New World Resources (ASX: NWC) has reported significant new high-grade assay results from eight recently completed drill holes at the Main and South Shoots within the Antler Copper Project in Arizona, USA.
Standout results from South Shoot included 17.1m @ 3.3% Cu, 9.5% Zn, 1.2% Pb, 34.8g/t Ag and 0.16g/t Au from 396.2m, while Main Shoot delivered high-grade intercepts including 14.3m @ 2.3% Cu, 6.8% Zn, 0.3% Pb, 22.4g/t Ag and 0.28g/t Au from 614.0m.
NWC said that the new assay results provide further confirmation that thick, very high-grade mineralisation is widespread at the Antler Deposit; the grade and thickness of the mineralisation in both the Main and South Shoots are improving with depth; and mineralisation remains completely open at depth.
The company said that assays are pending for 13 additional completed drill holes. NWC reported that two rigs continue drilling at the Antler Project, with the Company seeking a third rig.
Drilling at Antler copper project
The company had recently commenced drilling at the Antler Copper Project in Arizona, USA. NWC has now reported significant new high-grade assay results from eight recently completed drill holes.
The results included further positive assays from multiple holes in the recently discovered “South Shoot”, which remains completely open at depth, as well as thick, high-grade intercepts in the “Main Shoot”.
High-grade drill results
The company said that high-grade assay results were received for two holes (ANT43, ANT53) drilled recently in the “Main Shoot”, down plunge from the historical stopes at the Antler Project; as well as for six holes (ANT40, ANT45, ANT46, ANT47, ANT48, and ANT56) drilled in and around the recently discovered “South Shoot”.
Main Shoot
NWC noted that hole ANT53, the deepest hole drilled by the Company at the Antler Project to date, intersected mineralisation in the “Main Shoot” approximately 465m down-plunge from the deepest historical stopes at the project.
Significant results from Main Shoot included 14.3m @ 2.3% Cu, 6.8% Zn, 0.3% Pb, 22.4g/t Ag and 0.28g/t Au from 614.0m, and 5.0m @ 2.2% Cu, 2.9% Zn, 0.1% Pb, 10.8g/t Ag and 0.27g/t Au from 639.3m in ANT53; and 5.6m @ 1.7% Cu, 5.6% Zn, 3.6% Pb, 86.8g/t Ag and 0.22g/t Au from 325.3m, and 1.8m @ 3.1% Cu, 10.7% Zn, 1.6% Pb, 42.4g/t Ag and 0.30g/t Au from 335.8m in ANT43.
South Shoot
Significant intersections from South Shoot included 17.1m @ 3.3% Cu, 9.5% Zn, 1.2% Pb, 34.8g/t Ag and 0.16g/t Au from 396.2m in ANT56; 1.6m @ 5.3% Cu, 6.2% Zn, 1.9% Pb, 74.2g/t Ag and 0.38g/t Au from 273.3m, and 11.1m @ 4.4% Cu, 9.7% Zn, 0.5% Pb, 29.6g/t Ag and 0.26g/t Au from 289.9m in ANT47; 2.5m @ 6.2% Cu, 7.4% Zn, 1.5% Pb, 59.6g/t Ag and 0.41g/t Au from 264.1m, and 1.6m @ 8.0% Cu, 13.1% Zn, 2.2% Pb, 82.2g/t Ag and 0.17g/t Au from 270.1m in ANT48.
The company reported that the down-dip extent of the South Shoot has now been increased to around 300m. It remains completely open at depth, with the thickness of the mineralisation appearing to improve with depth.
Significant intercepts in drill holes ANT40, ANT43, ANT45-48, ANT53, and ANT56 completed recently at the Antler Copper Project are as shown below.
Next steps
The company said that with mineralisation remaining completely open at depth in both the Main and South Shoots, and with some of the best results returned from the deeper holes drilled in both these shoots, further drilling to delineate their depth extensions is certainly warranted and is being scheduled.
NWC said that assay results are currently pending for a further 13 completed drill holes. The company said that two diamond core rigs continue operating at the Antler Project. The Company reported that it is currently seeking to secure the services of a third drilling rig to help expedite the development of the project.
New World said that it intends to calculate a maiden JORC Resource estimate for the project in the coming months, which will be used for mine design studies and to apply for mine permits. The company said that further infill and extensional drilling are expected to be undertaken thereafter.
“our latest assays have confirmed that substantial thicknesses of very high-grade mineralisation are present in the recently discovered South Shoot”
Management comments
New World’s Managing Director Mike Haynes said: “It is very pleasing that our latest assays have confirmed that substantial thicknesses of very high-grade mineralisation are present in the recently discovered South Shoot at the Antler Copper Project.
And impressive assays continue to be returned from the Main Shoot – including from the deepest hole the Company has drilled to date – which has intersected more than 19m of high-grade mineralisation approximately 465m down-plunge from the historical stopes.
These exceptional grades and thicknesses should enhance the economics of developing the Project. With mineralisation remaining open at depth in both the Main and South Shoots, and with the very high-grade mineralisation appearing to thicken with depth in both shoots, the exploration potential remains compelling. Accordingly, we are seeking a third drilling rig to help expedite the development of the project.”
Image Source: New World Resources