Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Junior explorer Antipa Minerals (AZY) confirms further high-grade gold and flags four new anomalies through exploration at its Minyari Dome project in Western Australia
  • The company says the assay results for the final 6440 metres of its 2021 greenfields drilling program in the area support resource growth from several prospects
  • These include the GP01 and Minyari North prospect, where the company highlighted two important chargeability and conductivity anomalies
  • Antipa has kicked off follow-up diamond and RC drilling at Minyari Dome even as it advances its work to complete a scoping study for the project before the end of September
  • Shares in Antipa Minerals last traded at 3.1 cents on July 20

Junior explorer Antipa Minerals (AZY) has confirmed further high-grade gold and flagged four new anomalies through exploration at its Minyari Dome project in Western Australia.

The company this morning released assay results for the final 6440 metres of its 2021 greenfield drilling program completed in the area, which lies in WA’s Paterson Province.

According to Antipa, the results supported resource growth from several prospects nearby to the namesake Minyari prospect and the WACA deposit.

At the GP01 prospect, for example, Antipa highlighted a 400-metre longer coincident magnetic-high and induced polarisation (IP) chargeability and conductivity anomaly.

Drilling intersections in this area included results such as seven metres at 1.5 grams per tonne (g/t) gold, 0.07 per cent copper and 0.05 per cent cobalt from 211 metres downhole, including a one-metre zone grading 8.1 g/t gold, 0.1 per cent copper and 0.07 per cent cobalt.

Meanwhile, at the Minyari North prospect, the company flagged a 300-metre coincident magnetic-high and IP chargeability anomaly with similarities to the Minyari deposit.

Drilling results from Minyari North included a 28-metre hit at 0.5 g/t gold and 0.16 per cent copper from 134 metres downhole, with this hit including a one-metre zone at 8.1 g/t gold and 0.24 per cent copper from 135 metres.

At both GP01 and Minyari North, the host rocks, mineralisation and alteration style are the same as the Minyari deposit.

Meanwhile, Antipa said its exploration work highlighted four “encouraging” gold and copper pathfinder soil anomalies, which it had prioritised for follow-up drill testing later this year.

Antipa Managing Director Roger Mason said these latest results continued to highlight the prospectivity of the Minyari Dome project.

“We believe there is strong potential to continue to grow the resource through both
extensional and greenfields drilling,” Mr Mason said.

“The company is continuing greenfield exploration across the project in parallel with project evaluation activities, including the recently commenced drill programme at the Minyari Deposit Keel Zone, Minyari South, Sundown, Minyari North and GP01.”

Antipa has already kicked off follow-up diamond and reverse circulation (RC) drilling at the Minyari Dome project even as it advances its work to complete a scoping study for the project.

The company said the scoping study was currently ahead of schedule and likely to be delivered before the end of September, with the findings of the study to lay the groundwork for the commencement of a pre-feasibility study for Minyari Dome.

Antipa said alongside the delivery of the scoping study, it planned to “significantly” increase the Minyari Dome mineral resource through its ongoing exploration work.

Shares in Antipa Minerals last traded at 3.1 cents on July 20.

AZY by the numbers
More From The Market Herald
The Market Herald Video

" Caprice Resources (ASX:CRS) intersects shallow gold at Island Gold Project

Caprice Resources (ASX:CRS) intersects shallow gold mineralisation at its first reverse circulation drilling program at the…

" Orion Minerals (ASX:ORN) raises $1.35m in SPP

Orion Minerals (ASX:ORN) has raised $1.35 million in its share purchase plan (SPP) to advance its…

" Future Metals (ASX:FME) to raise $5.5m for Panton

Future Metals (ASX:FME) has received firm commitments for a heavily oversubscribed $5 million placement.

" Firebird Metals (ASX:FRB) raises $3.5m to accelerate Oakover development

Firebird Metals (ASX:FRB) has received firm commitments to raise $3.5 million via a placement from sophisticated…