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MENAFN - ProactiveInvestors - Australia - 04/02/2013

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(MENAFN - ProactiveInvestors - Australia) Antipa Minerals (ASX:AZY) has confirmed the prospectivity of the Calibre deposit at its Citadel project with assay results pointing to a new major new gold-copper deposit in the Paterson Province in Western Australia.

Mineral intersection included 75.7 metres at 0.73 grams per tonne gold, 0.42% copper, 1.35g/t silver and 0.04% tungsten for gold equivalent grade of 1.59g/t.

Mineralisation is likely to improve across target zone with gold grade increasing 2.4 times and copper grade increasing 3 times between the first and second drillholes.

The two diamond drillholes at its Calibre prospect delivered 270 to 350 metre intersections of semi-continuous precious and base metal sulphide mineralisation.

The grade of mineralisation also increased significantly with depth and to the north.

The two drillholes were located at the central but upper extremities of the very large Calibre magnetic anomaly about 800 metres long by 600 metres wide by 350 metres thick identified using aeromagnetics.

Antipa Minerals owns a 1,714 square kilometres proterozoic Paterson province in Western Australia called the Citadel.

The project is located about 100 kilometres north of Newcrest's Telfer project, which on grant will extend its ground holding in the Paterson province to within 20 kilometres of Telfer.

 






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