News: Antipa Minerals identifies new copper-gold-silver targets at Calibre

Antipa Minerals (ASX:AZY) has made advancements in the understanding of the mineralisation controls at its Calibre deposit at the Citadel project in Western Australia.

Antipa has identified Telfer high grade reef style mineralisation and new high grade targets, exploration going forward to focus on the higher grade copper-gold zones.

The company has completed a detailed technical review of the Calibre gold-copper-silver-tungsten deposit resulting in the identification of dominant controls on the higher grade mineralisation.

This highlighted target areas and exploration strategies for discovering higher grade gold and copper mineralisation.

The Calibre deposit is predominantly hosted by meta-sediments interpreted to be the same formation to that which hosts the giant Telfer gold-copper-silver deposit, and the Calibre mineralisation bears a number of similarities to Telfer.

The geological and structural interpretation has identified a number of Reef style mineralisation horizons which are most strongly mineralised in regions of folding and in some instances proximal to major reverse faults, including the main Calibre Fault Zone.

Citadel covers 1,595 square kilometres of granted exploration licences in the Proterozoic Paterson Province, located within 100 kilometres from Newcrest Mining's (ASX:NCM) Telfer gold-copper-silver mine.

Citadel includes the gold-copper-silver-tungsten Magnum and Calibre deposits and the high grade polymetallic Corker deposit.

Antipa's North Telfer Project covers additional 1,317 square kilometres within 25 kilometres of the Telfer mine, and its Paterson project covers another 3,367 square kilometres located as close as 2.5 kilometres from Telfer.

The company is planning a diamond and Reverse circulation drilling program in conjunction with geophysical surveys to further evaluate the Calibre deposit with the aim of advancing the project toward a Scoping Study.

Antipa is lightly valued at under $3 million.