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- New World Resources (NWC) receives further significant results from the Antler Copper Project in Arizona
- Four holes were drilled to explore the recently discovered South Shoot and test the deep and shallow portions of the Main Shoot
- Results peaked at 7.9 per cent copper, 11.2 per cent zinc, 1.4 per cent lead, 49g/t silver and 0.35g/t gold
- Two diamond rigs are currently operating at Antler and a new pad has been constructed to undertake deeper drilling
- Shares in New World are steady on the market and trading at 9.3 cents at 11:14 am AEST
New World Resources (NWC) has received further significant results from the Antler Copper Project in Arizona.
Four holes were recently drilled at the project and all intersected high-grade mineralisation.
Best results come from ANT58 where a combined 16.5 metres of high-grade mineralisation was intersected over a 25.6-metre interval.
It also intersected up to 2.4 per cent copper, 5.1 per cent zinc, 3.5 per cent lead, 104g/t silver and 0.35g/t gold.
These results continue to enhance the confidence in the continuity of the high-grade mineralisation.
Additionally, hole ANT55 was drilled in the shallower levels of Antler and intersected up to 3.3 per cent copper, 11.2 per cent zinc, 0.8 per cent lead, 29.1g/t silver and 0.15g/t gold.
Hole ANT57 was drilled to explore the recently discovered South Shoot and while it drifted from its targeted position, it still returned high-grade results.
Results include 6.7 metres at 2.7 per cent copper, 8.8 per cent zinc, 1.4 per cent lead, 49g/t silver and 0.29g/t gold from 395.3 metres; and 0.4 metres at 7.9 per cent copper, 10.2 per cent zinc, 0.2 per cent lead, 32g/t silver and 0.14g/t gold from 409.8 metres.
As the mineralisation remains completely open at depth, New World will use these results to plan deeper follow-up holes.
Assay results are pending for a further 15 holes and will be reported on in due course.
“The more we drill the more our confidence improves that we can bring the very high-grade Antler Copper Deposit into production in a timely manner to capitalise on the strong outlook for copper over the coming years,” Managing Director Mike Haynes said.
“We continue to intersect thick high-grade mineralisation with recent results continuing to confirm its vertical and lateral continuity.”
Two diamond rigs are currently operating at Antler and a new pad has been constructed to undertake deeper drilling.
Shares in New World were steady on the market and trading at 9.3 cents at 11:14 am AEST.
