25 November 2024
Stockhead - Antipa delivers new near-surface gold zones at Minyari Dome
- Antipa Minerals finds new near surface gold zones at Minyari Dome
- Company chasing brown and greenfields discoveries to grow existing 2.3Moz gold resource
- Further assays are pending ahead of possible PFS in CY2025
Special Report: Antipa Minerals’ Phase 2 drilling at its Minyari Dome gold-copper project in WA has delivered brown and greenfield growth potential, with the discovery of new zones of near-surface, high grade gold along the southern part of the GEO-01 prospect.
The resource at the project currently stands at 2.3Moz gold, 84,000t copper, 661,000oz silver and 13,000t cobalt at 1.5 g/t gold and 0.18% copper.
The Company is targeting further brownfield mineral resources which could deliver “strong value enhancement” to the existing development opportunity.
The program is also chasing additional greenfield discoveries, as well as resource delineation drilling and metallurgical sample collection ahead of a possible future pre-feasibility study (PFS).
So far, assay results for the first 12 holes out of the 71-hole program included:
- 23m at 2.8 g/t from 77m, including 8m at 7.7g/t from 88m and 3m at 18.2g/t from 90m
- 32m at 2.4 g/t gold and 0.06% copper from 140m, including 4m at 8.9g/t from 140m, 13m at 3.0g/t gold and 0.12% copper from 157m and 3m at 7.5g/t gold and 0.31% copper from 160m
- 40m at 1.0g/t gold and 0.13% copper from 26m, including 17m at 2.2g/t gold and 0.25% copper from 29m and 2m at
- 11.0g/t gold and 0.15% copper from 37m; and
- 27m at 1.0g/t gold and 0.16% copper from 51m, including 5m at 1.9 g/t gold and 0.18% copper from 52m.
Plus, a ‘sighter’ RC drill hole at the Minyari Plunge offset target returned “encouraging” low-grade gold mineralisation, strong pathfinder anomalism and alteration increasing toward bottom of hole.
The company sees potential here for a fault offset repetition of the Minyari mineralisation – which could potentially make a material difference to the Project’s development – as the Minyari deposit delivers approximately 3,000 ounces of gold per vertical metre.
Brown and greenfields growth on the cards
Antipa Minerals (ASX:AZY) says that the mineralisation across multiple GEO-01 lodes remains open in most directions, which highlights “a significant further resource growth opportunity.”
“We are very pleased with this initial batch of assay outcomes from the Phase 2 CY2024 program at Minyari,” MD Roger Mason said.
“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.
“We look forward to a pipeline of assay results over coming months as the Phase 2 drilling program advances towards its targeted conclusion in late November.”
Further assays are pending and large areas of GEO-01 remain to be tested for additional strike and depth extensions in CY2025 drilling.
And the evaluation of the Minyari Plunge offset target results is ongoing, with the possibility of follow up drilling of this target and a PFS to commence in Q1 CY2025.
It comes at an intriguing juncture in the history of the Paterson Province. Minyari Dome is one of the largest gold-copper potential development projects in a district in the midst of a major generational shift.
Majors that have built massive resource bases are exiting, bringing in hungry mid-tier players keen to focus solely on the area.
Rio Tinto has its 8Moz Winu gold-copper project on the market on the down low, while Newmont recently announced the US$475 million sale of its Telfer and Havieron gold-copper projects to Andrew Forrest-backed Greatland Gold.
The 50-year old Telfer is famously short of ore, with Minyari Dome ideally placed to be developed either through the existing huge Telfer mill or as a standalone asset.
This article was developed in collaboration with Antipa Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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