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High-grade gold just keeps going at Antipa’s Minyari Dome Project in the Paterson
Mining
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It’s every explorer’s dream – to just keep hitting high-grade gold from close to surface, and Antipa is living the dream at its Minyari Dome Project in WA’s Paterson Province.
Antipa Minerals (ASX:AZY) continues to demonstrate the large resource upside potential at its Minyari and WACA deposits in WA’s Paterson Province with more very wide and high-grade gold intercepts from close to surface and at depth.
A further 41 drill hole results showed notable near-surface intercepts such as 77m at 1.5 grams per tonne (g/t) gold and 0.2% copper from 13m, which included higher grade sections of 1m at 13.6g/t gold and 0.8% copper from 53m and 4m at 9.7g/t gold and 0.6% copper from 85m at the Minyari deposit.
Minyari drilling also delivered a massive 118m hit at 1.0g/t gold and 0.1% copper from 201m, including 3m at 12.2g/t gold, 0.07% copper and 0.12% cobalt from 230m and 1m at 10.0g/t gold and 1.8% copper from 318m.
Drilling at depth at Minyari returned intercepts like 17m at 5.2g/t gold and 0.1% copper from 677m from within a much broader 194.4m at 0.8g/t gold and 0.06% copper from 527m.
Meanwhile, near-surface drilling at the WACA deposit hit 57m at 1.5g/t gold and 0.05% copper from 127m, including 25m at 2.7g/t gold and 0.04% copper from 159m and 2m at 10.9g/t gold and 0.04% copper from 182m.
At depth, the WACA deposit revealed intercepts like 76.2m at 0.9g/t gold and 0.01% copper from 430m, including 10m at 3.8g/t gold and 0/07% copper from 485m and 3.3m at 9.8g/t gold and 0.1% copper from 489.4m.
The high-grade mineralisation at WACA now extends for 650m of strike, spanning a width of up to 100m and has been extended down to 500m. Mineralisation remains open in several directions.
The drilling results received so far have substantially extended the zones of very high-grade gold-copper-silver-cobalt mineralisation outside the current Minyari and WACA resources.
‘Significant resource upside’
“These results, and all of the results received for the Minyari drilling this year, are another very important step towards the company’s near-term objective of a standalone open pit and underground mining operation,” Managing Director Roger Mason said.
“The confirmation of thick high-grade breccia style mineralisation at depth at both Minyari and WACA is exciting and provides the potential for further significant resource upside.
“Based on encouraging brownfield and greenfield results the 2021 drill program was further expanded to 52,600m with this program expected to be completed by mid-December.”
A resource update is slated for release in the first quarter of 2022.
Just last week, Antipa revealed the ‘camp-style’ gold-copper potential of its 100% owned Minyari Dome Project right next door to Newcrest Mining’s (ASX:NCM) massive Telfer gold-copper-silver mine and processing facility.
A reference to ‘camp-style’ potential indicates the possible significant scale of a project, with these multiple near-surface discoveries remaining open.
Antipa said drilling at depth at Minyari confirmed continuity of moderate northwest plunging “pipe” like, thick high-grade breccia mineralisation, which remained open at depth providing further “exciting exploration upside.”
The company has now started a drillhole electromagnetic (DHEM) survey to identify further high-grade resource extension drilling targets.
With the continued exploration success at Minyari Dome, the project has shown potential to be both an open pit and underground mining operation.
The Minyari and WACA deposits currently host 723,000 ounces of gold at 2.0 grams per tonne (g/t) and 26,000 tonnes of copper at 0.24% in the soon to be superseded 2017 resource, with material upside potential.
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.
