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- Mineral exploration company Antipa Minerals (AZY) finds additional high-grade results at its Minyari Dome Project in Western Australia
- The company found further significant high-grade gold and copper intersections at the Minyari deposit from its 2021 drilling program
- These results continue to extend the potential size of the Minyari resource and enhance the project development opportunity
- Due to the success of the program, the 2021 drilling program has been extended an extra 45,000 metres and is expected to be completed next month
- Antipa is up 8.70 per cent and is trading at 5 cents per share at 10:52 am AEDT
Antipa Minerals (AZY) has found additional high-grade results at its Minyari Dome Project in Western Australia.
Currently the company is undertaking a 2021 drilling program to extend the project, explore for new zones and evaluate the existing mineral resource JORC classification.
From this, Antipa have found further significant high-grade gold and copper intersections at the Minyari deposit.
Results include 134 metres at 1.70 grams of gold per tonne (g/t) and 0.30 per cent of copper from 212 metres down hole, and 20 metres at 2.95g/t gold and 0.14 per cent copper from 327 metres.
These results continue to extend the potential size of the Minyari resource and enhance the project development opportunity.
All together, Antipa has received assay results for 27 reverse circulation drill holes, three diamond-tail and one diamond core drill hole. It is currently awaiting assays for 28,370 metres.
Due to the success of the program, the 2021 drilling program has been extended an extra 45,000 metres and is now expected to be completed in November.
Minyari Dome is located in the Paterson Province and is near Newcrest Mining’s (NCM) Telfer Gold Mine.
Managing Director Roger Mason is pleased with the drilling program so far.
“Minyari drill hole results continue to demonstrate the capacity of this intrusion related breccia system to generate strong gold‐copper intersections over wide intervals and highlight significant zones of mineralisation outside the resource to the east and west which will support a revised resource estimate and project development studies for a potential standalone open pit and underground mining operation,” he said.
“At Minyari, high‐grade gold ± copper, silver and cobalt 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.”
Antipa is up 8.70 per cent and is trading at 5 cents per share at 10:52 am AEDT.
