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- New World Resources (NWC) has entered two consecutive trading halts while it considers, plans and executes a capital raise
- The company will remain in the halts until December 4 or when the announcement is made, whichever occurs first
- Last week, New World announced that its Antler copper project in Arizona had turned up some of the strongest results to date
- Up to 4.35 per cent copper, 5.82 per cent zinc, 3.02 per cent lead, 136.2g/t silver and 0.7g/t gold was intersected
- New World is continuing drilling with focus on the strike extensions of Antler and the depth extensions of the recent mineralisation which remains open
- Shares in New World last traded for 5.6 cents on November 27
New World Resources (NWC) has entered two consecutive trading halts while it considers, plans and executes a capital raise.
The company will remain in the halts until December 4 or when the announcement is made, whichever occurs first.
New World is yet to disclose how much it intends to raise or what it will use the money for.
Last week, New World announced that its Antler copper project in Arizona had turned up some of the strongest results to date.
Up to 4.35 per cent copper, 5.82 per cent zinc, 3.02 per cent lead, 136.2g/t silver, and 0.7g/t gold were intersected.
Additionally, an 18-metre-thick heavily mineralised interval was intersected and assay results are expected in mid to late December.
The results are continuing to confirm the continuity of the high-grade mineralisation which remains open at depth and improves at depth.
New World continues drilling with a second rig expected to arrive on-site shortly.
The company will prioritise activity along the strike extensions of Antler, which remain poorly explored, as well as the depth extensions of the recent mineralisation, which remain open.
Shares in New World last traded for 5.6 cents on November 27.
