- New World Resources (NWC) has reported significant new deep massive sulphide intercepts at its Antler Copper Deposit in Arizona, USA
- More than 17 metres of well mineralised material has been intersected in the deepest hole the company has drilled to date
- The intersection now extends the Main Shoot’s continuous, thick, high-grade mineralisation to more than 450 metres down-plunge from the historical stopes, remaining open at depth
- Follow up drilling is now in progress to continue to define the strike and depth extends of the thick, high-grade mineralisation in the Main Shoot
- Additionally, South Shoot has intersected more than 17 metres of copper and zinc-rich massive and semi-massive sulphide mineralisation
- Assays are now pending for 20 completed holes across Antler, which are expected next week
- Shares are up 7.14 per cent, trading at 6 cents
New World Resources (NWC) has reported significant new deep massive sulphide intercepts at its Antler Copper Deposit in Arizona, USA.
Recent drilling has been targeting depth extensions of thick, high-grade mineralisation that extends down-dip from historical workings, and the little-explored strike extensions of the Antler Deposit, particularly in the south.
Results from the past six to eight months at the Main Shoot include 23.3 metres at 3.48 per cent copper, 8.84 per cent zinc, 1.24 per cent lead, 64.4 g/t silver and 0.50 gold.
More than 17 metres of well mineralised material has been intersected in the deepest hole the company has drilled to date at the deposit, with final assays still pending. This intercept is located around 65 metres down dip from the 24.5 metre-thick interval of copper-zinc-rich massive sulphides intersected in the company’s previously deepest drill hole.
This intersection extends the Main Shoot’s continuous, thick, high-grade mineralisation to more than 450 metres down-plunge from the historical stopes, remaining open at depth.
Follow up drilling is now in progress to continue to define the strike and depth extends of the thick, high-grade mineralisation in the Main Shoot.
“This is another significant achievement in our exploration of the Antler Copper Deposit,” said New World Managing Director Mike Haynes.
“This bodes well for the potential to expand the resource base at Antler. And the thick, high-grade, nature of the mineralisation intersected should continue to positively impact the economics of our plans to resume mining operations in the near term.”
South Shoot has also seen plenty of action, with more than 17 metres of copper and zinc-rich massive and semi-massive sulphide mineralisation intersected. The down-dip extent of the South Shoot is now defined to be around 250 metres, while remaining completely open at depth.
Assays are now pending for 20 completed holes, which are expected next week.
Two diamond core rigs are set to continue drilling around the clock at the Antler Project, with ten reverse circulation pre-collars yet to be competed with diamond core tails.
Shares are up 7.14 per cent, trading at 6 cents at 9:30 am AEDT.