18 October 2022
Antipa Minerals launches growth-targeted exploration programs across portfolio
Antipa Minerals Ltd (ASX:AZY) has kicked off a suite of exploration programs including drilling across three core assets in Western Australia, following up multiple high-priority targets at the Paterson Farm-in Project with IGO Ltd, the Citadel Joint Venture (JV) Project with Rio Tinto and the Wilki Farm-in Project with Newcrest Mining.
"Antipa is in a highly enviable position with significant ongoing exploration across our belt scale 5,100-square-kilometre Paterson Province exploration and project development portfolio," Antipa Minerals managing director Roger Mason said.
"Exploration activities across 4,950 square kilometres of our portfolio are fully funded by our major resource partners Rio Tinto, Newcrest and IGO, providing shareholders with the benefit of large-scale advanced exploration optionality."
Paterson Farm-in Project
The Paterson Farm-in Project with IGO delivered multiple priority copper-gold targets over the 2021 and 2022 exploration programs (fully funded by IGO), including three aircore anomalies, four soil anomalies and two coincident gravity and magnetic high anomalies.
"Over the last seven years the Paterson Province's 32-million-ounce gold and three-million-tonne copper Telfer plus Nifty pre-mining endowment has grown by a staggering 16 million ounces of gold and three million tonnes of copper," Mason continued.
"The discoveries made from under cover included Winu, Havieron, Calibre and Minyari, with Antipa generating over four million ounces of this gold endowment growth.
"We believe this is just the beginning of the Paterson's discovery renaissance with significant tier-one gold-copper discovery potential remaining and Antipa positioned to benefit from up to $115 million dollars in combined partner exploration funding.
"In particular, the Paterson Farm-in Project's exciting new soil, aircore and coincident gravity-magnetic targets are located within the highly prospective El Paso Structural Corridor, which extends from Havieron in the southeast, past Winu in the northwest.
"Our tenure has just enough shallow cover to conceal but allows us to detect (via geophysics and soil sampling), potential tier-one gold-copper deposits.
"The project-scale, systematic exploration approach by our Paterson Farm-in Project partner IGO is designed to target any potential giants lurking under this shallow cover.
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