Antipa Minerals (ASX: AZY) will target precious and base metals in a new Phase 2 diamond drilling program at the Citadel Project in Western Australia, which will cover around 4000 metres.
The drill will start spinning towards the end of June, with the program expected to take around two-and-a-half months. Geophysical surveys will also include DHEM surveying of all Phase 2 drillholes.
Exploration will be focused on the recently discovered Calibre gold-copper-silver deposit. Calibre is a +800m long bulls-eye magnetic and co-incident electromagnetic conductivity anomaly
Previous exploration by Antipa at Calibre is limited, with the company completing a total of six diamond drillholes which only tested a fraction of the magnetic anomaly, which delivered 255 to 450 metre intersections of semi-continuous precious and base metal sulphide mineralisation.
The company had around $1.9 million in cash at the end of March 2013.
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.