Join Proactive's Tylah Tully as she breaks down 'Just the Facts' of Antipa Minerals Ltd (ASX:AZY) lasted ASX announcement.
The company has confirmed gold mineralisation at its Pacman targets within the MinyariDome Gold-Copper Project, located in the Paterson Province of Western Australia. The confirmation comes from recent diamond core drilling, which involved two holes totalling over 1,600 metres.
The Pacman targets are situated 30 kilometres east of the Minyari deposit and are along trend from the Havieron deposit, which contains seven million ounces of gold and 275,000 tonnes of copper. The drilling results have shown encouraging gold and copper mineralisation, as well as strong pathfinder anomalism.
The company notes that further evaluation is needed to fully understand the anomalism. Additionally, Antipa highlights the strategic importance of the Minyari project due to its proximity to Newmont’s Telfer gold-copper mine and the regional consolidation opportunities in the Paterson Province.
The company plans to release updates on the scoping study and mineral resource estimates in September, with Phase 2 exploration drilling expected in the fourth quarter.