Antipa has hit multiple zones of new gold-copper mineralisation not far from the existing resources at its 100% Minyari Dome Project and near Newcrest’s successful operating Telfer mine in Western Australia.
Antipa Minerals (ASX:AZY) revealed today that it had hit significant near-surface high-grade gold with copper mineralisation close to the Minyari and WACA deposits at its wholly owned Minyari Dome Project in WA’s Paterson Province.
The first drill hole at the GP01 target, 800m southeast of the Minyari resource, returned intercepts of 27m at 1.3 grams per tonne (g/t) gold and 0.11% copper from 131m, including 7m at 3.9g/t gold and 1m at 19.9g/t gold from 133m.
A second hole drilled 100m north of the first also intersected significant gold-copper mineralisation on an adjacent structure.
Top hits from that hole featured a wide 36m at 0.50g/t gold and 0.07% copper from 78m, including 9m at 1.0g/t gold and 0.12% copper from 99m, and 1m at 3.0g/t gold and 0.44% copper from 148m.
“These greenfield discoveries within close proximity to the Minyari and WACA deposits further demonstrates the exploration and resource growth potential of the company’s 100% Minyari Dome project,” managing director Roger Mason said.
The new GP01 and WACA East discoveries were uncovered through drilling based off the 2021 ultra-detailed drone magnetic and GAIP surveys which defined multiple new high-priority greenfield gold-copper targets, all within 3.5km of the Minyari resource.
Antipa’s drilling so far has proven that significant zones of high-grade gold-copper-silver-cobalt mineralisation exist outside the current Minyari resource.
It has also confirmed that the high-grade mineralisation is commonly associated with sulphide matrixed breccia zones similar to Greatland Gold and Newcrest’s Mining’s (ASX:NCM) nearby 3.4Moz gold and 160,000t copper Havieron development project.
And there is still plenty of exploration upside, with the Minyari mineralisation remaining open in several directions.
Antipa says early success at the GP01 target highlights the potential for more gold-copper mineralisation at nearby geophysical and aircore targets.
This prompted Antipa to expand its 2021 drill program to explore extension targets, including Minyari East and a number of high priority greenfield targets all less than 3km from the existing Minyari and WACA resources.
The two deposits currently host 723,000 ounces of gold at 2.0g/t and 26,000 tonnes of copper at 0.24%.
Antipa is currently undertaking 10,000m of greenfield exploration reverse circulation drilling to test the highest priority geophysical and aircore targets.
“The company is continuing greenfield exploration across the project in parallel with project evaluation activities with the aim of making significant discoveries that will enhance the Minyari-WACA development opportunity,” Mason said.
“With the first greenfield target tested in 2021 resulting in discoveries close to surface, the company is confident that similar nearby geophysical and aircore anomalies could deliver further success.
“The 10,000 metre 2021 greenfield RC drill program is testing 14 targets and is expected to be completed in November.”
This article was developed in collaboration with Antipa Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.