Antipa Minerals (ASX:AZY) has defined expanded a soil anomaly at Calibre in Western Australia to 2 kilometres in strike length and up to 600 metres in width.
The strongest region is 1.5 kilometres by 300 metres, located immediately south of existing drilling and remains untested.
The Corker prospect has revealed several soil anomalies across a 2.7 kilometre long corridor, of which only 220 metres has been tested by drilling.
The ANK-H soil anomaly at Corker is around 1 kilometre by 1 kilometre, and of similar strength to Calibre soil anomaly.
The MMI-M and SGH soil techniques use by Antipa are designed to identify anomalies vertically above buried mineralisation, and this has been verified by these survey results.
The ability of MMI-M and SGH to see buried Proterozoic base metal and precious mineralisation beneath younger sand dune and Permian transported cover is an exciting development for Antipa.
In order to fine tune specific target areas for drilling, Antipa will conduct additional soil sampling and ground magnetic surveys.
Priorities will be reappraised based on this new data, with the expectation that drilling could commence during the second half of April.
Late last year, Antipa entered into an agreement to acquire the Mark Creasy controlled company Kitchener Resources in the Paterson Province, Western Australia.
Kitchener Resources holds 15 exploration licences covering 3367 square kilometres, largely adjacent to the existing mineral tenements and applications held by Antipa, and include substantial ground near the world class Telfer Gold-Copper Mine.
The consideration for the acquisition of Kitchener Resources is a 1% net smelter royalty over Kitchener Resources’ tenements, and the issue of 10 million shares in Antipa at an issue price of $0.055.
Mark Creasy, through Yandal Investments, thus becomes a 5.1% substantial shareholder in Antipa; a ringing endorsement of Antipa by one of Australia's most successful prospectors.
This development positions Antipa as the dominant landholder in the prospective Paterson Province with 6300 square kilometres around the Telfer Dome.
Capped at under $5 million, with large targets and near term drilling, Antipa could be one to watch over the next few months.
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