There is an avalanche of results due soon .... this is just the start. The results are certainly significant if, as the geologists believe, they help identify a very large regional deposit. The grades are better than Winu and Rio are already planning to develop Winu.
A significant part of this significant announcement is the plan (bolding is mine):
"Citadel 2021 Exploration Programme
The Citadel 2021 Exploration Programme consists of the following:
Calibre Deposit update to existing Calibre Mineral Resource of 47.7Mt at 0.9 g/t gold and 0.15% copper for 1.3 Moz gold and 69.5kt tonnes of copper;
Preliminary metallurgical test‐work and possible early stage project development options appraisal work in relation to the Calibre deposit;
An 11,000m to 14,000m drill programme focused on the Magnum Dome area, hosting the Calibre, Magnum and Corker deposits, and Rimfire area together with other select regional targets, including Boxer, with the drill programme scheduled to commence in March;
Continuation of Gradient Array Induced Polarisation (GAIP) survey programme across prospective structural corridors of Citadel tenements; and
Processing and interpretation of GAIP and drill hole data to identify further priority target areas.
The Citadel 2021 Exploration Programme, which was outlined in an ASX announcement on 21 December 2020, is operated and funded by Rio Tinto with a budgeted cost of $13.8m. Antipa’s overall Paterson Province strategy is to deliver both greenfield discoveries and increase brownfield gold and/or copper resources with the ultimate aim of generating a short to medium term production opportunity. Exploration activities within the Citadel Joint Venture Project are complementary to this strategy."
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- Ann: Significant Gold-Copper Intersections at Rimfire
Ann: Significant Gold-Copper Intersections at Rimfire, page-3
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