AZY strikes jackpot at Minyari Dome
Drilling has also extended mineralisation at existing deposits such as Minyari South and multiple GEO-01 deposits
Phase 2 drilling launching in mid-August with up to 35,000m of aircore, reverse circulation and diamond drill holes
Special Report: Phase 1 drilling at Antipa Minerals' Minyari Project in WA's Paterson Province has delivered new gold-copper zones and extended several existing deposits.
Results from the second batch of 54 holes – out of 304 holes completed under the programme – returned step-out extensions at multiple deposits with notable assays such as:
41m at 1.8g/t gold and 0.18% copper from 98m
1m at 35g/t gold, 0.06% copper and 0.3% cobalt from 258m
10m at 3.1g/t gold and 0.06% copper from 149m
The drilling also uncovered new zones of gold-copper mineralisation to the south of Fiama and Rizzo with a top result of 60m at 0.4g/t gold and 0.15% copper from 4m.
To date, Antipa Minerals (ASX:AZY) has received assays representing 53% of the total Phase 1 drilling.
It notes that mineralisation remains open at the GEO-01 Main Zone, GEO-01 Central, Fiama, Minella and Minyari South deposits as well as at multiple prospects and discoveries.
'These latest results continue a steady stream of new discoveries that highlight the broader potential of Minyari Dome, with drilling confirming a new gold-copper discovery and materially extending mineralisation across several deposits,' Managing Director Roger Mason said.
'The outstanding intercepts at Minyari South and GEO-01 reinforce our view that Minyari Dome has the potential to support a significant, long-life standalone gold development, with additional ounces still to be uncovered.'
More from AZY: Antipa raising $40 million to fund Minyari Dome gold development
Minyari Dome drilling
The Phase 1 drilling programme of 304 aircore, reverse circulation and diamond drill holes totalling 34,179m, was designed to extend the existing resource of 2.4Moz gold including 1.7Moz in the higher confidence Indicated category and test greenfield targets.
Growth drilling focused on Minyari South and the broader GEO-01 prospect area, covering the Main Zone, Minella, Fiama and Central gold±copper deposits.
Drilling at Minyari South opened up its western limb, which strikes up to 300m, as a significant high-grade gold and copper resource growth opportunity while hole 25MYD0538 highlighted high-grade gold potential at depth.
It also extended the vertical extent of gold-copper mineralisation at GEO-01 Main Zone from 350m to 480m, from 220m to 315m at Fiama, from 100m to 230m at Minella and from 110m to 250m at GEO-01 Central.
Additionally, mineralisation at Fiama, Minella and GEO-01 Central remains open in several directions.
Discovery drilling tested southern extensions to Fiama and Rizzo in an area where access was previously blocked by the Paterson IGO farm-in project's tenement boundary.
This drilling discovered shallow gold-copper mineralisation across an 800m by 700m area, highlighting the potential to materially increase the Minyari Dome resource.
Next steps
The Company is awaiting assays from a further 194 holes from the Phase 1 drilling that included 14 resource growth-focused holes and 180 discovery-focused holes.
Results are expected during the current quarter and will further guide the design of its Phase 2 drill programme, which is set to begin in mid-August.
This is expected to include 25,000m to 35,000m of aircore, reverse circulation and diamond drilling.
'With results from Phase 1 drilling continuing to deliver on both discovery and resource growth fronts, Phase 2 drilling set to commence in the coming weeks, and our Pre-feasibility Study advancing in parallel, we look forward to updating our shareholders with a steady stream of news through the remainder of this year,' Mason added.
This article was developed in collaboration with Antipa Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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