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Antipa Minerals Ltd.

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Summary

Project:

North Telfer

Deposit:Minyari Dome, Waca
Location:Australia
Commodities:Gold-Copper
Date:2/9/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:9-2-2017: Antipa Minerals Ltd. announces an Exploration/Drilling Update report for its Minyari Dome, Waca deposit at the North Telfer project. Drilling results incl. 92.85m @ 1.17g/t Au, 0.10% Cu from 281.0m. All results for the 2016 Minyari Dome Phase 2
Resources:x
CP/QP:[Overall Report]: Roger Mason (Internal)
ABSTRACT:All results for the 2016 Minyari Dome Phase 2 drilling programme have now been received. The Company is still interpreting these results but can report that solid progress has been made towards its objective of identifying a near term production opportunity. The Minyari Dome Phase 2 drill results are detailed by Tables 1 to 3 and Figures 1 to 8. The Company has now commenced preparation of a further exploration programme with the objective of reaching a sufficient stage of certainty to commence a Scoping Study. As part of this, independent metallurgical test-work has commenced and the Company is moving towards the preparation of an Exploration Target for public release prior to the commencement of the next exploration programme. The Company’s 2016 drill results confirm the continuity of significant zones of gold-copper mineralisation extending beneath the near surface high-grade mineralisation, highlighting a significant Minyari deposit resource opportunity. In the western domain of the Minyari deposit there are only 9 drill holes testing the entire region deeper than 170m below the surface along the entire +300m strike length of the deposit; 6 of these drill holes generated highly significant gold mineralisation intercepts (e.g. Figure 1). Additionally, there remains the potential for further high-grade “reef style” gold mineralisation to be located beneath the eastern mineralisation domain.

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