensland

Exploratory drilling has resumed at the Jericho copper project in Queensland

Two multi-purpose rigs will be utilised to probe the parallel J1 and J2 copper lodes. Operating 24/7, the rigs are planned to drill 21,000m to a vertical depth of 300m concentrating on the central sections of each structure. The drill program is intended to improve geological confidence in lode continuity and grade by closing existing hole spacings and is expected to enable estimation of an inaugural JORC resource for that portion of Jericho.

The plan is for 80-90 holes within the central Jericho zone, a portion of a broader mineral system as defined by drilling in 2018. Significant additional areas of mineralisation have been defined along Jericho, on both J1 and J2, outside of the current drill envelope. Those areas remain relatively sparsely drilled, show good geological continuity with strong copper-gold grades and are expected to be the subject of future drill programs.

Drilling will continue through into July and is being managed and operated by Minotaur on behalf of the JV.