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The Jericho JV4 is a joint venture between OZ Minerals (ASX: OZL) and Minotaur Exploration Limited specifcally covering the Jericho copper-gold discovery.
It also entitled Toro access to all exploration data and information collected by OZL on the tenements.
OZ Minerals Limited (OZ Minerals) (OZL.AU), an Australia-based mining company, is to focus on acquiring advanced copper projects with capacity to produce more than 50,000 metric tons per annum.
In 1986, CRA intersected 6.56m @ 159ppm U3O8 from 215.2m in drillhole 86EN24M, at the Manxman Prospect (MXA) and OZL intersected 8.6m @ 118ppm U3O8 from 176.64m at the Triton Prospect (TRI) immediately adjacent to the Prominent Hill Mine Lease.
A discovery made by OZL of this style of mineralisation without significant copper, gold and silver with uranium grades averaging 200ppm U3O8 has the potential to be highly significant for Toro.
The Mt Woods tenements owned by OZL shown in Figure 1 (see link at the bottom of the release) are highly prospective for Iron Oxide Copper Gold and Uranium (IOCG) similar to the adjacent Prominent Hill and Olympic Dam mines.
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