Antipa Minerals Limited (ASX: AZY) (Antipa or the Company) is pleased to provide an update on the Paterson Farm in Project and Wilki Farm in Project exploration programmes where IGO Limited (IGO) and Newcrest Operations Limited (Newcrest) respectively are fully funding ongoing exploration activities
Commenting on the 2021 results and 2022 exploration programmes, Antipa Managing Director, Roger Mason, said: 'The Paterson Farm in Project's exciting new soil and air core targets are located within the highly prospective El Paso Structural Corridor, which extends from Havieron in the southeast, past Winu in the northwest. Several of these new targets are adjacent to the northern border of our 100% owned Minyari Dome Project. Our tenure has just enough shallow cover to conceal, but also detect (via geophysics and soil sampling), potential world class gold copper deposits. The project scale, systematic exploration approach by the Paterson Farm in Project partners is designed to target any potential giants lurking under this shallow cover. Last year's exploration results, whilst early stage, provided great encouragement, defining a number of early stage but high priority exploration targets that have the potential to deliver a major greenfield discovery. The 2022 exploration programme is considered pivotal in our quest for another major greenfield discovery'
Paterson IGO Farm-in Project Exploration Programme Summary The Paterson Farm in 2021 activities formed part of an ongoing regional exploration programme with an emphasis on greenfield discovery of Nifty, Winu, Telfer and Havieron analogue targets. The two major components of the 2021 exploration programme were a regional / project scale air core drill programme and a soil geochemicalsampling programme. Results provide significant encouragement with a number of high priority exploration targets requiring to be tested in 2022.
Air Core Drill Programme Targets
Three highly encouraging gold, gold copper and pathfinder anomalies were identified during the 2021 regional / project scale stratigraphic and geochemical air core drill programme, which covered an area of approximately 350km2 (168 holes for 11,346m). The most advanced of these targets is the newly named Ricochet target, where air core drill hole 21PTA0221 returned 21m at 0.13 g/t gold and 2.6 g/t silver from 55m, including 1m at 0.43 g/t gold and 1.0 g/t silver from 57m, along with anomalous pathfinders (including As, Bi and Te) from meta sediment hosted gossanous (exsulphide) quartz veining coincident with the southern end of a 1.5km long magnetic anomaly. Approximately 500m of the Ricochet magnetic anomaly is on the Paterson Farm in Project, with the remaining 1km and stronger bulls eye portion of the anomaly, bearing similarities to the Havieron magnetic signature, being located on our adjacent Citadel JV Project. The other two new targets where air core drilling intersected iron oxide (exsulphide) bearing quartz veining are Frontier (anomalous Au, Cu, Ag, As, Pb, Zn and Co) and Ricochet South (anomalous Zn, Ag, Bi, Pb and Mo)
Contact:
Roger Mason
Tel: +61 (0)8 9481 1103
About Antipa Minerals
Antipa is a mineral exploration company focused on the Paterson Province in north west Western Australia, home to Newcrest Mining's world class Telfer gold copper mine, Rio Tinto's Winu copper gold deposit, Newcrest Greatland Gold's Havieron gold copper deposit and other significant mineral deposits. Having first entered the Paterson in 2011 when it was a less sought after exploration address, the Company has used its early mover advantage to build an enviable tenement holding of ~5,100km2 , including the 1,200km2 Citadel Joint Venture Project with Rio Tinto (who currently holds a 65% joint venture interest), the ~2,200km2 Wilki Project that is subject to a $60 million Farm in and Joint Venture Agreement with Newcrest (who is yet to earn a joint venture interest) and the 1,500km2 Paterson Project that is subject to a $30 million Farm in and Joint Venture Agreement with IGO (who is yet to earn a joint venture interest). Antipa retains 144km2 of 100% owned Minyari Dome Project tenements which contains an established Mineral Resource, with the Minyari and WACA deposits containing 1.8 million ounces of gold and 64,300 tonnes of copper plus other deposits and high quality exploration targets. The Citadel Project lies within 5km of the Winu deposit and contains a Mineral Resource of 2.4 million ounces of gold and 162,000 tonnes of copper from two deposits, Calibre and Magnum. Unlike certain parts of the Paterson where the post mineralisation (younger) cover can be kilometres thick, making for difficult exploration, the Company's combined 5,100km2 tenement portfolio featuresrelatively shallow cover; approximately 80% being under lessthan 80 metres of cover. Extensive drilling programmes, geophysical and surface geochemical surveys are planned for 2022 across Antipa's combined Paterson tenement portfolio as the company pursues a multi-layered strategy of targeting tier one greenfields discoveries, growing its existing resources through brownfields exploration and advancing potential development opportunities.
Forward-Looking Statements
This document may include forward looking statements. Forward looking statements include, but are not limited to, statements concerning Antipa Mineral Ltd's planned exploration programme and other statements that are not historical facts. When used in this document, the words such as 'could,' 'plan,' 'estimate,' 'expect,' 'intend,' 'may,' 'potential,' 'should,' and similar expressions are forward looking statements. Although Antipa Minerals Ltd believes that its expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward looking statements
ANTIPA MINERALS LIMITED 
