Antipa Minerals has recently expanded the resource base, updated the scoping study, and identified three new near-surface high-grade gold mineralization zones at its Minyari Dome project in Western Australia.
Reverse circulation drilling in the GEO-01 prospect area, located south of the project, has delineated three new discoveries: Fiama, Minyari South, and Minyari Southeast. Half of the 72 drill holes intersected significant mineralization, with results from 23 holes announced on Monday.
The specific mineralization details are as follows:
At the Minyari South deposit, mineralization was intersected at a depth of 65 meters over 17 meters, with a gold grade of 6.8 g/mt and copper at 0.5%, including a 4-meter interval with 1% copper and 12.2 g/mt gold.
At the Fiama deposit, mineralization was intersected at a depth of 113 meters over 16 meters, with a gold grade of 3.8 g/mt and copper at 0.09%, including a 2-meter interval with a gold grade of 25.4 g/mt and copper at 0.21%.
At the Minyari Southeast deposit, drilling intersected 10 meters of mineralization with a gold grade of 3 g/mt, including a 2-meter interval with a gold grade of 13.2 g/mt.
The company considers the GEO-01 South prospect, now renamed Diama, to be "particularly significant."
Drilling at the GEO-01 North prospect intersected 1 meter of low-grade mineralization, with 0.61 g/mt gold, 0.1% copper, and 0.17% zinc. Although less exciting than other new targets, Antipa Minerals still regards the nine samples from GEO-01 North as important for assessing the area's potential.
The Minyari deposit currently has resources of 2.3 million ounces of gold, 84,000 mt of copper, 661,000 ounces of silver, and 13,000 mt of cobalt.
According to the latest resource update in September, 70% of the resources are classified as inferred.
GEO-01 is located approximately 1.3 kilometers from the Minyari deposit.
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