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Tag: Oz Minerals

Red Metal details North West exploration agenda

Written by dev on . Posted in All News, Copper, Exploration, Gold.

Red Metal has boosted its coffers with a $3 million share placement and is ready to roll out a range of exploration programs, including at the advanced Maronan silver-lead and copper-gold project in North West Queensland.

Preparations are underway to trial 2D seismic surveying over the deposit in an attempt to image the continuation of the mineralisation at depth.

With more than 100 million ounces of contained silver, Maronan is hailed as one of the largest undeveloped silver resources in Australia.

Red Metal said it had revisited the numbers from. . .

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Jericho JV releases maiden resource estimate

Written by dev on . Posted in All News, Copper, Exploration, Gold.

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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