Antipa Minerals Limited (ASX: AZY) has received promising assay results for the 2022 Phase 1 drill programme at its 100% owned, 144 sq. km Minyari Dome Project in Western Australia’s Paterson Province.
The 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.
These Phase 1 results continue to highlight the prospectivity of our 100% owned Minyari Dome Project,” Managing Director, Roger Mason, said.
“We believe there is strong potential to continue to grow the resource through both extensional and greenfields drilling. The company is continuing greenfield exploration across the project in parallel with project evaluation activities.
“The Minyari Dome Project economics are hugely leveraged to future resource growth and we have a pipeline of high‐prospectivity gold‐copper targets to drill. Located just 500m along strike from Minyari, the Minyari North prospect is showing characteristics consistent with mineralisation at the periphery of a Minyari style deposit.
“As a result, future exploration drilling will test the down plunge extent of the mineralisation. We have also interpreted a very promising 300 metre long ‘jog corridor at Chicane, linking the Sundown and WACA mineralisation trends.
“The Pre‐feasibility Study continues to enhance the potential of the Scoping Study’s mining inventory of 1.1Moz of gold to deliver an attractive stand‐alone gold mining and processing development. A Miscellaneous Licence application for the future mine access road has been submitted as early study workstreams continue at pace for scheduled delivery during Q4 CY2023
“On top of all of this activity, Antipa has been successful in Round 26 of the Exploration Incentive Scheme receiving a WA Government grant of up to $220,000 for testing deep Minyari targets.”
2022 Phase 1 Exploration Programme
The first phase of the Minyari Dome Project 2022 Exploration Programme was completed in mid‐ August, comprising:
- A 10,000m reverse circulation (RC) drill programme testing high‐priority resource and greenfield targets;
- 3,000m diamond core drill programme testing high‐priority resource targets; and
- A project‐scale high‐resolution Airborne Gravity Gradiometry (AGG) survey to assist drill targeting and regional 3D geological modelling.
