Antipa Minerals Unearths Exploration Potential Near Minyari Resource

Antipa Minerals Ltd (ASX: AZY) is accelerating exploration across its three projects alongside mining partners IGO (ASX: IGO), Newmont (ASX: NEM), and Rio Tinto (ASX: RIO).

At the Paterson Farm-In Project in the Paterson Province of Western Australia, exploration has identified a large-scale gold anomaly named AL01.

This is located 17 kilometres north of the company’s 1.5-million-ounce Minyari gold-copper-silver resource.

This discovery adds to Antipa’s total attributable gold resource of 2.6 million ounces.

Drilling Program Progresses at Paterson

IGO is currently funding and operating a 9,000-metre drilling program at Paterson, with approximately 6,600 metres completed.

Air core results have extended the AL01 anomaly to a compelling 5-kilometer target zone.

The program will culminate in the maiden diamond core drilling at PPGRAV01 and PP-GRAV02 targets in early April 2024.

This A$4.2 million program focuses on uncovering sediment-hosted copper deposits with potential gold and cobalt byproducts.

The Paterson region boasts significant historical discoveries, with over 19 million ounces of gold and 3.4 million tonnes of copper unearthed in the past seven years.

Antipa Sees Exploration Upside Near Minyari

Antipa’s Managing Director, Roger Mason, highlighted the exciting potential, stating, “Combined with upcoming fully-funded drilling by IGO at PP-GRAV01 and PP-GRAV02, and planned drilling at Tim’s Dome funded by Newmont, there’s significant exploration upside to be unlocked close to our Minyari resource.”

Exploration Activities at Other Projects

  • Wilki Farm-In Project with Newmont: Exploration here targets discoveries to potentially supply Newmont’s nearby Telfer processing facility. A heritage survey is planned for Parklands, a large gold anomaly located just 10 kilometers from Telfer. Additional drilling is also planned at Tim’s Dome in Q2 CY2024, fully funded by Newmont.
  • Citadel Joint Venture Project with Rio Tinto: The CY2024 exploration program for this project (32% Antipa, 68% Rio Tinto) is currently under development, with a $2.1 million budget fully funded by Rio Tinto and operated by Antipa.

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