- Antipa Minerals (AZY) increases the gold resource at its Minyari Dome Project in Western Australia by 250 per cent
- The company’s wholly-owned project increased from 723,000 ounces to 1.8 million ounces of gold
- The company says it believes there is strong potential to continue to grow the resource through both extensional and greenfields drilling
- Antipa has now begun a scoping study, which is hoped to provide the company with a pathway forward, scheduled for completion in the third quarter of 2022
- Antipa Minerals last traded at 4.3 cents on April 29
Antipa Minerals (AZY) has increased the gold resource at its Minyari Dome Project in Western Australia’s Paterson Province by 250 per cent.
The company’s wholly-owned project has increased from 723,000 ounces to 1.8 million ounces of gold.
The updated indicated and inferred mineral resource estimate, which incorporates the results of drilling completed in 2021, also includes 64,300 tonnes of copper, 584,000 ounces of silver and 11,100 tonnes of cobalt at 1.6 grams of gold per tonne (g/t) and 0.19 per cent copper.
“This outstanding result confirms that our 100 per cent owned Minyari-WACA gold-copper-silver-cobalt resource is very large-scale with significant continued growth opportuntities and strong potential to support a stand-alone development,” Antipa Managing Director, Roger Mason said.
The company said it believes there is strong potential to continue to grow the resource through both extensional and greenfields drilling.
The company has now begun a scoping study, which is hoped to provide the company with a pathway forward, and will comprise the start of a pre-feasibility study. The scoping study is scheduled for completion in the third quarter of 2022.
“The majority of the one million ounce Indicated resource is within 300 metres of the surface, which delivers strong potential for open pittable reserves,” Roger Mason said.
Review and analysis of extensional targets at Minyari, WACA, Minyari South and Sundown is now being conducted with the hopes of ongoing resource growth.
Antipa last traded at 4.3 cents on April 29.