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Antipa Minerals Ltd.
Summary
| Project: | Citadel | |
|---|---|---|
| Deposit: | Calibre | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Tungsten | |
| Date: | 11/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-11-2017: Antipa Minerals Ltd. announces a Resource Estimation report for its Calibre deposit at the Citadel project. Mineral Resource update for Calibre deposit. Antipa Minerals Ltd (“Antipa”) (ASX: AZY) is pleased to announce a Mineral Resource update | |
| Resources: | (Resource, Inf.): 47.7Mt @ 0.85g/t Au, 0.15% Cu, 0.48g/t Ag, 217ppm W at Calibre | |
| CP/QP: | [Resources]: John Garaindorge (Snowden Mining Industry Consultants Pty Ltd.) | |
| ABSTRACT: | Antipa Minerals Ltd (“Antipa”) (ASX: AZY) is pleased to announce a Mineral Resource update for the Citadel Project’s Calibre deposit. The update incorporates the results of further drilling since the previous Mineral Resource estimate for the deposit released in February 2015. The 2017 exploration programme is fully funded by Rio Tinto Exploration Pty Limited (“Rio Tinto”), a wholly owned subsidiary of Rio Tinto Limited. The funding is part of the second stage of the $60 million Citadel Project farm-in agreement between Rio Tinto and Antipa Resources Pty Ltd, a wholly owned subsidiary of Antipa (“Antipa Resources”). During this stage Rio Tinto has elected to fund $8 million of expenditure (subject to certain withdrawal rights) to earn an initial 51% interest in the Citadel Project. The Citadel Project is 80km north of Newcrest’s world-class Telfer gold-copper-silver mine in the Paterson Province of Western Australia. Calibre Deposit - Mineral Resource The Calibre gold-copper-silver-tungsten deposit is located approximately 100km north of Newcrest’s Telfer gold-copper-silver mine in Western Australia’s Paterson Province (Figure 6). The Calibre mineralisation bears a number of similarities to the mineralisation of the worldclass Telfer deposit. In particular, variations in the hardness of rock units at Calibre, when combined with other structures, give rise to similar styles of mineralisation as that seen at Telfer. | |
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