THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) reported results from an aerial electromagnetic (AEM) geophysical survey completed on the company’s Wilki Farm-in project within the Paterson Province of Western Australia.
The survey was completed by Antipa’s Farm-in partner Newcrest and is part of the Wilki 2020 Exploration Program that consists of two phases of greenfield exploration to be operated by Antipa and fully-funded by Newcrest Operations Limited.
Under the terms of the Wilki Project Farm-in Agreement, Newcrest is required to fund a minimum of $6 million of exploration expenditure, inclusive of management fees, within two years.
The survey identified three high priority preliminary targets situated within 10 to 44 kilometres of high-grade the Havieron gold-copper deposit and the Telfer gold-copper mine and processing facility.
According to Antipa, some targets have similar characteristics to high-grade Havieron gold-copper deposit.
Drill testing of identified AEM and magnetic targets is planned to commence in October while the exploration program continues charged with the aim of discovering similar style mineralised systems to nearby Telfer, Havieron, Winu and Nifty deposits.
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