Antipa Minerals Ltd Advances Exploration Campaign on Paterson Area Gold and Copper Projects
Several gold and copper projects in the Paterson region of WA are expected to be drilled this month as part of Antipa’s full exploration campaign in 2021.
Antipa Minerals Ltd (ASX: AZY) has major ongoing drilling programs on its four projects in the prolific Paterson Province of Western Australia.
Up to 62,000 meters of diamond core drilling, reverse circulation drilling and air drilling are planned on the Minyari Dome, Citadel, Wilki and Paterson projects during this year.
Nine rigs are active in Antipa’s base and precious metals asset portfolio, while other geophysical and geochemical surveys are also progressing.
Ultimately, Paterson’s east-focused explorer aims to both make new discoveries and increase brownfield gold and / or copper resources.
It is hoped that this strategy will help Antipa generate short to medium term production opportunities in potential gold and copper deposits.
Minyari dome project
On its 100% -owned Minyari Dome multi-product asset, Antipa intends to complete 21,000 meters of diamond core drilling and reverse circulation (RC) drilling.
The Minyari area holds promise for gold, copper, silver and cobalt, with a combined mineral resource already established on the 144 square kilometer project.
Three rigs – two diamonds and one RC – are carrying out on-site exploration work, with the first tests expected next month.
To facilitate the continuation of the exploration, a detailed magnetic survey by drone was carried out, while the data processing is in progress.
Meanwhile, Antipa has made plans for a Gradient Lattice Induced Polarization (GAIP) survey, which is expected to begin next month. The company has also started the first phase of a soil sampling program to get a better idea of the makeup of Minyari.
Overall, Antipa’s 2021 exploration campaign mainly focused on the Minyari and WACA deposits, specifically targeting the resource definition and extension components.
Antipa landholding in the province of Paterson, WA.
Citadel joint venture
Work is also underway on the Antipa Citadel project, where the company aims to perform up to 23,000 meters of RC and diamond drilling.
Currently, the explorer is exploring the area with the Rio Tinto Limited (ASX: RIO) () mining monolith (OTCMKTS: RTNTF) (FRA: CRA1) as part of a joint venture agreement.
Although the project is managed by Rio, Antipa has a 35% contributory interest in the gold and copper area.
To advance exploration in the 1,300 square kilometer area, two diamond rigs and two RC rigs are currently in operation, with the first testing of the program expected in July.
In addition, caliber metallurgical test work, GAIP investigation and other early stage project development assessment activities are underway.
Managed and 100% owned by Antipa, the Wilki project is being explored under an affermage agreement with Newcrest Mining () (TSE: NCM) (FRA: NMA) (OTCMKTS: NCMGF).
The deal was reached in February last year, stipulating that Newcrest must spend $ 60 million on exploration over the next eight years to acquire a 75% stake in the gold and copper area.
As part of the 2,200 square kilometer project tenure, Antipa has scheduled up to 5,000 meters of RC drilling on a series of entirely new targets.
Exploration began after a rig began drilling at Wilki on Saturday June 12.
In addition, the ASX-lister has established plans to test targets for expanding gold and copper resources at the Chicken Ranch and Tim’s Dome deposits.
Finally, on its 100% owned and managed Paterson project, Antipa has launched a core drilling campaign.
Overall, exploration in 2021 will focus on the project’s analog targets Winu, Havieron, Telfer and Nifty.
Up to 13,000 meters of exploration by drilling will take place on the project in 2021, a drilling platform having already started work last Monday.
In addition to the core drilling work, Antipa could begin a diamond core drilling campaign at the end of the first quarter of FY22. The company also has a GAIP soil sampling and surveying program scheduled for Paterson, which is expected to begin later this month.
The Paterson asset, covering 1,550 square kilometers, is held under an affermage agreement with IGO Ltd (), which can earn a 70% stake in the project by spending $ 30 million and bearing for free the asset until the completion of a feasibility study.