Antipa Minerals (ASX:AZY) has identified a ‘very large’ aircore gold and pathfinder anomaly within its Paterson Farm-in Project in Western Australia, amid completing 6,600m of the planned 9,000m drill program.
The recently discovered AL01 anomaly lies 17km north of Antipa’s 1.5-million-ounce Minyari gold-copper-silver resource.
Antipa, which has a market capitalisation of $53.75 million, says the latest aircore drilling results have expanded the AL01 target to a 5km-long meta-sediment-hosted gold and pathfinder anomaly.
Managing Director Roger Mason says once combined with the upcoming drill program at the existing PP-GRAV02 and PP-GRAV01 targets and the planned upcoming program at Tim’s Dome, there is ‘significant’ exploration upside set to be unlocked close to Antipa’s Minyari resource.
To date, 3,668m of aircore, 1,423m of reverse circulation (RC), and 1,492m of diamond drilling results have been received.
Some of the more notable aircore intersections along the AL01 anomaly include 14m at 0.14 grams per tonne (g/t) gold from 65m, including 4m at 0.28g/t gold.
These assays, along with the upcoming drilling assays, are anticipated to inform the planning for the remainder of Antipa’s 2024 exploration programs.
Antipa is conducting a maiden diamond drilling program at the two PP targets next month, fully funded by its farm-in partner IGO (ASX:IGO), while at the nearby Wilki Farm-in Project, a heritage survey is planned to be conducted during Q1-Q2 2024.
The heritage survey clears the path for drill testing at the extensive 3km-long and 1.5km-wide Parklands gold and pathfinder anomaly, which sits 10km from Telfer.
The exploration program will be operated by Newmont (ASX:NEM) and will include 450m of RC or diamond drilling.
Antipa Minerals is a mineral explorer focused on discovering gold-copper deposits in the ‘highly prospective’ Paterson Province of Western Australia.
As of 31 December 2023, the company had about $6.320 million cash and cash equivalents, according to its latest interim financial report.
Write to Aaliyah Rogan at Mining.com.au
Images: Antipa Minerals
