02 March 2023
Antipa Minerals confident of resource growth at Minyari Dome
Antipa Minerals Ltd (ASX:AZY) continues to build confidence in its Minyari Dome resource model as more precious and base metals drill hits come to hand.
Last year, the polymetallic Paterson Province project underwent a phase two resource definition program, aimed at upgrading parts of the resource to indicated status with diamond drilling.
Interestingly, the fresh drill core confirms Antipa's geological modelling at the
Minyari deposit. Some of the program's chart toppers include:
- 22 metres at 5.2 g/t gold, 0.82% copper and 1.4 g/t silver from 420 metres, including 7.6 metres at 12.4 g/t gold, 1% copper and 2.3 g/t silver from 432 metres;
- 59 metres at 2.3 g/t gold, 0.52% copper and 1.5 g/t silver from 217 metres, including 21 metres at 4 g/t gold, 1% copper, 2.9 g/t silver and 0.09% cobalt from 232 metres;
- 10 metres at 3.3 g/t gold and 0.64% copper from 300 metres, including 4 metres at 4.8 g/t gold, 0.9% copper and 1.1 g/t silver from 300 metres; and
- 5.5 metres at 9 g/t gold, 0.68% copper and 1.8 g/t silver from 320.2 metres, including 1.8 metres at 20.5 g/t gold, 0.87% copper, 4 g/t silver and 0.08% cobalt from 320.2 metres.
The latest assays will feed into a revised Minyari Dome mineral resource, expected in the second quarter of this year.
In the meantime, work on a pre-feasibility study is progressing well - Antipa hopes to tick the report off the to-do list before the year's end.
Concurrently, the precious and base metal explorer is advancing another resource growth program in 2023, while assays from last year's phase two greenfield program are expected in a fortnight.
Targeting Minyari's growth
Antipa completed nine holes for 4,365 metres during last year's infill diamond campaign - part of a broader 9,000-metre program to explore and expand Minyari's scope.
Managing director Roger Mason said: "The phase two resource definition diamond drilling program was designed to enable further classification upgrade to the existing mineral resource estimate for the flagship Minyari deposit.
"Pleasingly, these infill drilling results have provided confirmation of existing geological modelling of the Minyari deposit.
"An updated mineral resource estimate for Minyari, inclusive of these phase two infill results, is expected to be completed in Q2 2023.
"Pre-feasibility study workstreams on the Minyari Dome Project continue to advance and are set to run in parallel with further extensive growth drilling on the Minyari tenure this year.
"We are targeting completion of the PFS late Q4 2023."
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