Antipa Minerals (ASX:AZY) is set to begin resource definition and extension drilling, as well as a maiden drill program within its Minyari Dome Gold-Copper Project in Western Australia, amid receiving assay results from last year’s phase two drill program.
The $57.88 million market capitalisation company says a combination of reverse circulation (RC) and diamond core drilling is planned for 11,000m across the GEO-01 gold discovery and at 3 ‘high’ potential Pacman targets.
At the Pacman targets, the program will include completing an Exploration Incentive Scheme (EIS) drilling. The diamond core drill testing of all 3 ‘large-scale’ targets is supported by $660,000 of further EIS co-funding drilling grants.
Results from the second phase aircore drilling program, as well as the phase three program conducted at Minyari will be incorporated into planning this year’s phase one drilling program.
Managing Director Roger Mason says: “Our expanded phase two CY2023 aircore drill program was designed with the dual purpose of further interrogating the GEO-01 discovery area whilst simultaneously targeting new greenfield discoveries.
We are pleased to report that the aircore results released today demonstrate the GEO-01 gold mineralised footprint has increased to 700m, with a number of significant, very near surface, gold intersections returned.
At the same time, results from aircore drilling into anomalies near to the Minyari deposit have successfully produced 3 new gold targets, which in many cases have returned mineralisation down to the end-of-hole.”
At GEO-01, results confirm the gold mineralisation footprint increases from 600m to 700m, including hole 23MYA0205 recording 1m @ 4.3 grams per tonne gold from 10m.
Meanwhile, 3 new gold targets were uncovered from very broad spaced aircore drillholes, namely the Rizzo, T12, and WACA East targets.
Antipa reports some of these results include hole 23MYA0153 with 12m @ 1g/t Au and 0.12% copper from 8m; and hole 23MYA0291 with 10m @ 0.2g/t Au from 20m.
The Minyari Dome project covers a 877km-square area in the Paterson Province of Western Australia.
Antipa Minerals is an Australian mineral explorer and developer focused on its ‘large-scale’ assets.
As of 31 December 2023, the company had $6.32 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Antipa Minerals
