Antipa Minerals Ltd (ASX: AZY) has drilled a new gold discovery at the GEO-01 target within the 100%-owned Minyari Dome Gold-Copper Project in the Paterson Province of Western Australia.
Significant near-surface, high-grade gold mineralisation intersected at GEO-01, including:
24mat1.3g/tgoldfrom16mdownholein23MYC0383,including: 4m at 6.7 g/t gold from 28m and 68m at 1.4 g/t gold from 68m down hole to within 2m of end-of-hole (EoH) in
23MYC0383, including: 36m at 2.6 g/t gold from 72m
Notably the GEO-01 mineralisation remains open in most directions, presenting a significant potential maiden resource opportunity.
The impressive results have led the company to re-evaluate its CY2023 exploration programme with follow-up reverse circulation (RC) ± diamond core drilling now in planning.
In the meantime, preparation is underway for diamond drill testing at high-potential Tetris and Pacman targets.
We are very pleased to report the discovery of thick, near-surface, high-grade gold mineralisation at GEO- 01 just 1.3km from our Minyari gold resource,” Managing Director, Roger Mason, said.
“These first-pass GEO-01 RC drilling results support our belief that there is excellent potential to grow the near-surface, open-pit amenable, resource this year. The Minyari Dome Project economics are hugely leveraged to future resource growth, with any successful follow-up drilling of the GEO-01 gold discovery likely to significantly enhance the Minyari Dome development opportunity.
“We look forward to further evaluating GEO-01 with the objective of delivering a significant maiden resource as we continue the systematic testing of other high-potential targets, including Tetris, during our Phase 2 drilling programme during the remainder of this year.”