THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) reported news from ongoing exploration at the company’s 100 per cent-owned North Telfer and Paterson projects which are both close to Newcrest Mining’s Telfer gold mine and Rio Tinto’s Winu discovery in Western Australia.
Antipa Minerals recently expanded its greenfield exploration program to include a high-resolution aeromagnetic survey covering a total strike length of 60 kilometres and a combined area of 260 square kilometres.
The company explained its objective was to both refine existing, and also define new, magnetic high anomalies with potential to represent semi-massive to massive sulphides associated with gold and/or copper mineralisation, including Havieron deposit lookalikes.
The Havieron deposit is an aeromagnetic anomaly discovered by Newcrest in 1991 that Antipa described as ‘visible sitting under 430 metres of cover
Antipa claimed its December aeromagnetic survey identified several Havieron lookalike targets.
“We are pleased to confirm that the recent aeromagnetic survey, completed during December as part of our expanded greenfields exploration program, has identified several Havieron gold-copper deposit lookalike magnetic anomalies,” Antipa Minerals managing director Roger Mason said in the company’s announcement to the Australian Securities Exchange.
“These aeromagnetic targets along with the AEM targets identified in 2018 will be systematically evaluated this year with the aim of making a world-class discovery in Western Australia’s under explored Paterson Province.”
Aerial Electromagnetic (AEM) and aeromagnetics have played pivotal discovery roles in the Paterson Province, and are considered by Antipa as effective geophysical exploration techniques for revealing gold and/or copper deposits concealed beneath barren cover in the region.