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The 100%-owned North Telfer Project area (formerly know as the North Telfer and Paterson Projects) is contiguous with the Citadel Project area and is located just 20km from Newcrest’s giant Telfer gold-copper-silver mine and 40km from Rio Tinto’s Winu copper-gold-silver development project.

Within the North Telfer Project is a geological structure referred to as Minyari Dome, which includes the Minyari and WACA deposits. Minyari and WACA contain a combined Mineral Resource of 723,340 ounces of gold, 26,390 tonnes of copper, 233,290 ounces of silver and 4,060 tonnes of cobalt.

The Paterson Province geological setting of the Minyari and WACA deposits is Proterozoic-aged, predominantly meta-sediment hosted hydrothermal shear, fault and strata/contact controlled precious and/or base metal mineralisation. The mineralisation in the region is interpreted to be granite-related. Local controls on mineralisation involve variations in both the competency/hardness and chemical composition of rock units, in combination with other “discrete” structural controls.

Drilling during 2018 revealed significant new mineralisation at the Minyari South (strike length 100m and open in all directions) and Judes (strike length 150m and open in all directions) prospects.


 

MINYARI

The mineralisation at Minyari bears a number of similarities to the mineralisation at the Telfer deposit. In particular, variations in both the hardness and chemical composition of rock units, when combined with other structures, give rise to similar styles of mineralisation as that seen at Telfer.

Mineralisation at Minyari starts at 0-10m from the surface and extends down more than 580 vertical metres. The mineralised corridor extends over 400m in length and up to 60m in width and remains open down dip and potentially along strike.

Minyari contains an Indicated and Inferred Mineral Resource of 7.7 million tonnes grading 2.2 g/t gold, 0.3% copper, 0.9 g/t silver and 460ppm cobalt for 550,610 ounces of gold, 22,760 tonnes of copper, 213,520 ounces of silver and 3,540 tonnes of cobalt.

WACA

Like Minyari 700m to the south-west, the mineralisation at WACA bears similarities to the Telfer deposit. In particular, variations in both the hardness and chemical composition of rock units, when combined with other structures, give rise to similar styles of mineralisation as that seen at Telfer.

The mineralisation at WACA starts at 0-20 metres from the surface and extends down for more than 340 vertical metres over a strike length of more than 650 metres. Two main lodes occur within a corridor that is up to 50m in width. The deposit remains open down dip and potentially along strike.

WACA contains an Inferred Mineral Resource of 3.3 million tonnes at 1.6 g/t gold, 0.11% copper, 0.2 g/t silver and 190ppm cobalt for 172,730 ounces of gold, 3,630 tonnes of copper, 19,770 ounces of silver and 620 tonnes of cobalt.

REAPER-SERRANO-POBLANO

In October 2019, Antipa reported that drilling had identified a new mineralised trend within the El Paso Corridor, a significant geological structure that runs through the company’s North Telfer Project tenements. Nine broad-spaced RC holes intersected significant gold-copper ± zinc mineralisation along a strike length of approximately 1.8km covering the Reaper, Poblano and Serrano targets. The Company’s interpretation is that Reaper, Poblano and Serrano may all form part of the same very large-scale mineral system. Further assessment is planned.