Antipa Minerals (ASX: AZY) has received additional promising results from CY2024 Phase 1 drilling at its 100%-owned Minyari Dome Gold-Copper Project in the Paterson Province of Western Australia.
Highlights
- Assay results returned from 13 further holes (2,330m drilling) of the CY2024 Phase 1 reverse circulation (RC) drilling at GEO-01 have identified new zones of near-surface gold mineralisation.
- The first six RC holes from CY2024 Phase 1 GEO-01 drilling previously returned thick zones of near-surface, potentially open pittable, high-grade gold mineralisation.
- The current round of results has increased the main zone of GEO-01 mineralisation to 500m along strike (previously 250m) and up to 190m across strike (previously 150m).
- The recently completed Phase 1 programme was expanded to a total of 81 holes for 13,122m, a direct result of the positive outcomes from the assay results received to date (19 holes).
- GEO-01 mineralisation remains open in most directions, presenting a significant potential maiden resource opportunity.
“This year’s Phase 1 drilling at GEO-1 has been designed to deliver on what we believe to be a significant maiden resource opportunity. Today’s results have further emphasised this by adding significantly to the known zones of near-surface gold mineralisation and doubling the strike extent of the main zone of gold mineralisation,” Managing Director, Roger Mason, said.
“Notably, drill hole 24MYC0462 intersected significant gold mineralisation within 6m of the end-of-hole, warranting re-entry to test the full mineralised extent. As a direct result of the positive outcomes from the assay results received to date the decision was made to expand the programme to 87-holes for 12,750m. We expect the next round of laboratory assay results to be returned in the coming weeks.”
Phase 1 Programme
The CY2024 Phase 1 exploration drilling programme has been designed to deliver a maiden Mineral Resource Estimate (MRE) at the GEO-01 discovery and to target new gold-copper discoveries within multiple high-priority target areas including three Pacman geophysical targets (PM1, PM2 and PM3).
Phase 1 was originally scheduled for a total of 74 drill holes for 13,770m, comprising 71 RC holes for 10,620m and three diamond core drill holes for 3,150m. Based on positive results to date, the RC drilling programme was expanded to a total of 81 RC drill holes for 13,122m, with the addition of 10 RC drill holes for 2,502m. The RC drilling programme was completed yesterday.
Due to the expansion of the GEO-01 RC drilling programme, the diamond core drill hole planned for the PM3 target has been temporarily deferred to Q3 CY2024.
