Proactive Investors - Run By Investors For Investors

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.

View full AZY profile View Profile

Antipa Minerals Ltd Timeline

October 24 2016

Related Articles

Drilling equipment on a Yandal site last year in 2018
January 10 2019
The ASX newcomer is backed by Northern Star Resources which holds a 15% stake.
March 07 2019
The manganese focused company’s $5 million capital raising will close on March 22.
Cerro Dorado project
May 01 2019
Fidelity Minerals is a Peru-focused junior resources company and an early mover that is well-positioned to become a key player in the region

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use