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Antipa Minerals Ltd.

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Summary

Project:

North Telfer

Deposit:Minyari
Location:Australia
Commodities:Gold-Copper
Date:9/29/2016
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:29-9-2016: Antipa Minerals Ltd. announces an Exploration/Drilling Update report for its Minyari deposit at the North Telfer project. Drilling results incl. 69m @ 4.07g/t Au, 0.07% Cu from 92m. Australian precious and base metal exploration company Antipa
Resources:x
CP/QP:[Overall Report]: Roger Mason (Internal)
ABSTRACT:Australian precious and base metal exploration company Antipa Minerals Limited (ASX:AZY) is pleased to announce results and findings from recent exploration activities at its Minyari prospect, forming part of the North Telfer Project located in the world-class Proterozoic Paterson Province. The objectives of the Phase 1 drilling programme as previously announced were satisfied with: Significant high-grade gold ± copper mineralisation intersected at the Minyari deposit along a 300m strike length; high-grade gold ± copper mineralisation at Minyari intersected from near surface to a vertical depth of 260m with historical drilling intersecting high-grade gold-copper-silver mineralisation to > 580m vertically below the surface; and successful investigation across approximately 1,000m of strike with reconnaissance RC drillholes at Induced Polarisation (IP) anomalies approximately 300m south (i.e. 16MYC0036) and 250m north (i.e. 16MYC0030) of the main Minyari deposit region showing encouraging indications for significant gold-copper mineralisation (Figures 1 to 12). The results provide good opportunities for deposit extensions and additional discoveries: Analysis of the existing Minyari deposit drilling has identified gold-copper mineralisation targets in undrilled areas between 150 to +580 vertical metres below the surface at Minyari (i.e. mineralisation extensions both down dip and also down plunge); the thick and very high grade gold mineralisation intersected by 16MYC0045 (i.e. 69.0m at 4.07 g/t gold (uncut) and 0.07% copper from 92.0m down-hole) appears to be have some similarities to the high-grade Oakover Vein geometry at the Telfer deposit and requires further investigation; and the encouraging reconnaissance IP anomaly drillholes provide evidence for further possible regions of gold-copper mineralisation in the 3.5 to 4.0km corridor from south of Minyari and north to the Jude’s prospect.

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