Join our daily newsletter At The Bell to receive exclusive market insights
- Antipa Minerals (AZY) finds gold and copper mineralisation at its Minyari Dome Project in Western Australia’s Paterson Province
- Results from the hole have more than doubled the significant gold and copper intersection to 362 metres
- Antipa said these results continue to expand the potential size of Minyari resource and enhance the project development opportunity
- Due to the results, the drilling program has been expanded to 35,000 metres to evaluate Minyari northwestern plunge
- Just before the market opens for the week, Antipa last traded at 4.7 cents per share
Antipa Minerals (AZY) has found gold and copper mineralisation at its Minyari Dome Project in Western Australia’s Paterson Province.
The company commenced the 2021 drilling program in early May to test for extensions and explore new zones of mineralisation.
Antipa has now received assays for 25 reverse circulation drill holes, one diamond-tail and one diamond core drill hole.
Assays received for drill hole have more than doubles the significant gold and copper intersection to 362 metres.
Results include 362 metres at 1.4 grams per tonne (g/t) of gold and 0.16 per cent copper from 230 metres down hole including 78 metres at 2 g/t of gold and 0.28 per cent copper from 230 metres.
Antipa said these results continue to expand the potential size of Minyari resource and enhance the project development opportunity.
Due to the results, the drilling program has been expanded to 35,000 metres to evaluate Minyari northwestern plunge.
Managing Director Roger Mason commented on these results.
“At Minyari, high‐grade gold and copper mineralisation has now been intersected along 500 metres of strike, down to 600 metres below the surface and across a horizontal width of up to 275 metres, and mineralisation remains open in several directions,” he said.
“The 2021 drill programme has been expanded to target resource extension targets, including Minyari East and a number of high priority greenfield targets all less than 3km from the existing Minyari and WACA resources. The expanded drill programme is expected to be completed in October.”
Just before the market opens for the week, Antipa last traded at 4.7 cents per share.
