Join our daily newsletter At The Bell to receive exclusive market insights
- Copper has been interested at New World Resources’ (NWC) wholly-owned, Arizona based Antler Copper Project as deep drilling continues to expand the resource
- The aim of this drilling program was to extend the mineralisation at the Antler Deposit at depth and complete additional, relatively shallow drilling to improve plans moving forward
- Assays for two of the deepest holes include, 17.9 metres at 1.8 per cent of copper, 8.9 per cent zinc, 0.7 per cent lead, 32.3g/t of silver and 0.42g/t of gold from 918.6 metres
- Results from the intersected holes have demonstrated thick, high-grade mineralisation in the main shoot that extended over at least 100 metres of a strike at the deepest levels
- New World Resources was trading up 3.57 per cent for 8.7 cents a share
Copper has been interested at New World Resources’ (NWC) wholly-owned, Arizona based Antler Copper Project as deep drilling continues to expand the resource.
The aim of this drilling program was to extend the mineralisation at the Antler Deposit at depth and complete additional, relatively shallow drilling to improve the understanding of the mineralisation that is expected to be developed early in the mine schedule.
Assays have been received for two of the deepest holes and are as follows, 17.9 metres at 1.8 per cent of copper, 8.9 per cent zinc, 0.7 per cent lead, 32.3 grams per tonne of silver and 0.42g/t of gold from 918.6 metres.
As well as 2.8 metres at 3.1 per cent copper, 7.8 per cent zinc, 0.1 per cent lead. 13.3g/t silver and 0.05 gold from 951.9 metres.
Results from the intersected holes have demonstrated thick, very high-grade mineralisation in the main shoot that extended over at least 100 metres of a strike at the deepest levels drilled to date.
“We have had a great start to 2022, with deep drilling at Antler continuing to deliver outstanding results. Intersecting more than 21 metres of very high-grade mineralisation in each of two of the deepest holes drilled to date shows that the Main Shoot extends over a considerable strike extent at depth,” New World’s Managing Director Mike Haynes said.
There are still three diamond drill rigs active at Antler with the purpose of further expanding the resource estimate, however, assays remain pending for 16 of the holes.
Two of the three rigs are currently drilling at depth under the main and south shoots, while the third rig has commenced drilling from a recently constructed drilling pad to begin testing for the southern extension of the Antley deposit.
New World Resources was trading up 3.57 per cent for 8.7 cents a share at 12:15 am AEDT.
