Antipa Minerals Limited’s (ASX: AZY) Phase 2 resource definition diamond drilling results have confirmed and increased confidence in the Minyari deposit resource model in Western Australia’s Paterson Province.
The Minyari Dome Project is located within 35km of Newcrest Mining’s Telfer gold‐copper‐silver mine and mineral processing facility and 54km along strike from Newcrest‐Greatland Gold’s Havieron gold‐copper development project.
2022 Phase 2 Exploration Programme
The second phase of the Minyari Dome Project 2022 Exploration Programme involved approximately 9,000m of drilling which was completed in mid‐December, comprising:
- resource definition DD programme for Minyari deposit (4,365m);
- resource growth DD programme testing high‐potential extension targets (2,813m); and
- regional air core drill programme testing high‐priority greenfield soil targets (1,400m).
Resource Definition Diamond Core Drill Programme Results
The 2022 Phase 2 resource definition DD programme consisted of nine holes over 4,365m. The programme was undertaken to facilitate a targeted Mineral Resource classification upgrade to areas of the existing Minyari deposit from the Inferred to Indicated category.
Assay results returned have delivered strong confirmation of existing geological modelling of the Minyari deposit.
The Phase 2 resource definition diamond drilling programme was designed to enable further classification upgrade to the existing Mineral Resource estimate for the flagship Minyari deposit,” Managing Director, Roger Mason, said.
“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 2 infill results, is expected to be completed in Q2 CY2023.”
Minyari Dome Project PFS Workstreams
The Minyari Dome PFS workstreams are advancing well with a targeted completion by end Q4 CY2023. The PFS mine scheduling is expected to incorporate the next Mineral Resource estimate update for Minyari, as well as progress a range of other upside opportunities identified as part of the Minyari Dome Scoping Study.
Antipa has also applied for the future mine access road Miscellaneous Licence (L45/681) and five water exploration Miscellaneous Licences (L45/700 to L45/704) for groundwater supply to meet the mineral processing facility, camp, and other operational requirements.
