HighlightsAt Red Chris, drilling continues to expand the higher grade mineralisation intersected at East Ridge and in the Main Zone:At East Ridge, the new discovery adjacent to the East Zone, drilling
Newcrest Mining Limited - Quarterly Exploration Report for the Three Months Ended 31 March 2021
Highlights
At Red Chris, drilling continues to expand the higher grade mineralisation intersected at East Ridge and at Main Zone:
At East Ridge, drilling continues to demonstrate the continuity of higher grade mineralisation with RC684, returning a partial intercept of 238m @ 0.45g/t Au & 0.52% Cu from 814m, incl. 90m
@ 0.85g/t Au & 0.85% Cu from 962m. This hole is 100m down dip from RC678^^ which returned 198m @ 0.89g/t Au & 0.83% Cu from 800m, including 76m @ 1.8g/t Au and 1.5% Cu from 908m.
East Ridge is located 300m east of the East Zone (outside of Newcrest s Red Chris Mineral Resource estimate) with mineralisation open in all directions.
Investment in Antipa Minerals
Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that it has subscribed for 7,142,860 new ordinary shares in Antipa Minerals Limited (ASX:AZY) (“Antipa”) at an issue price of per share for a total consideration of approximately (c.£166,176).
A$0.042
A$300,000
The investment forms part of an institutional placement by Antipa of approximately and a Share Purchase Plan of up to (the “SPP”), resulting in a total capital raise of up to . The placement was met with strong demand from international and domestic institutions together with sophisticated and professional investors. Newcrest Limited, Antipa’s largest shareholder, committed to approximately to maintain its pro-rata shareholding at 9.9% and IGO Limited who subscribed for approximately to maintain its shareholding at 4.9%.
Investment in Antipa Minerals
Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that it has subscribed for 7,142,860 new ordinary shares in Antipa Minerals Limited (ASX:AZY) (“Antipa”) at an issue price of A$0.042 per share for a total consideration of approximately A$300,000 (c.£166,176).
The investment forms part of an institutional placement by Antipa of approximately A$22million and a Share Purchase Plan of up to A$3 million (the “SPP”), resulting in a total capital raise of up to A$25 million. The placement was met with strong demand from international and domestic institutions together with sophisticated and professional investors. Newcrest Limited, Antipa’s largest shareholder, committed to approximately A$2.4 million to maintain its pro-rata shareholding at 9.9% and IGO Limited who subscribed for approximately A$1.2 million to maintain its shareholding at 4.9%.
Highlights At Red Chris, new zones of higher grade mineralisation intersected at East Ridge and south of the South Boundary Fault:At East Ridge, hole RC678, returned 198m @ 0.89gt Au & 0.83% Cu from 800m, including 76m @ 1.8gt Au and 1.5% Cu from 908m. East Ridge is located 300m east of East Zone and the new intercept is open in all directions. Drilling at East Zone has intersected higher grade mineralisation south …
Highlights
At Red Chris, new zones of higher grade mineralisation intersected at East Ridge and south of the South Boundary Fault:
At East Ridge, hole RC678, returned 198m @ 0.89g/t Au & 0.83% Cu from 800m, including 76m @ 1.8g/t Au and 1.5% Cu from 908m. East Ridge is located 300m east of East Zone and the new intercept is open in all directions.