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Antipa Minerals makes broad progress across Citadel JV Project with 2021 drill program results – Proactive Investors UK

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00:08 Mon 30 May 2022
Antipa Minerals welcomes A$1 million investment of European-based commodity fund
Antipa has expanded the Calibre deposit by at least 100 metres in two directions and linked several Magnum prospects into a large, 6-kilometre polymetallic system containing gold, silver, copper and tungsten. The JV partnership will now drill test Rimfire and various other regional targets and conduct a variety of geophysical surveys to create more detailed modelling.
Antipa Minerals Ltd (ASX:AZY) advanced the Citadel Joint Venture (JV) Project (Antipa 35%: Rio Tinto 65%) in the Paterson Province of Western Australia across multiple prospects during its 2021 drilling program, especially at the Calibre deposit which was extended 100 metres to the west and 150 metres to the south.
Notable drill intersections from the final six holes at Calibre included:
Magnum North also revealed notable gold-silver-copper mineralisation during drilling 800 metres to the north of the main resource, including:
In addition to Magnum North, gold-copper-silver-tungsten mineralisation was intersected at Rimfire East, North, and South delineating a large-scale mineral system stretching over an area of up to 6 kilometres.
The JV partnership is planning to undertake an extensive exploration program at Citadel, operated by Rio Tinto. The program will include:
The JV has budgeted $10 million – inclusive of management fees – to complete the 2022 program at Citadel.
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Antipa Minerals Ltd (ASX:AZY)'s Stephen Power speaks with Proactive's Andrew Scott soon after confirming further high grade gold and copper at depth at its Minyari Dome project. He says the results from drilling continue to extend the potential size of the deposit and enhance its development…
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