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High grade copper-gold hit for Minotaur

Minotaur Exploration Ltd (ASX: MEP, ‘Minotaur’) has presented assay data for the first two holes testing the newly defined1 Jericho electromagnetic (EM) complex and provide a drill program update for the Eloise JV, northwest Queensland. Jericho comprises multi-plate EM conductor zones (J1-J3) up to 4km in length.

Two first-pass holes EL17D05 and EL17D06 (Table 1), placed 1.3km apart, confirm chalcopyrite and pyrrhotite as the source at each of the conductors2 and validate Minotaur’s iron sulphide copper gold (ISCG) exploration model for this area. Mineralisation style shares very strong similarities to the high-grade Eloise copper-gold deposit just 5 km north. Assays for these two holes are now complete.

Next Steps: A second drill rig is being mobilized to expand the drill campaign at Jericho. Six holes are to be drilled to probe for extensions to the high grade zones reported here.

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