Multiple New Zones of High-Grade Gold Discovered at Minyari

Open PDF
Stock Antipa Minerals Ltd (AZY.ASX)
Release Time 16 Dec 2024, 8:26 a.m.
Price Sensitive Yes
 Multiple New Zones of High-Grade Gold Discovered at Minyari
Key Points
  • Significant new high-grade gold-copper intersections at Minyari South, Fiama, and Minyari Southeast
  • Mineralisation remains open across multiple prospects, offering resource growth potential
  • Assays pending for 37 additional holes, further success and resource expansion expected
Full Summary

Antipa Minerals has announced assay results from a second batch of 23 reverse circulation (RC) holes (for 3,552m), completed as part of the 72-hole (for 11,134m) CY2024 Phase 2 drilling programme at its 100%-owned Minyari Dome Gold-Copper Project in Western Australia. The results confirm the discovery of additional new zones of near-surface high-grade gold, including in the southern part of the GEO-01 prospect, now referred to as Fiama, Minyari South, and Minyari Southeast. Highlights include a 17m intersection grading 6.8 g/t gold and 0.50% copper at Minyari South, a 16m intersection grading 3.8 g/t gold and 0.09% copper at Fiama, and multiple high-grade intersections at Minyari Southeast. The company notes that mineralisation remains open across multiple prospects, offering significant resource growth potential. Assay results for the remaining 37 holes (for 5,668m) are expected in early CY2025.

Outlook

The company plans to continue its exploration and resource definition drilling at Minyari Dome in 2025, with the aim of further increasing the existing 2.3 million ounce gold, 84,000 tonne copper, 661,000 ounce silver and 13,000 tonne cobalt Mineral Resource. Pending board approval, a Pre-Feasibility Study for the Minyari Dome project may commence in Q1 2025.