Antipa Minerals Ltd (ASX:AZY) has found a significant gold and pathfinder anomaly, which it has named AL01, at the Paterson Farm-in Project some 17 kilometres north of the 1.5-million-ounce Minyari gold-copper-silver resource.
The discovery is part of ongoing exploration activities under the company's 2023 program.
Plan showing Paterson IGO Farm-in Project (Antipa 100%) areas covered by 2021 and 2022 regional/project scale aircore and soil geochemical sampling programs, with 2023 aircore drill program focused on AL01 and AL02 target areas.
Potential for significant gold
The AL01 anomaly extends over a five-kilometre area, highlighting the potential for significant gold deposits in the region.
Antipa Minerals is currently finalising the results from its 2023 exploration program at the Paterson farm-in with IGO Ltd in Western Australia, one of its three large-scale gold-copper project partnerships.
The 2023 exploration program includes 6,600 metres of drilling, with assays completed for aircore, reverse circulation (RC) and diamond core drilling segments.
These activities have expanded the AL01 target area and are crucial for planning the 2024 exploration efforts, which have a budget of A$4.2 million, fully funded by IGO.
Alongside the find at Paterson, exploration programs are progressing at the Wilki Farm-in Project and the Citadel Joint Venture Project.
Flurry of activity
Preparations are underway for a heritage survey at the Wilki project, operated by Newmont, and drilling at the Parklands target, while at the Citadel project, the company is pursuing target generation in partnership with Rio Tinto (ASX:RIO) for its upcoming drilling schedule.
Antipa managing director Roger Mason said: “We are very pleased to share results of the CY2023 exploration program at the Paterson farm-in project.
“Aircore drilling at the AL01 target has extended the known anomalous zone to an impressive 5 kilometres in length.
“When combined with the upcoming drilling at the existing PP-GRAV02 and PP-GRAV01 targets, fully funded by IGO, and currently planned upcoming drilling at Tim’s Dome, fully funded by Newmont, there is significant exploration upside set to be unlocked close to our Minyari resource.”