The Company's North Telfer Project is located in the Paterson Province of Western Australia and approximately 20km north of Newcrest's giant Telfer gold-copper silver mine.
The Minyari Dome, which forms part of the North Telfer Project, includes the Minyari and WACA gold copper-cobalt deposits and Mineral Resources, and provides the Company with an immediate exploration and future development opportunities.
Key metrics of the Minyari Deposit include: High-grade gold with copper and cobalt; Mineralisation commences 0 to 10 metres from the surface and extends down for more than 580 vertical metres; +420m strike length; Up to 60m in width and Remains open down dip and potentially along strike.
Key metrics of the WACA Deposit include: Located only 700m southwest of the Minyari deposit; High-grade gold with copper (and minor cobalt); Mineralisation commences 0 to 20 metres from the surface and extends down for more than 340 vertical metres; +650m strike length; Lodes occur within a corridor up to 50m in width and Remain open down dip and potentially along strike, including high-grade gold shoots.
The Company engaged consultants Optiro Pty Ltd to complete an independent Mineral Resource estimate and subsequent reporting, in accordance with the 2012 JORC Code, for the Minyari and WACA deposits. Both deposits are potentially amenable to open pit and underground mining methods. The North Telfer Project is 100% owned by Antipa and subject only to a 1% net smelter royalty payable on the sale of product. The North Telfer Project, including the Minyari and WACA deposits, are not subject to the Citadel Project Farm-in Agreement with Rio Tinto (refer below).
Paterson Project (including Tim's Dome and Chicken Ranch)
The Company's Paterson Project is located in the southern part of the Paterson Province and come to within 3km of the Telfer mine and 5km of the O'Callaghans deposit. This tenure includes highly prospective areas around the Telfer Dome (including the Chicken Ranch area and Tim's Dome deposit), the domal structure upon which the Telfer gold-copper-silver open pit, underground mines and mineral processing facility are situated.
Key metrics of Chicken Ranch include: Mineralisation commences 0 to 10 metres from the surface and extends down for more than 130 vertical metres; +1.1km strike length; Main zone consists of two or more northwest trending zones of mineralisation within a corridor up to 70m in width; Several additional northwestern trending mineralisation zones to the east and west of the main zone; Up to 60m in width; Remains open down dip and along 1.1km strike and Located just 15km northeast of Newcrest's Telfer mine and 25km south of the Company's high-grade Minyari and WACA gold deposits.
Key metrics of Tim's Dome include: Gold +/- copper mineralisation commences within 1 metre from the surface; Mineralised corridor up to 200m in width; +3.2 km strike length; Along strike and interpreted to be on the same geological structure as Newcrest's Telfer mine, which is just 12km away and 35km south of the Company's high-grade Minyari and WACA gold deposits.
The Paterson Project is 100% owned by Antipa and subject only to a 1% net smelter royalty payable on the sale of product from some, but not all, tenements. The Paterson Project, including Tim's Dome and Chicken Ranch, is not subject to the Citadel Project Farm-in Agreement with Rio Tinto (refer to below). The Company engaged consultant Ashmore Advisory Pty Ltd (Ashmore) to complete an independent Mineral Resource estimate and subsequent reporting, in accordance with the JORC 2012 code, for the Chicken Ranch area and Tim's Dome deposits.
The Chicken Ranch area and Tim's Dome deposit Mineral Resources have boosted the Company's 100% resource to 827,000 ounces of gold and combined with a strategy to convert several additional satellite brownfield targets to resource status in the coming year provide further support to the Company's development aspirations. Antipa's ability to continue to deliver resource growth in addition to greenfield discoveries is well supported by the current cash position that allows a continuation of the aggressive Paterson Province dual strategy to simultaneously target both resource extensions and new discoveries.
2019 North Telfer and Paterson Projects Exploration Programme
During the Quarter, the Company completed Phase 2 of its extensive 2019 Paterson Province Exploration Programme. Recent greenfield exploration drilling activities have continued to deliver success with the discovery of further new gold-copper and silver-copper-lead-zinc-gold mineral systems, confirming the highly prospective nature of the Company's tenure. Recently completed large scale geophysical surveys have identified multiple exciting new targets under shallow cover within the El Paso Structural Corridor.
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 mine, Rio Tinto's recent Winu copper discovery 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 approximately 5,660km2, including the 1,330km2 Citadel Project that is subject to a Farm-in and Joint Venture Agreement with Rio Tinto. Under the terms of the Farm-in and Joint Venture Agreement, Rio Tinto can fund up to $60 million of exploration expenditure to earn up to a 75% interest in Antipa's Citadel Project. Unlike certain parts of the Paterson where cover can extend to kilometres, making for difficult exploration, the Company's tenements feature relatively shallow cover: approximately 80% are under less than 80 metres. The Citadel Project lies within 5km of the Winu discovery and contains a Mineral Resource of 1.64 million ounces of gold and 128,000 tonnes of copper spread across two deposits, Calibre and Magnum. The Company has also established a Mineral Resource on its 100%-owned tenements, known as the North Telfer and Paterson Projects, with the Minyari, WACA, Tim's Dome and Chicken Ranch deposits containing 827,000 ounces of gold and 26,000 tonnes of copper. Extensive drilling is planned for 2019 across Antipa's Paterson tenements as the company pursues a dual strategy of targeting tier-one greenfields discoveries and growing its existing resources through brownfields exploration.
ANTIPA MINERALS LIMITED 
