25 July 2022
Antipa confirms further high-grade gold ahead of Minyari Dome scoping study
Junior explorer Antipa Minerals (AZY) has confirmed further
high-grade gold and flagged four new anomalies through exploration at
its Minyari Dome project in Western Australia.
The company this morning released assay results for the final 6440
metres of its 2021 greenfield drilling program completed in the area,
which lies in WA’s Paterson Province.
According to Antipa, the results supported resource growth from
several prospects nearby to the namesake Minyari prospect and the WACA
At the GP01 prospect, for example, Antipa highlighted a 400-metre
longer coincident magnetic-high and induced polarisation (IP)
chargeability and conductivity anomaly.
Drilling intersections in this area included results such as seven
metres at 1.5 grams per tonne (g/t) gold, 0.07 per cent copper and 0.05
per cent cobalt from 211 metres downhole, including a one-metre zone
grading 8.1 g/t gold, 0.1 per cent copper and 0.07 per cent cobalt.
Meanwhile, at the Minyari North prospect, the company flagged a
300-metre coincident magnetic-high and IP chargeability anomaly with
similarities to the Minyari deposit.
Drilling results from Minyari North included a 28-metre hit at 0.5
g/t gold and 0.16 per cent copper from 134 metres downhole, with this
hit including a one-metre zone at 8.1 g/t gold and 0.24 per cent copper
from 135 metres.
At both GP01 and Minyari North, the host rocks, mineralisation and alteration style are the same as the Minyari deposit.
Meanwhile, Antipa said its exploration work highlighted four
“encouraging” gold and copper pathfinder soil anomalies, which it had
prioritised for follow-up drill testing later this year.
Antipa Managing Director Roger Mason said these latest results
continued to highlight the prospectivity of the Minyari Dome project.
“We believe there is strong potential to continue to grow the resource through both
extensional and greenfields drilling,” Mr Mason said.
“The company is continuing greenfield exploration across the project
in parallel with project evaluation activities, including the recently
commenced drill programme at the Minyari Deposit Keel Zone, Minyari
South, Sundown, Minyari North and GP01.”
Antipa has already kicked off follow-up diamond and reverse
circulation (RC) drilling at the Minyari Dome project even as it
advances its work to complete a scoping study for the project.
The company said the scoping study was currently ahead of schedule
and likely to be delivered before the end of September, with the
findings of the study to lay the groundwork for the commencement of a
pre-feasibility study for Minyari Dome.
Antipa said alongside the delivery of the scoping study, it planned
to “significantly” increase the Minyari Dome mineral resource through
its ongoing exploration work.
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