Antipa Minerals Unveils Second Gold Target Near Telfer Mine
ANTIPA MINERALS LIMITED (AZY) Share Update December 2024 Friday 13th
Antipa Minerals Identifies New Gold Target Near Telfer
Antipa Minerals Ltd (ASX: AZY) has announced the identification of a second significant surface geochemical gold anomaly within its Wilki Farm-in Project, located just 4 kilometers northeast of the renowned Telfer gold-copper-silver mine.
Instant Summary:
- New 3km by 1.3km gold target identified near Telfer mine.
- Peak surface geochemical sample lag result of 0.21 g/t gold.
- Copper, nickel, and cobalt mineralization confirmed in Paterson Project.
Exploration Success at Wilki Farm-in Project
Antipa Minerals Ltd has made a significant discovery with the identification of the Jezabeel anomaly, a large surface geochemical gold target within its Wilki Farm-in Project. This anomaly is strategically located just 4 kilometers northeast of the Telfer mine, known for its vast gold-copper-silver deposits.
The Jezabeel anomaly spans an impressive 3 kilometers in length and up to 1.3 kilometers in width. Surface geochemical sampling revealed a peak lag result of 0.21 grams per tonne (g/t) of gold, highlighting the potential for substantial mineralization. Historical drilling in the area has also shown intersections of up to 4 meters at 0.13 g/t gold, further supporting the site's potential.
Paterson Project Developments
In addition to the Wilki Project, Antipa's Paterson IGO Farm-in Project has returned promising results from its 2024 drilling program. The initial 2,608 meters of drilling confirmed the presence of copper, nickel, and cobalt mineralization, with highlights including up to 0.66% copper and 0.07% cobalt.
The Paterson Project's exploration is fully funded and operated by IGO, with a focus on uncovering new mineral resources in this highly prospective region. The project remains a key component of Antipa's strategic exploration efforts, aiming to build on the success of previous discoveries in the Paterson Province.
The discovery of the Jezabeel anomaly is a positive development for Antipa Minerals, potentially increasing the company's resource base and enhancing its exploration portfolio. The proximity to the Telfer mine adds strategic value, given the area's established mining infrastructure. This announcement could positively influence Antipa's stock price as investors respond to the potential for new gold discoveries.
Investor Reaction:
Analysts are likely to view the discovery as a promising development, given the strategic location and size of the Jezabeel anomaly. The confirmation of mineralization in the Paterson Project further strengthens Antipa's exploration prospects, potentially attracting increased investor interest.
Conclusion:
Investors should keep a close eye on Antipa Minerals' ongoing exploration activities and the potential for further discoveries. The company's strategic partnerships and fully funded projects position it well for continued success in the Paterson Province.