Antipa Minerals Ltd (ASX: AZY) Identifies New Gold Targets
Antipa Minerals Ltd (ASX: AZY) has announced the discovery of a second large surface gold anomaly, the Jezabeel target, within its Wilki Farm-in Project. Located just 4km northeast of the significant Telfer gold-copper-silver mine, the Jezabeel anomaly measures approximately 3km long by 1.3km wide. The peak result from surface geochemical sampling recorded a gold concentration of 0.21 g/t.
Drilling Results from Paterson Project
Additionally, the company provided an update on its Paterson IGO Farm-in Project, where an extensive drilling campaign has confirmed the presence of copper, nickel, and cobalt mineralisation. As part of a 5,196m drilling programme, the initial results from 2,608m of diamond core drilling have yielded promising outcomes, including copper and cobalt intersections at PP-GRAV02.
Next Steps and Future Exploration Programs
The company plans to continue its exploration efforts at both the Wilki and Paterson projects. The upcoming FY2025 exploration programme at Wilki is fully funded by Newmont and encompasses additional surface sampling and drilling plans aimed at furthering the advancement of these mineral targets.
Roger Mason, Managing Director and CEO of Antipa Minerals, stated, “The identification of the Jezabeel anomaly emphasises the potential for significant gold mineralisation in proximity to existing major deposits. We are committed to leveraging this opportunity to enhance shareholder value through our exploration initiatives.”
Antipa Minerals continues to focus on unlocking the potential of its projects located in the Paterson Province, which has a history of significant mineral discoveries.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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