Antipa Minerals Ltd (ASX: $AZY) announces significant increase in gold mineralisation

Antipa Minerals Ltd (ASX: $AZY) has reported a substantial increase in gold mineralisation at its 100%-owned Minyari Dome Gold-Copper Project in the Paterson Province of Western Australia. The company's CY2024 Phase 1 drilling has doubled the strike extent of the main zone of gold mineralisation to 500m along strike and up to 190m across strike, with significant intersections including 26m at 0.7 g/t gold and 17m at 0.5 g/t gold.

Executive commentary on Phase 1 drilling results

Antipa's Managing Director, Roger Mason, highlighted the significance of the Phase 1 drilling results, stating, 'This year's Phase 1 drilling at GEO-1 has been designed to deliver on what we believe to be a significant maiden resource opportunity. Today's results have further emphasised this by adding significantly to the known zones of near-surface gold mineralisation and doubling the strike extent of the main zone of gold mineralisation.' He also mentioned the decision to expand the drilling program to 87 holes for 12,750m due to the positive outcomes from the assay results received to date.

Summary of Phase 1 drilling and outlook

The CY2024 Phase 1 drilling at Minyari Dome has successfully expanded the main zone of gold mineralisation, presenting a significant potential maiden resource opportunity. The company's aggressive drilling program this year aims to target substantial and rapid growth to the existing gold-copper resources at Minyari Dome, delivering strong further value enhancement to the existing development opportunity, and making new significant gold-copper discoveries. Antipa Minerals remains focused on identifying and unlocking the full potential of the region, which offers significant opportunities for profitable mining operations. The next round of laboratory assay results is expected to be returned in the coming weeks, providing further insights into the project's outlook.