Antipa Minerals Increases Calibre Gold Resource to 2.5Moz

THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) reported an increase to the Mineral Resources Estimate (MRE) on the Citadel Joint Venture Project, which is 68 per cent-owned by the company’s JV partner Rio Tinto Exploration with Antipa holding 32 per cent.

Antipa Minerals announced a 19 per cent increase to the Inferred MRE at the Calibre deposit within the project to:

• 2.5 million ounces of gold, 115,000 tonnes of copper and 1.6 million ounces of silver contained within 111 million tonnes at 0.71 grams per tonne gold and 0.1 per cent copper and 0.44g/t silver

• 3.1 million gold-equivalent ounces at 0.86 g/t gold-equivalent1

The Calibre deposit is located 45km east of Rio Tinto’s Winu copper-gold-silver resource and Ngapakarra gold-copper deposit.

“This update reaffirms that Calibre, which was discovered by Antipa, is a very large-scale gold-copper-silver mineral system with significant growth potential located in the rapidly advancing tier-one Paterson Province,” Antipa Minerals managing director Roger Mason said in the company’s ASX announcement.

“The scale of the Calibre deposit in conjunction with its off-the-shelf metallurgical characteristics and shallow, predominantly free-digging, post-mineralisation cover, should suit a potential large scale open pit mining development scenario.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE