Antipa Minerals (ASX:AZY) said drilling at its Minyari project in Western Australia intersected broad gold-copper-lead-silver mineralization over around 500 meters of strike, directly above a large and untested airborne electromagnetic conductor, according to a Monday Australian bourse filing.

The conductor lies around 50 meters to 100 meters beneath the extent of current drilling at the Tim's Dome deposit, the company said. The maximum 1 meter reverse circulation drilling grades returned were 6.31 grams per tonne (g/t) grade of gold, 1.3% grade of copper, 1.8% grade of lead, and 2.27 g/t grade of silver.

Meanwhile, vertical air core drilling defined a two-kilometer long gold anomaly at the AL01 target area, with areas of shallow low-grade gold mineralization. It hit an intersection of 26 meters at 0.08 g/t grade of gold and 183 parts per million of copper from 12 meters.

The company's shares shed about 1% in recent Monday trade.