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Antipa Minerals (ASX:AZY) has discovered numerous high-grade zones close to the surface at its Minyari copper-gold project in Western Australia, with a second phase of reverse circulation (RC) drilling, with results including more than 25 grams per tonne (g/t).
The new assays included 23 holes for a total of 3,552 metres, with drilling at the Minyari South deposit picking up 17 metres at 6.8 g/t gold and 0.50% copper from 65 metres downhole, including four metres at 12.2 g/t gold and 1.00% copper from 68 metres downhole; and four metres at 13.3 g/t gold and 0.65% copper from 76 metres downhole, also including one metre at 24.9 g/t gold and 0.65% copper from 76 metres downhole.
At Fiama – once known as GEO-01 South – results included 16 metres at 3.8 g/t gold and 0.09% copper from 113 metres downhole, including two metres at 25.4 g/t gold and 0.21% copper from 120 metres downhole.
Resource definition drilling at the Minyari Southeast resource was also promising and included 10 metres at 3.0 g/t gold from 67 metres downhole, including two metres at 13.2 g/t gold from 67 metres downhole; and 20 metres at 1.0 g/t gold and 0.07% copper from five metres downhole, including two metres at 7.1 g/t gold and 0.22% copper from 19 metres downhole, also including one metre at 11.1 g/t gold and 0.19% copper from 19 metres downhole.
Significant growth potential is hinted at through mineralisation, which remains open across multiple GEO-01 lodes, Minyari South, and Minyari Southeast.
Managing director Roger Mason said the results promised big things for this project.
“Our Phase 2 CY2024 programme at Minyari Dome continues to deliver outstanding results, with this second batch of 23 holes confirming significant intersections across multiple target areas,” he said.
“Step-out drilling at the Minyari South deposit included a thick 17m intersection grading 6.8 g/t gold and 0.50% copper, including two 4m intervals of 12.2 g/t and 13.3 g/t gold.
“Success at GEO-01 South, now renamed Fiama, is particularly exciting, with a highlight intercept of 2m at 25.4 g/t gold from the current batch of assays reinforcing its potential and warranting elevation in priority status.”
Antipa shares have shifted upwards on the news, and at 12:42 AEDT, they were trading at 2.9 cents – a rise of 3.57% since the market opened.
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