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Tag: Jericho

Access drive hits Jericho copper deposit

A new North-West Queensland copper mine has taken a crucial step forward, with AIC Mines successfully reaching the Jericho deposit underground via an access drive from its Eloise operation.

The development of Jericho underpins the company's expansion of the Eloise processing plant to 1.1Mtpa, supporting future production in excess of 20,000t of copper per annum at the site.

AIC Mines (ASX:A1M) managing director Aaron Colleran said reaching Jericho mineralisation ahead of schedule reflected the discipline of the company's operations team and the exploration success achieved at. . .

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Jericho JV releases maiden resource estimate

Joint venture partners have announced a maiden inferred mineral resource of 9.1 million tonnes, grading 1.4 per cent copper and 0.3g/t gold, at the Jericho project in North West Queensland.

Jericho is located 65km south-east of Cloncurry and within 3km of the Eloise copper-gold mine. Minotaur Exploration and Oz Minerals are partners in the Jericho JV.

Oz Minerals has undertaken mining optimisation studies using the resource estimate to assess the potential for Jericho to be mined as an underground operation.

The JV says those studies indicate that Jericho represents a significant discovery for the. . .

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Jericho copper discovery at centre of 21,000m drill campaign

Minotaur has launched a 21,000m drilling campaign at the Jericho copper discovery within the Eloise joint venture project in North-West Queensland.

Two multi-purpose rigs will be utilised, operating 24/7, with drilling planned to a vertical depth of 300m.

Minotaur said 80-90 holes were planned within the central Jericho zone, a portion of a broader mineral system as defined by drilling in 2018.

The drill program is intended to improve geological confidence in lodecontinuity and grade by closing existing hole spacings and is expected to enable estimation of an inaugural JORC resource for that. . .

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