How Did Antipa Minerals Gold Mineralization Expand During the Phase 2 Drilling?

$AZY How Did Antipa Minerals Gold Mineralization Expand During the Phase 2 Drilling?

Antipa Minerals Ltd Announces Promising Results from Phase 2 Drilling at Minyari Dome Project

Antipa Minerals Ltd (ASX: AZY), a prominent explorer in Western Australia's Paterson Province, has disclosed encouraging outcomes from its Phase 2 CY2023 air core drilling program at the Minyari Dome Gold-Copper Project. The results highlight a substantial expansion of the GEO-01 gold mineralization footprint and the identification of three new gold targets, indicating a significant advancement in the project's exploration and development phase.

Expansion and Discovery at Minyari Dome Project

Extension of GEO-01 Mineralisation: The footprint of GEO-01 gold mineralization has expanded from 600m to 700m, with a notable air core gold anomaly extending 100m southeast, indicating a 1m at 4.3 g/t gold from a depth of 10m.

Significant Infill Results: Infill air core drilling in the southeast of GEO-01 yielded substantial intersections, including 5m at 1.2 g/t gold and 0.08% copper ... from 12m depth.

Identification of New Targets: The exploration efforts have led to the discovery of three promising gold targets – Rizzo, T12, and WACA East – each showing potential for significant mineralization.

Upcoming Drilling Program: These results will be integrated into the planning for the Phase 1 CY2024 drilling program, which includes resource definition, extension drilling at GEO-01, and maiden drilling at the newly identified targets.

Exploration Achievements and Future Plans

The Phase 2 exploration drilling program, consisting of 178 holes and covering 11,248m, has not only expanded the known mineralization at the GEO-01 discovery but also brought to light new areas of interest within the Minyari Dome project area. The program's success underpins Antipa's strategic approach to exploring both known deposits and greenfield sites concurrently.

Roger Mason, Antipa’s Managing Director, expressed optimism about the drilling results, stating, "Our expanded Phase 2 CY2023 air core drill program...has increased the GEO-01 gold mineralized footprint to 700m...At the same time, results from air core drilling into anomalies near to the Minyari Deposit have successfully produced three new gold targets."

The GEO-01 discovery has been a focal point, with further significant near-surface high-grade gold mineralization intersected during the 2023 air core drilling. This, coupled with the identification of the Rizzo, T12, and WACA East targets, showcases the project's potential for further exploration and resource expansion.

Implications for Antipa Minerals and the Mining Industry

The exploration results from Antipa Minerals' Minyari Dome Project are a testament to the untapped potential within the Paterson Province. The expansion of the GEO-01 mineralization footprint and the discovery of new targets underscore the region's richness in gold-copper resources.

As the company moves forward with its Phase 1 CY2024 drilling program, the focus will be on both expanding the known resources and exploring the new targets. This balanced approach not only enhances the project's value but also contributes to the broader understanding of mineralization patterns within the Paterson Province.

Antipa Minerals Ltd's recent exploration achievements at the Minyari Dome Project mark a significant milestone in the company's pursuit of gold-copper resources in Western Australia. With an expanded mineralization footprint at GEO-01 and the identification of new exploration targets, Antipa is well-positioned for growth. The upcoming drilling program promises to further unlock the project's potential, contributing to the mining industry's ongoing exploration success in the region.

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