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Antipa Minerals Ltd.

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Summary

Project:

Paterson

Deposit:Serrano, Gonzo
Location:Australia
Commodities:Gold-Copper-Silver-Zinc-Lead-Tungsten-Bismuth-Arsenic
Date:12/23/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:23-12-2019: Antipa Minerals Ltd. announces an Exploration/Drilling Update report for its Serrano, Gonzo deposit at the Paterson project. Drilling results incl. 2.0m @ 0.16ppm Au, 2210ppm Cu, 0.48ppm Ag, 98ppm Zn, 3ppm Pb, 13ppm W from 118.0m. Antipa Miner
Resources:
CP/QP:[Overall Report]: Roger Mason (Internal)
ABSTRACT:Antipa Minerals Limited (ASX: AZY) (Antipa or the Company) is pleased to provide an update in relation to its ongoing exploration programme on its 100% owned ground in the Paterson Province of Western Australia (Figure 1). The Phase 2 programme returned encouraging drill results as reported by the Company on the 18th of October and 22nd November. Results have now been received for the final three RC drill holes of this programme. Serrano RC hole 19EPC0033 intersected weak gold and copper mineralisation to the east of the previously reported mineralisation corridor. At target AEM4 (i.e. Gonzo) two RC holes, 19MYC0190 and 19MYC00191, were unable to reach target depth due to difficult drilling conditions and returned weak copper and gold mineralisation. The results are summarised below in Tables 3a‐3b and Figures 8 and 9. Drill hole details are provided in Table 4. As reported on the 22nd November, several targets could not be accessed due to equipment limitations in traversing multiple steep dune crossings; these included AEM and co‐incident magnetic target AEM40 (located 9km north of Rio Tinto’s large scale copper‐gold‐silver Winu deposit), planned follow‐up RC drilling at targets AEM 13, AEM21, AEM 24 and AEM25, and drill testing of four magnetic targets. Drilling of these targets, including Gonzo, is expected to be carried out in the first half of 2020.

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