Here’s why Antipa Minerals (ASX: AZY) stock price is rising today

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the Antipa Minerals Ltd. (ASX: AZY) The stock price is up today, up 1% after posting gains of more than 4%.

Below, we take a look at what is driving investor interest in ASX Resource Explorer.

What has Antipa announced?

Antipa’s stock price is up today after the company announced more high-grade gold results at its 100% -owned Minyari Dome project in Western Australia.

The company has received assays from 11 drill holes. Among the results highlighted, one of the drill holes returned intersections of copper and gold, including:

28.0 m at 1.63 grams per tonne of gold and 0.18% copper at 161.0 meters downhole, including:

– 14.0 m at 2.67 g / t gold and 0.32% copper at 173.0 m, also comprising:

  • 0 m at 4.11 g / t gold and 0.38% copper at 176.0 m; and
  • 0 m at 7.88 g / t gold and 0.40% copper at 186.0 m

Antipa announced that it has now completed 21,400 meters of infill, resource extension and brownfield discovery during its Phase 1 drilling campaign. It is still awaiting assays for 14,000 meters.

Commenting on the new results, Antipa Managing Director Roger Mason said:

Resource definition drilling continues to intersect strong gold mineralization over wide intervals, which will support a revised resource estimate and project development studies.

At Minyari, high-grade gold and copper mineralization has been intersected 500 meters trending, up to 600 meters below surface and a horizontal width of up to 275 meters, and the mineralization remains open in several directions .

Mason said the company’s Phase 2 drilling program has been extended to resource expansion targets. These include Minyari East and “a number of entirely new high priority targets”.

These are all within 2 miles of Antipa’s existing Minyari and WACA resources.

The company currently has 3 rigs on site and expects its Phase 2 drilling program to end in October.

Antipa Minerals Share Price Snapshot

Antipa Minerals share price is up 23% in the past 12 months, largely in line with the 25% gains posted by the Index of all ordinary (ASX: XAO).

Since the start of the year, the Antipa Minerals share price is also up 23%.

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