ASX All Ords gold stock Antipa Minerals Ltd (ASX: AZY) is sliding today.
Antipa Minerals shares closed yesterday trading for 72 cents. In morning trade on Thursday, shares are changing hands for 70 cents apiece, down 2.8%.
For some context, the All Ordinaries Index (ASX: XAO) is down 0.3% at this same time.
With today's dip factored in, shares in the ASX All Ords gold stock remain up an impressive 94.4% over 12 months.
The Aussie gold miner has been an obvious beneficiary of the surging gold price. While down from its recent record highs, gold is currently trading for US$4,965 per ounce. That sees the yellow metal up 74% in a year.
And Antipa Minerals has hardly been sitting idle.
Here's what the miner just reported.
ASX All Ords gold stock hits new copper and gold zones
Antipa Minerals shares have yet to lift after the miner announced the final batch of assay results from the 2025 drilling campaign at its Minyari Gold-Copper Project, located in Western Australia.
The ASX All Ords gold stock said the results included high-grade intersections, newly identified zones of mineralisation, several thick gold-copper-silver intersections, and a new copper discovery.
Among those high-grade results, Antipa reported intercepting 24.7 metres at 1.4 grams of gold per tonne and 0.07% copper from 39.3 metres, including 2.3 metres at 6.8 g/t gold and 0.18% copper from 39.3 metres. And the lode remains open in all directions.
Drilling at the new copper discovery, at the Yolanda prospect, intersected 44 metres at 0.07% copper from 40 metres to end-of-hole, which the miner said confirmed a 1.2-kilometre-long anomalous copper trend.
Antipa Minerals aims to incorporate the 2025 drilling results into an updated Mineral Resource Estimate (MRE) this month.
What did management say?
Commenting on the results reported by the ASX All Ords gold stock today, Antipa managing director Roger Mason said, "The final batch of CY2025 results are a tremendous way to wrap up last year's drilling program, delivering multiple new gold discoveries in close proximity to our planned Minyari development."
Mason added:
The identification of a new high-grade lode at Fiama and confirmation of a large-scale northern repeat structure strongly indicate the potential for additional Minyari style deposits to emerge close to the immediate development footprint. This reinforces the opportunity we have to materially grow the Mineral Resource base around future planned infrastructure.
On the copper front, Mason noted:
At the same time, intersecting thick copper mineralisation across a potential 1.2-kilometre open trend at Yolanda is a major breakthrough, highlighting the presence of a previously unrecognised, potentially very large scale, copper system beneath shallow cover.
Mason said that Antipa Minerals' 2026 drill program is "well advanced", with field activities set to commence this quarter.
