Ann: Antipa provides Further Update on 2019 Exploration Programme, page-12

The best and only examples of the recent drilling that can be made sense of, are the results from Turkey Farm which is close by to the Chicken Ranch mineralization.


As you can see from this diagram in the announcement, the recent 2019 drill holes have a black circle around the outside and as you can see from the map - there was only one drill hole that got a sample with greater than 1.0 ppm Au and one other hole with a 0.5-1.0 ppm Au sample in it (not sure if they are 1m or maybe 3m composite samples in that aircore).

Whatever the case you can see the nice zone of purple dots with gold grades better than 1ppm Au along the axis of the Chicken Ranch mineralization zone all hang together as a reasonably coherent zone of mineralization with the drilling density at Chicken Ranch helping show that.

Based on those results I would call Turkey Farm a bit "underwhelming" and with that amount of drilling its no longer a priority target (which is what the company is saying) unless some new understanding about the mineralization and geology supports testing in a different drill direction, note how dis-organized and amorphous the gold mineralization appears at the northern end of Chicken Ranch is? This could be due to the gold being hosted in some other vein sets or geological setting that the current drill pattern is unable to resolve. Its possible that Turkey Farm could be a similar story.

Whatever the case - big picture story from AZY is that they have many many other targets to test with drilling, so better off testing these new targets rather than getting fixated on low grade stuff like Turkey Farm.