Antipa29 Jun 2018 20:46
Just been having a look at what Antipa have in Paterson since they are the dominant license holder there. They have done a lot of drilling and have resource estimates on their 100% owned projects. Mineral grades look reasonable, particularly Tim's Dome. However, these grades are nothing compared to what we found at Havieron and indeed may find at Black Hills. We may have just hit the jackpot, and Rio will be keeping a very close eye on us. Also, not surprising that Antipa acquired a license right next Black Hills. It looks like Antipa have a very different exploration strategy - drill depths are very shallow on all licenses, at only 50m average. So, they don't know what's underneeth that. As GH said, large deposits are very hard to find. We had a huge advantage in that Newcrest did drill Havieron at reasonable depth in the past, but not quite deep enough it seems.