Base Metals: Antipa’s Paterson search uncovers more mineralised zones

Antipa Minerals (ASX:AZY) has found multiple zones of copper-gold-silver-lead-zinc mineralisation at its 100 per cent-owned tenements in Western Australia’s Paterson Province.

Drilling at the Serrano-Poblano prospects returned assays of 4m at 8.1 grams per tonne (g/t) gold and 0.23 per cent copper from a depth of 194m, 12m at 0.9g/t gold, 0.24 per cent copper, 1.29g/t silver and 0.1 per cent tungsten from 165m, and 79m at 0.2g/t gold and 0.06 per cent copper from 110m.

The company said the very broad spaced drilling had defined a 1.8km long and several hundred metre wide mineralised zone that was open in most directions.

Antipa has also confirmed the presence of a second mineralisation trend at the Grey prospect within the El Paso structural corridor with drilling returning a top hit of 3m at 197.2g/t silver, 0.9 per cent copper, 2.2 per cent lead, 0.2 per cent zinc and 0.12g/t gold from a depth of 66m.

Further drilling and ground-based geophysical surveys are envisaged for 2020.

Antipa is also waiting on results from further drill holes, a 600sqkm airborne electromagnetic survey and an induced polarisation survey.

Shares in AZY were up 18 per cent this morning to 1.3c.

Read more:
Paterson hunt generates enough smoke to excite Antipa

In other ASX base metals news today:

Impact Minerals (ASX:IPT) has identified several new targets for porphyry copper-gold mineralisation at its Commonwealth project in New South Wales’ prolific Lachlan Fold Belt.

These targets are along trend from Alkane Resources’ (ASX:ALK) recent Boda-Kaiser porphyry gold-copper discovery. A full synthesis and review of previous exploration data is underway with a view to start further field programs.