Posts

Antipa Minerals Increases Calibre Gold Resource to 2.5Moz

/in , /by

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

 

Antipa Minerals Drills Near-Surface High-Grade Gold

/in , /by

THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) received final results from Phase 1 reverse circulation (RC) drilling completed at the company’s 100 per cent-owned Minyari Dome gold-copper project in the Paterson Province of Western Australia.

Antipa Minerals reported identification of new zones of near surface, high-grade gold along the northern edge of the project’s GEO-01 discovery, at the GP01 target, and at the Minyari Southeastern Extension target.

Shallow, high-grade new intersections returned, included:

24MYC0610
35m at 3 grams per tonne gold from 20m down hole, including 16m at 5.6g/t gold from 33m down hole, also including 1m at 14.4 g/t gold from 34m; and 1m at 24g/t gold from 48m;

24MYC0470
10m at 3.6g/t gold from 140m down hole (EoH 150m), including 4m at 8.9 g/t gold from 140m down hole; and

24MYC0459
49m at 1.5g/t gold from 2m down hole, including 12m at 4.9g/t gold from 34m down hole.

“We are delighted to report these final assay results from our CY2024 Phase 1 RC drilling program at Minyari Dome, Antipa Minerals managing director Roger Mason said in the company’s ASX announcement.

“The decision to expand the initial size and scope of drilling has delivered some fantastic outcomes with thick, near-surface high-grade gold mineralisation discovered at multiple target areas.

“Importantly, the drilling programme successfully identified new gold zones along the northern edge of GEO 01, at the GP01 target, and at the Minyari Southeastern Extension target.

“This serves to meaningfully increase the resource potential at the existing Minyari deposit and adds to the already substantial opportunity at GEO-01.

“Results from the program also facilitate refinement of our geological model and enable generation of multiple new drill target locations.

“In parallel, we are advancing workstreams designed to deliver a GEO-1 maiden resource and an update to the existing Minyari resource, both scheduled for July 2024, while we prepare for the upcoming CY2024 Phase 2 drilling program set to commence later this year.

“We now await assay results from the two diamond drill holes completed at our PM1 and PM2 targets which we expect will be returned late this month.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Antipa Minerals Encounters High-Grade Gold Intersections at Minyari Project GEO-01 Target

/in , /by

THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) reported results from the first six holes of recent CY2024 Phase 1 drilling at the company’s 100 per cent-owned Minyari Dome gold-copper project in the Paterson Province of Western Australia.

Antipa Minerals has completed the initial 39 reverse circulation (RC) holes of the 71-hole drilling program, from which assay results for the first six RC holes drilled at the GEO-01 target returned thick zones of near surface, potentially open pittable, high-grade gold mineralisation.

High-grade intersections from the first six drill holes include:

24MYC0441
66 metres at 1.4 grams per tonne gold and 0.04 per cent copper from 118m down hole in, including 6m at 1.9 g/t gold and 0.11 per cent copper from 118m down hole, and 17m at 4.4 g/t gold from 157m down hole, including 4m at 15.5 g/t gold from 168m;

24MYC0442
26m at 1.3 g/t gold from 37m down hole, including 6m at 2.4 g/t gold from 37m down hole and 4m at 2.4 g/t gold from 59m down hole, and
20m at 2.4 g/t gold from 114m down hole, including 11m at 3.4 g/t gold from 122m down hole, including 3m at 4.8 g/t gold from 124m; and

24MYC0445
39m at 1g/t gold from 71m down hole, including 5m at 2g/t gold from 71m down hole and 2m at 2.8g/t gold from 94m downhole.

“Our Phase 1 CY2024 drill program is off to a great start, with fantastic initial results returned from the first six holes of resource delineation drilling at GEO-01,” Antipa Minerals managing director Roger Mason said in the company’s ASX announcement.

“Grades of up to one metre at 28.9 grams per tonne gold have been returned, with multiple intersections of near surface high-grade mineralisation.

“Importantly, these results show an increase in the thickness of the main zone of mineralisation.

“With GEO-01 open in most directions, it continues to shape up as a substantial shallow, maiden resource opportunity.

“We look forward to receiving the next batch of GEO-01 results in the coming weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE