AZY 10.3% 1.3¢ antipa minerals limited

Ann: Near-Surface High-Grade Gold Discovery at GEO-01 Target, page-17

  1. 1,028 Posts.
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    If the naysayers can't recognise a significant discovery then they should not be invested in small exploration stocks. This is significant and could be the turning point for Antipa. The shallow long intersections are significant and represent mineable grades at these depths. Antipa said "GEO-01 mineralisation remains open in most directions, presenting a significant potential maiden resource opportunity."

    This first pass RC drilling was on a 100m x 100m grid across the 700m x 400m gold anomaly. These are very good results from a very broad drill spacing, you can hide a lot of very large ore bodies in that kind of broad drill spacing. The deposit could extend to the boundary to the south and follow-up will be a bit more targeted at the mineralised zone than a 100m x 100m grid can deliver.

    Very close to the Minyari deposit and I think IGO (the farm-in ground from AZY) will be looking at drilling in the zone along strike just on the south side of the tenement boundary.

    Bring on a maiden resource at GEO-01 and Minyari gets better and better.

    Antipa are getting more excited about Tetris and Pacman, any decent sniffs in the very limited drilling being planned and things get very exciting. That is what we invest in exploration stocks for, new discoveries and re-rating.

    GEO-01 results include:
    24m at 1.3 g/t gold from 16m down hole in 23MYC0383, including:
    − 4m at 6.7 g/t gold from 28m
    68m at 1.4 g/t gold from 68m down hole to within 2m of end-of-hole (EoH) in
    23MYC0383, including:
    − 36m at 2.6 g/t gold from 72m
    48m at 1.3 g/t gold and 0.05% copper from 132m down hole to EoH in 23MYC0384,
    including:
    − 28m at 2.2 g/t gold and 0.05% copper from 132m


    DYOR. Not investment advice.
    Last edited by GeoFiji: 02/08/23
 
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