Antipa Minerals Ltd

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.

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.

Quick facts: Antipa Minerals Ltd

Price: $0.02

Market: ASX
Market Cap: $35.3 m

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