- New World Resources (NWC) has completed another two diamond holes as part of its ongoing drilling program at the Antler Copper Project in Arizona
- While assays are pending for these holes, one of the holes has intersected a 23-metre thick interval of well-mineralised massive and semi-massive sulphides
- The company has received assays from a previous hole which graded up to 3.04 per cent copper, 9.58 per cent zinc, 0.62 per cent lead, 27 grams per tonne silver and 0.22 grams per tonne gold
- The ongoing drilling program is aimed at discovering thick, high‐grade mineralisation along strike from the historical stopes at the Antler deposit
- Drilling continues, while an induced polarisation survey to refine drilling targets has commenced
- Company shares have dropped 5.41 per cent and are trading for 3.5 cents
New World Resources (NWC) has provided an update on exploration activities at the Antler Copper Project in Arizona, U.S.
The ongoing drilling program is aimed at discovering thick, high‐grade mineralisation along strike from the historical stopes at the Antler deposit. New World hopes to use the findings to ultimately expand the resource and bring the Antler Copper Mine back into production.
Since its most recent update on August 31, the company has completed another two diamond core holes.
While assays are pending for these two holes, New World is pleased that one of the holes has intersected a 23-metre thick interval of well-mineralised massive and semi-massive sulphides.
Considerable mineralisation was also intersected in the other recently completed hole, with significant sulphides logged over a number of intervals that total more than 25 metres.
The company has received assay results for a completed drill hole which intersected two well-mineralised intervals.
Latest assays include 22.5 metres at 1.72 per cent copper, 1.53 per cent zinc, 0.23 per cent lead, 13.2g/t silver and 0.13g/t gold from 353.3 metres, including 1.66 metres at 2.91 per cent copper, 3.62 per cent zinc, 0.03 per cent lead, 9.96g/t silver and 0.22g/t gold from 355.7 metres.
Additionally, the hole intersected 2.72 metres at 3.04 per cent copper, 9.58 per cent zinc, 0.03 per cent lead, 15.4g/t silver and 0.21g/t gold from 402.6 metres.
These results highlight the consistent success of the drilling program intersecting thick, high-grade mineralisation.
To help accelerate the discovery of thicker mineralised zones along strike from Antler, New World is undertaking an induced polarisation (IP) survey. This survey commenced earlier this month and final data is expected next month.
Following this, the company will conduct drilling along strike from the Antler deposit, which is being supported by an additional reverse circulation drill rig.
Company shares have dropped 5.41 per cent and are trading for 3.5 cents at 10:37 am AEST.