AZY 9.09% 1.2¢ antipa minerals limited

AZY Chart, page-134

  1. 6,674 Posts.
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    I guess it's hard to miss the spike in early 2013. This was due to a Media Release on the 4th February 2013 that read as follows:

    Calibre Deposit Major Gold-Copper Discovery
    Australian precious and base metal exploration company Antipa Minerals Limited (ASX:AZY) (“Antipa” or the “Company”) is pleased to announce assay results and findings from its Calibre prospect, at its Citadel Project located in the world-class Proterozoic Paterson Province. Highlights:
    • Assay results confirm Antipa’s Calibre discovery to be a major new gold-copper deposit in the world-class Paterson Province.
    • Mineralisation expected to improve across target zone. Gold grade increased 2.4 times and copper grade increased 3.0 times between first drillhole and second drillhole.
    • Just two drillholes completed which have tested only the edge of a magnetic anomaly 800 metres long by 600 metres wide by 350 metres thick.
    • 347 metres of essentially unbroken mineralisation from 84m to end of drillhole 12AMD0032.
    • Drilling terminated in mineralisation and mineralisation remains open at depth and in all directions.

    The SP is rising in anticipation of announcements from any of the three following projects:

    1. The Citadel Project.
    On the 24th March Antipa announced the commencement of an extensive Induced Polarisation (IP) electrical geophysical survey at the Citadel Project, which is fully funded by Rio Tinto pursuant to the Citadel Project Farm-in Agreement. The IP survey is estimated to take up to six weeks and will cover up to 16 target areas within a 400km2 region of the Citadel Project. The IP survey will be completed by geophysical contractor Zonge Engineering and Research Organisation. Further details of Phase 2 will be announced at the conclusion of Phase 1 which is expected in May 2016.

    2. The Minyari Project.
    At the Minyari deposit high grade primary gold and copper mineralisation remains open in all directions and has only been tested by very limited deeper drilling, with just five Minyari deposit drillholes penetrating more than 140m below the surface, testing only 165m of strike length below this depth. During 2016 exploration within the southern regions of the Company’s Paterson Province portfolio will focus on the North Telfer Project and specifically will concentrate on the Minyari deposit and associated highly endowed Minyari Dome region. The Company’s focus is to fast-track the appraisal of its Minyari asset with the objective of becoming a gold-copper producer in a relatively short timeframe. The Company is currently working up an exploration programme for the area which will be announced on its finalisation.

    3. The WACA Project.
    The WACA prospect is located approximately 650m southwest of the Minyari deposit and consists of a drill defined 430m strike length trend of variable +1 g/t gold intersections of a mineralisation style typical of the Minyari (and Telfer) Dome. The WACA oxide and primary mineralisation is poorly drill evaluated and remains open in several directions as tested by only very limited drilling. There is just one drillhole at WACA which penetrates more than 100m below the surface (diamond drillhole MHC20002), which intersected significant high grade primary gold ± copper mineralization.

    Positive announcements from any of these three projects could see a re-rating of AZY's SP.
 
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