Antipa Minerals Ltd (ASX:AZY) has discovered new zones of high-grade gold mineralisation close to surface at its Minyari Gold Project in Western Australia following drilling work at its GEO-01 prospect.
The company has been progressing a Phase 2 program of reverse circulation (RC) drilling over the prospect, and with only 12 holes drilled so far, multiple intercepts in the southern section show high-grade gold in at shallow depths.
These include 23 metres at 2.8 grams per tonne (g/t) gold from 77 metres down hole in one hole, including eight metres at 7.7 g/t gold from 88 metres down hole. It also includes three metres at 18.2 g/t gold from 90 metres.
In one depth-extended drill hole, mineralisation included 32 metres at 2.4 g/t gold and 0.06% copper from 140 metres down hole.
Managing director Roger Mason said he was very pleased with the results, which pointed to Minyari’s continuing prospectivity.
“The ongoing growth potential of the GEO-01 satellite resource is again evidenced by these results, as we continue to discover new zones of shallow, high-grade gold mineralisation across the broader prospect area,” he said.
“We look forward to a pipeline of assay results over coming months as the Phase 2 drilling programme advances towards its targeted conclusion in late November.”
Antipa shares moved up after the news, and at 13:52 AEDT, they were trading at 2.5 cents – a rise of 4.17% since the market opened.
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