Diamond core drilling results have confirmed gold mineralisation at Antipa Minerals Ltd (ASX:AZY)’s 100%-owned Minyari Dome Gold-Copper Project in the Paterson Province of Western Australia.
The assay results are from two diamond core holes, totalling 1,664 metres of drilling, at two Pacman geophysical targets, completed as part of the CY2024 Phase 1 drilling program. The Pacman geophysical targets are about 30 kilometres east of the Minyari deposit, along trend from the 7-million-ounce gold and 275,000 tonne copper Havieron deposit.
The results confirm encouraging gold-copper mineralisation and associated strong pathfinder anomalism at the PM1 Havieron analogue magnetic high target.
Antipa managing director Roger Mason said: “We are encouraged by the gold and copper mineralisation, as well as the strong mineral system pathfinder elements identified at Pacman’s PM1 target.
“While additional evaluation will be required to fully explain the anomalism, our activities for the second half of this calendar year are firmly focused on expanding and advancing the exciting Minyari Dome gold-copper development opportunity.
“Minyari Dome is a highly strategic project, particularly given the recent corporate activity, its proximity to Newmont’s Telfer goldcopper mine and processing facility, and the large-scale regional consolidation opportunities available in the Paterson Province.”
The company notes that additional geophysical modelling is needed to fully explain the Pacman anomalies.
Here is Antipa’s Minyari Dome Project including the Pacman targets, plus the nearby Rio Tinto-Antipa Citadel JV Project, including the Calibre and Magnum resources, the Antipa-Newmont Wilki farm-in, the Antipa-IGO Paterson farm-in, Newmont Corp’s Telfer Mine and O’Callaghans deposit, Rio Tinto’s Winu deposit, Newmont-Greatland Gold’s Havieron deposit and Cyprium’s Nifty Mine:
Resource updates and scoping study ahead
The advises that an update to the August 2022 Minyari Dome scoping study is scheduled for the second half of September.
Antipa also expects to deliver a maiden mineral resource estimate (MRE) at the project’s GEO-01 target during the first half of September 2024.
An update to the Minyari Dome MRE is also expected in the coming weeks. The company is targeting further increases to the existing MRE, which currently stands at 1.8 million ounces of gold, 64,300 tonnes of copper, 584,000 ounces of silver and 11,100 tonnes of cobalt at 1.6 g/t gold and 0.19% copper.
Antipa also plans to commence phase 2 exploration drilling at the project in the fourth quarter CY2024.
Minyari Dome Project Pacman area tenements, PM1, PM2 and PM3 geophysical targets, and completed and planned diamond core drill holes.
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