Posted in: commodities-and-mining
RE: Artemis Resources ltd (ARV)28 Oct 2020 10:12
Sorry for O/T but for those who also follow Antipa they announced last night COMMENCEMENT OF DRILL PROGRAMME AT
ANTIPA – IGO PATERSON FARM-IN PROJECT.
https://hotcopper.com.au/threads/ann-drilling-commences-at-antipa-igo-paterson-project.5716370/#post-48462826
Full details in link above.
Highlights
? Drilling commences at the Antipa – IGO Paterson Farm-in Project
? Drill programme focussed on further Paterson Province greenfield discoveries along
gold-copper-silver mineral trends identified by Antipa in 2019
? Programme to comprise two phases of air core drilling totalling approximately 9,000
metres:
? Phase 1 consisting of 3,825 metres recently commenced; and
? Phase 2 consisting of 5,160 metres planned for completion in early 2021
? Drill programme part of the $30 million exploration farm-in fully funded by IGO over
Antipa’s currently 100%-owned 1,563km2 Paterson Project
? Antipa has farm-in agreements/joint ventures in the Paterson Province with three
large mining companies (Rio Tinto, Newcrest and IGO) with potential cumulative
exploration spend of $150 million
Overview
Antipa Minerals Limited (ASX: AZY) (Antipa or the Company) is pleased to announce the
commencement of an air core drill programme at the Paterson Farm-in Project as part of the
2020 Exploration Programme in Western Australia’s highly prospective Paterson Province
(Figures 1 and 2).
The Paterson Project Exploration Programme, which was outlined in an ASX announcement on
9 July 2020, is fully funded by IGO Limited (IGO) and operated by Antipa with a budgeted
minimum exploration programme cost of $4 million within 2.5 years, as part of a A$30 million
farm-in agreement with IGO (Farm-in) in respect of 1,563km2 of tenements. The Project is
located within 22km of Newcrest Mining’s Telfer Gold–Copper-Silver Mine and 8km of Rio
Tinto’s Winu copper-gold-silver development project.
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 Paterson Farm-in
Project are complementary to this strategy.
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