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Antipa Minerals Ltd (ASX:AZY) has doubled the strike zone of its GEO-1 target at the Minyari Dome project in Western Australia, with drilling at the project revealing new zones of mineralisation near the surface grading beyond 3 grams per tonne of gold.
Assays yielded from Antipa’s recent Phase 1 reverse circulation (RC) drilling program at the target picked up intercepts such as 26 metres at 0.7 grams per tonne (g/t) from 16 metres down hole, including 11 metres at 1.2g/t from 17 metres down hole and 1 metre at 1.3g/t from 38 metre down hole in one hole.
Additionally, another drilled hole yielded 17 metres at 0.5 g/t gold from 49 metres down hole including 8 metres at 1.0 g/t gold from 53 metres down hole, also including 2 metres at 3.2 g/t gold and 0.04 percent copper from 55 metres.
Crucially, the results also indicated that the main zone of GEO-01’s mineralisation has expanded from 250 metres to 500 metres along strike, and from 150 metres to 190 metres across strike, with GEO-01 also remaining open in all directions.
Antipa managing director, Roger Mason said the results from this phase of drilling had boosted hopes for the project, located in WA’s Paterson Province, southeast of Port Hedland.
“This year’s Phase 1 drilling at GEO-1 has been designed to deliver on what we believe to be a significant maiden resource opportunity,” he said.
“Today’s results have further emphasised this by adding significantly to the known zones of near-surface gold mineralisation and doubling the strike extent of the main zone of gold
mineralisation.
“Notably, drill hole 24MYC0462 intersected significant gold mineralisation within 6m of the
end-of-hole, warranting re-entry to test the full mineralised extent.”
The market also seemed happy with Antipa’s news, sending its share price up by 7.69 percent since market open. At 13:27 AEST, shares were trading at Antipa has been trading at 1.4 cents.
