- New World Resources (NWC) drills deepest hole on record at the Antler Copper Deposit in Arizona, US
- NWC has intersected 43.5 metres of high-grade mineralisation in three intervals in drill hole ANT70.
- The company hit a 12.7-metre intersection at 0.6 per cent copper, 1.7 per cent zinc, 1.2 per cent lead, 56.3g/t silver and 1.24g/t gold from 869 metres
- New World says the latest results provide strong evidence the Antler deposit is improving with depth
- NWR shares are up 4.11 per cent in the green trading at 7.6 cents
New World Resources (NWC) has drilled its deepest hole on record at the Antler Copper Deposit in Arizona, with 43 metres of high-grade mineralisation uncovered.
The company said the recent assay results demonstrates significant potential for growth of the recently announced JORC mineral resource estimate.
A combined total of 43.5 metres of mineralisation was intersected in three intervals in drill hole ANT70. The company struck a 12.7-metre intersection at 0.6 per cent copper, 1.7 per cent zinc, 1.2 per cent lead, 56.3 grams of silver per tonne (g/t) and 1.24g/t gold from 869 metres.
The intercepts in ANT70 are located approximately 60 metres down-dip from the mineralisation intersected in the company’s previous deepest drill hole, ANT53.
NWR also received assay results from ANT71 and ANT72, with narrow intervals of high-grade mineralisation intersected in both drill holes.
New World Resources Managing Director Michael Haynes said the latest assay results provide strong evidence the Antler Deposit is improving with depth.
“Intersecting the thickest mineralisation ever reported some 60 metres down-dip from our previous deepest hole, is a fantastic achievement by our US-based team.” Mr Haynes said.
“These results are expected to add more tonnes to an already very impressive maiden JORC resource at Antler, hence the economics of developing the project are likely to be even better.”
Three drilling rigs continue to operate at the Antler project, with assays currently pending for a further 17 completed holes.
New World Resources shares were 4.11 per cent in the green, trading at 7.6 cents at 2:38 pm AEDT.