Antipa Minerals Ltd (ASX: AZY) (Antipa or the Company) is pleased to announce the commencement of CY2024 Phase 1 drilling at its 100%-owned Minyari Dome Gold-Copper Project in the Paterson Province of Western Australia.
Highlights
Drill rigs mobilised and drilling is underway at the Minyari Dome Project. Programme currently scheduled for a total of 74 drill holes for 13,770m, comprising: 71 reverse circulation (RC) holes for 10,620m and Three diamond core holes for 3,150m. Dual-focus programme: Delivery of maiden Mineral Resource at the GEO-01 discovery and Testing of multiple high-priority greenfield targets, including three Pacman geophysical targets (PM1, PM2 and PM3). Phase 1 exploration programme fully funded, with Pacman drilling activities partiallyi supported by two Western Australian Exploration Incentive Scheme (EIS) funding grants totalling A$440,000
Antipa's Managing Director, Roger Mason, commented 'Both the RC and diamond rigs have arrived at our Minyari Dome Project and are set for an exciting programme of drilling over the coming months. This year's Phase 1 exploration is geared towards both resource delineation at GEO-01 and targeting of new greenfield discoveries. In particular, drilling at our three Pacman targets has the potential to deliver rapid, game-changing success. With approximately 13,800m of RC and diamond core drilling planned, the 2024 drilling programme has potential to add substantial further value to the Minyari Dome development.'
CY2024 Phase 1 Minyari Dome Project Exploration Programme
The Phase 1 CY2024 exploration drilling programme, which has commenced, has been designed to enable a maiden Mineral Resource Estimate (MRE) at the GEO-01 discovery and to target new goldcopper discoveries within multiple high-priority target areas. Phase 1 is currently scheduled for a total of 74 drill holes for 13,770m, comprising 71 RC holes for 10,620m and three diamond core drill holes for 3,150m, with first assays expected early June
GEO-01 Discovery: Located approximately 1.3km south of the 1.5Moz Minyari gold-copper deposit, the GEO-01 discovery occupies a prospective footprint covering 700m by 370m. Significant nearsurface, high-grade gold mineralisation returned at GEO-01 during CY2023 drilling (refer ASX announcement 2 August 2023) included notable intersections: 24m at 1.3 g/t gold from 16m down hole in 23MYC0383, including:/ - 4m at 6.7 g/t gold from 28m 68m at 1.4 g/t gold from 68m downhole to within 2m of end-of-hole (EoH) in 23MYC0383,/ including: - 36m at 2.6 g/t gold from 72m 48m at 1.3 g/t gold and 0.05% copper from 132m down hole to EoH in 23MYC0384,/ including: - 28m at 2.2 g/t gold and 0.05% copper from 132m Mineralisation at GEO-01 remains open in most directions, presenting the potential for a substantial shallow potential maiden resource opportunity. In the Phase 1 programme, 20 RC holes for 3,410m are planned at GEO-01, including infill/definition drilling plus extensional drilling 300m along strike and 150m across strike of the main zone of observed mineralisation
Greenfield discovery drilling
Pacman geophysical targets: The Pacman targets are located about 30km east of the Minyari deposit, along trend from the 7Moz gold and 275kt copper Havieron deposit: PM1 is a bulls-eye magnetic high in a fold nose, bearing a similarity in style, geometry and scale to the Havieron deposit. PM2 is a gravity high with a partially coincident magnetic high, presenting a target for a high-grade copper Nifty style deposit. PM3 is an ovoid discrete 1,200m by 900m gravity high anomaly with semi-coincident 1,200m magnetic high anomaly on larger curvilinear feature. As with PM1, the PM3 geophysical anomalism bears some resemblance to Havieron
All three Pacman targets are hosted by interpreted Havieron equivalent stratigraphy under a modelled cover depth of 350m. The closest effective drill hole to any of the Pacman targets is located around 10km away. Detailed aeromagnetic and ground gravity geophysical surveys have also been completed over the Pacman area to enhance geological and structural interpretation enabling refinement of the target areas. Three Pacman targets are planned to be drill tested with three diamond core drill holes (one at each target) for a total of approximately 3,150m in the CY2024 Phase 1 programme. This drilling programme is supported by two Western Australia EIS co-funding grants totalling A$440,000
Broader GEO-01 exploration drilling: The previous Phase 2 CY2023 drilling included 150 air core drill holes for 5,589m which increased coverage to a 1.6km2 area surrounding GEO-01 and also to within 300m of the Minyari deposit. Phase 1 CY2024 drilling has been designed to follow up multiple zones of gold mineralisation within the broader GEO-01 area, identified by the broad spaced CY2023 air core and RC drilling, which remain open. The current programme is scheduled to include 29 RC drill holes for a total of 4,350m and will cover a large area of approximately 500m by 350m testing for expansion in known mineralisation immediately adjacent to and south of the GEO-01 main zone of RC and diamond core drill defined gold mineralisation
Rizzo target: Broad spaced air core drilling in CY2023 intersected gold +/- copper mineralisation and pathfinder anomalism at the recently defined Rizzo target, located approximately 370m southwest from the GEO-01 discovery. Air core drill hole 23MYA0153 returned 12m at 1.0 g/t gold and 0.12% copper from 8m downhole, with mineralisation present under shallow cover of just 3m (refer ASX announcement dated 8 March 2024). Phase 1 CY2024 drilling at Rizzo is scheduled to include three RC drill holes for 370m and will test approximately 120m of potential mineralisation strike. T12 target: Very broad spaced air core drilling in CY2023 intersected gold mineralisation across a large area at the T12 target, located 10km northwest of the Minyari deposit. Multiple, shallow, 4m air core intersections were returned grading between 0.08 to 0.13 g/t gold +/- copper-bismuth pathfinder anomalism covering a large area >1km along strike by up to 400m across strike (refer to ASX announcement dated 8 March 2024). Mineralisation at T12 is present under very shallow cover ranging from between 1m and 3m. Phase 1 CY2024 drilling at T12 is scheduled to include four RC drill holes for 600m. Drilling during CY2021 intersected thick, high-grade gold plus copper mineralisation which remains open in several directions. Significant near-surface, high-grade gold mineralisation returned at GP01 during CY2021 drilling (refer ASX announcement 19 October 2021) included notable intersections: 27m at 1.3 g/t gold and 0.11% copper from 131m down hole in 21MYC0245, including:/ - 7m at 3.9 g/t gold from 133m Phase 1 CY2024 drilling at GP01 is scheduled to include six RC drill holes for a total of 900m designed to test an interpreted east-northeast (ENE) structural corridor along the southern boundary of GP01, with the planned drill direction optimised to test for potential mineralised ENE structures similar to those which control the high-grade gold mineralisation at GEO-01. Minyari Mineral Resource extension target: A potential extension to the Minyari Deposit exists along a southeastern corridor spanning approximately 150m along strike and 125m across strike. Phase 1 CY2024 drilling is scheduled to test this southeastern extension with seven RC drill holes for 690m.
Contact:
Roger Mason
Tel: +61 (0)8 9481 1103
About Antipa Minerals: Antipa Minerals Ltd (ASX: AZY) (Antipa or the Company) is a leading mineral exploration company with a strong track record of success in discovering world-class gold-copper deposits in the highly prospective Paterson Province of Western Australia. The Company's exploration and advancement programmes remain focused on identifying and unlocking the full potential of the region, which offers significant opportunities for profitable mining operations. The Company's tenement granted holding covers over 5,100km2 in a region that is home to Newmont's world-class Telfer mine and some of the world's more recent large gold-copper discoveries including Rio Tinto's Winu and Newmont-Greatland Gold's Havieron. Exploration success has led to the discovery of several major mineral deposits on Antipa's ground, including the wholly owned, flagship 900km2 Minyari Dome Gold-Copper Project. Minyari Dome currently hosts a 1.8 Moz gold resource (at 1.6 g/t) which was the subject of a Scoping Study (August 2022) indicating the potential for a sizeable initial development with further substantial upside. Antipa is pursuing an aggressive drilling programme this year, targeting substantial and rapid growth to the existing goldcopper resources at Minyari Dome, delivering strong further value enhancement to the existing development opportunity, and making new significant gold-copper discoveries.
Forward-Looking Statements: This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Antipa Mineral Ltd's planned exploration programme and other statements that are not historical facts. When used in this document, the words such as 'could,' 'plan,' 'estimate,' 'expect,' 'intend,' 'may,' 'potential,' 'should,' and similar expressions are forward-looking statements. Although Antipa Minerals Ltd believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements
Competent Persons Statement - Exploration Results: The information in this document that relates to Exploration Results is based on and fairly represents information and supporting documentation compiled by Mr Roger Mason, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Mason is a full-time employee of the Company. Mr Mason is the Managing Director of Antipa Minerals Limited, is a substantial shareholder of the Company and is an option holder of the Company. Mr Mason has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements, all of which are available to view on www.antipaminerals.com.au and www.asx.com.au. Mr Mason, whose details are set out above, was the Competent Person in respect of the Exploration Results in these original market announcements.
ANTIPA MINERALS LIMITED 
