- Antipa Minerals’ (AZY) is releasing assay results from a 43 drill hole exploration program, fully funded by Newcrest (NCM), at the Wilki farm-in project in Western Australia
- Drill testing and ground EM at greenfield targets identified co-incident geochemical and EM conductivity anomalies which the company intends to follow-up in 2022
- AZY advises Newcrest has elected to proceed to the next $10 million stage of the farm-in agreement at Wilki
- Additionally, the IGO-funded (IGO) Paterson farm-in project exploration program has completed air core drilling and scale soil sampling with results now pending
- AZY shares are down 6 per cent trading at 4.7 cents
Antipa Minerals’ (AZY) is releasing assay results from a 43 drill hole exploration program, fully funded by Newcrest (NCM), at the Wilki farm-in project in Western Australia.
The drill testing consisted of 7400 metres and 14 targets, returning best intercepts of 6.56 grams per tonne (g/t) gold and 0.11 per cent copper.
Drill testing and ground EM at two targets identified co-incident geochemical and EM conductivity anomalies, which will be followed up in 2022.
According to Antipa, the WA State Government have awarded the company a $190,000 EIS drilling grant which will be used for additional drilling.
The company added that Newcrest have elected to proceed to the next $10 million stage of the farm-in agreement.
Meanwhile at Paterson, which is fully funded by IGO (IGO) as part of its $30 million deal with the company, a number of different exploration work has been completed.
This includes a stratigraphic and geochemical air core drill program over an area of approximately 350 square kilometres and geochemical sampling over an area of 650 square kilometres.
Results from these programs are now pending.
Shares were down 6 per cent trading at 4.7 cents at 2.46 pm AEDT.