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- Antipa Minerals (AZY) has released the results from drilling at the Citadel Project and confirmed partner Rio Tinto Exploration will push ahead with more exploration work in 2022
- Drilling at Calibre within the joint venture project has extended the gold-copper mineralisation outside the southern limits of the existing Mineral Resource
- While at Rimfire North, AZY and Rio intersected gold-copper mineralisation along a 1.5 kilometric interpreted structure, highlighting the potential or a material discovery
- Rio and Antipa will spend $10 million on drilling the WA-based joint venture next year, include follow-up drilling at Rimfire
- Shares in Antipa Minerals closed Thursday trading at 5.3 cents
Antipa Minerals (AZY) has confirmed partner Rio Tinto Exploration will push ahead with more exploration work at the Citadel Project, while also releasing new assay results.
Rio Tinto Exploration is an offshoot of the mining giant and has been working with Antipa to explore the Citadel Joint Venture Project in WA’s Pilbara region.
New drill results from the Calibre deposit within Citadel have extended the gold-copper mineralisation outside the southern limits of the existing 2.1 million ounce (Moz) gold 104,000 tonne copper Mineral Resource.
Best results include 10.6 metres at 2.12 grams per tonne (g/t) gold and 0.12 per cent copper from 153 metres, including 1 metre at 20.10 g/t gold and 0.83 per cent copper from 152 metres.
At the Rimfire North deposit, broad spaced drilling intersected gold-copper mineralisation along a 1.5 kilometric interpreted domal structure, with highest grades of 7.73 g/t gold and 0.23 per cent copper intersected.
AZY explains the results at Rimfire also highlight the potential for a material discovery to be made under shallow cover.
Antipa Managing Director Roger Mason said the company would follow up on the results during next year’s exploration work at the joint venture project.
“The available 2021 Exploration Programme results have further increased the potential size of the Calibre Mineral Resource, and have also identified highly prospective sulphide rich breccia style mineralisation at Rimfire,” he said.
“Completion this year of the detailed Rimfire aeromagnetic survey in conjunction with additional geophysical surveys planned for 2022 will lead to significantly enhanced gold‐copper target identification and testing.”
Antipa and Rio have agreed to spend $10 million on additional drilling and surveys at Citadel across 2022, including up to 11,000 metres of drill testing at Rimfire.
Shares in AZY closed Thursday trading at 5.3 cents each.
