- New World Resources (NWC) identifies new high-priority exploration targets at its Antler copper project in Arizona
- The company detected the targets from soil sampling along-strike from the Antler deposit, which has never been drill tested
- It says the discovery of additional mineralisation could enhance the economics of the project, with an extended mine life and increased production rates
- New World will undertake IP surveying over the targets in the coming months, with drill-testing planned for the fourth quarter
- Shares in the company last traded at 4 cents each on July 21
New World Resources (NWC) has identified new high-priority exploration targets at its Antler copper project in Arizona.
The company detected the targets from soil sampling along-strike from the Antler deposit, which has never been drill tested.
It said the discovery of additional mineralisation could enhance the economics of the project, with an extended mine life and increased production rates.
Managing Director and CEO Mike Haynes said the new exploration targets in the area were “encouraging”.
“Geologically, where there is one VMS deposit — such as Antler — there are often two, and sometimes more, all in close proximity to each other,” he said.
“In light of this, we are very excited to have received very encouraging results from first-pass soil geochemistry sampling that covered more than six kilometres of the strike extensions of the geological sequence that hosts the Antler Deposit.”
New World said it would undertake IP surveying over the targets in the coming months, with drill-testing planned for the fourth quarter.
In the meantime, resource expansion drilling is continuing at the Antler deposit, with diamond drilling testing for depth extensions.
Shares in the company last traded at 4 cents each on July 21.