Here’s why the Antipa Minerals (ASX:AZY) share price is moving higher today

A sliding gold price isn’t slowing down exploration for the yellow metal.
The post Here’s why the Antipa Minerals (ASX:AZY) share price is moving higher today appeared first on The Motley Fool Australia. –

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

Below we take a look at what’s driving investor interest in the ASX resource explorer.

What did Antipa announce?

The Antipa share price is gaining today after the company reported 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 highlighted results, one of the drill holes returned copper and gold intersections including:

28.0m at 1.63 grams per tonne of gold and 0.18% copper from 161.0 metres down hole including:

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

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

Antipa reported it has now completed 21,400 metres of Resource infill, Resource extensional and brownfield discovery in its Phase 1 drilling campaign. It’s still awaiting assays for 14,000 metres.

Commenting on the new results, Antipa’s managing director, Roger Mason said:

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

At Minyari, high‐grade gold and copper mineralisation has been intersected along 500 metres of strike, down to 600 metres below the surface and across a horizontal width of up to 275 metres, and mineralisation remains open in several directions.

Mason said the company’s Phase 2 drill program has been expanded towards resource extension targets. Those include Minyari East and “a number of high priority greenfield targets”.

These are all within 3 kilometres of Antipa’s existing Minyari and WACA resources.

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

Antipa Minerals share price snapshot

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

Year-to-date the Antipa Minerals share price is also up 23%.

The post Here’s why the Antipa Minerals (ASX:AZY) share price is moving higher today appeared first on The Motley Fool Australia.

Should you invest $1,000 in Antipa right now?

Before you consider Antipa, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Antipa wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of May 24th 2021

More reading

Why the Antipa Minerals (ASX:AZY) share price is surging today

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!