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Antipa Minerals intersects high-grade gold at Chicken Ranch in WA

The prospect, part of the Paterson Project, is 15 kilometres northeast of Newcrest’s Telfer Gold Mine.
Antipa Minerals intersects high-grade gold at Chicken Ranch in WA
The Paterson Project is 400 kilometres east of Port Hedland

Antipa Minerals Ltd (ASX:AXY) has identified high-grade gold mineralisation during aircore drilling at the Chicken Ranch prospect within its Paterson Project in northern Western Australia.

The 195-hole, 10,105-metre drilling program aimed to identify new mineralisation in proximity to the historic drill-defined high-grade gold mineralisation, including parallel trends.

Assays from a further 60 drill holes are pending, as well as results from a 16-hole reverse circulation (RC) drilling program that focused on Chicken Ranch’s immediate resource opportunity.

READ: Antipa Minerals identifies multiple gold and copper targets near Telfer mine in WA

Highlighted results from Chicken Ranch include: 12 metres at 7.21 g/t gold from 28 metres, including 6 metres at 13.66 g/t from 28 metres; 10 metres at 3.57 g/t from 45 metres, including 2 metres at 7.85 g/t from 48 metres; and 3 metres at 5.26 g/t from 48 metres, including 1 metre at 14.12 g/t from 48 metres.

These results, together with historic drill intersections, confirm the high-grade gold potential of the area, which is 25 kilometres south of the company’s existing Minyari Dome mineral resources.

Historic intersections include: 16 metres at 6.6 g/t from 65 metres, including 5 metres at 18.9 g/t; and 22 metres at 4.3 g/t from 23 metres, including 4 metres at 18.3 g/t and 6 metres at 3.9 g/t.

READ: Antipa Minerals confirms potential cobalt products from North Telfer processing

Antipa has also identified through field mapping a new zone of mineralisation in the southwest of Chicken Ranch, with 22 rock chip samples confirming the potential new zone.

Of the samples, 11 returned results greater than 1 g/t gold and maximum grades of 23.1 g/t, 0.11% copper and 0.16% cobalt.

Ongoing exploration activities in the Chicken Ranch area for the remainder of the year include:

  • Possible follow up drill testing;

  • 3D geological modelling and mineral resource estimation; and

  • Turkey Farm prospect drill planning, including a heritage survey.

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Antipa Minerals Ltd Timeline

Newswire
October 24 2016

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