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Antipa Minerals Ltd.
Summary
| Project: | Citadel | |
|---|---|---|
| Deposit: | Citadel | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Tungsten | |
| Date: | 12/11/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-12-2018: Antipa Minerals Ltd. announces an Exploration/Drilling Update report for its Citadel deposit at the Citadel project. Drilling results incl. 1m @ 1950ppm Cu, 0.045ppm Au, 1.39ppm Ag 660ppm W from 64.0m. Antipa Minerals Ltd (ASX: AZY) (‘Antipa’ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Roger Mason (Internal) | |
| ABSTRACT: | Antipa Minerals Ltd (ASX: AZY) (‘Antipa’, ‘the Company’) is pleased to provide an update for the 2018 exploration activities completed at the Citadel Project (the ‘Project’) as part of the $60M staged farm‐in by Rio Tinto Exploration Pty Limited (‘Rio Tinto’), a wholly owned subsidiary of Rio Tinto Limited. The Citadel Project is located in the prospective Paterson Province, 80km north of Newcrest’s Telfer gold‐copper‐silver mine in northern Western Australia (Figure 1). Under the existing terms of the farm‐in agreement, Rio Tinto continues to operate the Citadel Project. Antipa’s Paterson Province dual exploration strategy strives to deliver both greenfield discoveries and increase brownfield gold and/or copper resources during 2019, exploration activities within the Citadel Project are complementary to this strategy. DRILLING PROGRAMME Rio Tinto completed a reverse circulation (“RC”) drill programme consisting of 12 holes for 2,052m testing three copper‐gold targets, key results are summarised below. Refer to Figure 1 for a plan summarising target and drill hole locations and Table 1 and Table 2 for drill hole assay results and collar details. GT1 Target The GT1 target is located 15km northwest of Folly in a favourable geological and structural setting within the El Paso Corridor (Figure 1). The target is supported by overlapping magnetic and historic GEOTEM electromagnetic conductivity anomalies. Just three, approximately vertical, RC holes were completed at GT1 (total 378m at an average depth of 126m), intersecting several zones of strongly anomalous mineralisation across maximum downhole intervals up to 38m, with maximum 1m grades for copper of 1,950 ppm, tungsten 6,690 ppm (0.7%), silver 1.39 g/t, gold 0.06 g/t, zinc 377 ppm and cobalt 172 ppm. Depth of cover ranges | |
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