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Mining

Antipa Minerals starts diamond drilling at Citadel project

Antipa Minerals (ASX:AZY) has started diamond drilling at its Citadel Project, which will focus on the significant exploration potential of its recently discoverd Calibre gold-copper-silver deposit.

As part of the Phase 1 exploration, the diamond drillhole is designed to test the downhole electromagnetic (DHEM) conductivity anomaly identified from the DHEM survey that was done last year on the Calibre discovery.

The drillhole also aims to step closer to the centre of the large Calibre magnetic anomaly.

The second drillhole in Phase 1 is aimed to test the centre of the Calibre magnetic anomaly to investigate the increasing amount and grade of mineralisation found last year.

The drilling programme is expected to continue for approximately one month and consist of up to 2,000 metres of diamond drilling.

The location of further drilling will be determined upon review of the results of both the geophysics programme and initial drilling.

GEM Geophysics Pty Ltd have completed a DHEM survey of the second Calibre drillhole drilled last year and the interpreted results are expected to be available by early next week.

Additional geophysical surveys, including fixed-loop surface electromagnetic and ground magnetic surveys, at Calibre are on schedule and planned be carried out over the next several weeks.

Antipa's Citadel project covers 1,714 square kilometres of prospective tenements and is located about 100 kilometres north of Newcrest Mining's Telfer gold-copper mine.

The project also includes the gold and copper Magnum deposit, where a maiden resource of 415,000 ounce gold, 641,000 ounce silver and 77,000 tonnes of copper was defined last year.

It has also made priority application for an additional 1,330 square kilometres of exploration licences called the North Telfer project, the granting of which would bring its tenements just 20 kilometres of Newcrest's Telfer project.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China

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