Antipa Minerals (ASX:AZY) has scheduled a third phase reverse circulation (RC) drilling program, alongside a diamond drilling program to kick off in March next year at the Minyari Dome Copper Project in Western Australia.
RC drilling is expected to comprise 11,000m of drilling, while diamond drilling will comprise an additional 5,000m.
Antipa Minerals Managing Director Roger Mason says the company has made ‘great’ progress on the phase two CY2023 drilling program, with plenty of activities still to come including 4 new soil and/or geophysical targets to be tested within the wider project area.
“From mid-December through to February 2024 we expect a steady pipeline of assays to be returned with results to be incorporated into planned for our CY2024 drilling program.”
The $62 million market capitalisation company recently completed more than 5,300m of RC and diamond core drilling at Minyari Dome, with activities targeting material growth to the existing gold-copper mineral resource and identifying ‘major’ new greenfield discoveries.
Results from the ongoing drilling program at ‘high priority’ targets, in particular GEO-01, will inform the company of the depth and direction of next years’ planned drilling.
At the Tetris target, aircore (AC) drilling is currently underway. Drilling is planned for 800m to test a bulls-eye-shaped partially coincident magnetic-gravity high geophysical signature.
Further, AC drilling has also begun across 4 targets, 1.3km to 12km from the Minyari Dome area. Antipa has planned 105 drillholes for 5,000m, with assays expected to be returned in February 2024.
These drilling programs are materially supported through the Western Australian Government Exploration Incentive Scheme (EIS) funding grants of up to more than $800,000.
Antipa Minerals is a mineral explorer focused on discovering ‘world-class’ gold-copper deposits in the ‘highly prospective’ Paterson Province of Western Australia.
As of 30 September 2023, the company had $8 million cash at hand and zero debt, according to its latest quarterly report. Post quarter-end the company had a further $2 million from a rights issue and shortfall placement completed in October 2023.
Write to Aaliyah Rogan at Mining.com.au
Images: Antipa Minerals
