New World Resources Limited (ASX: NWC) has announced new thick, high-grade assay results from four recently completed drill-holes at the Antler Copper Project in Arizona, USA, including one of the best intersections returned from the Project to date.
NWC reported that recent drilling returned one of the best intersections to date at the Antler Copper Deposit of 25.4m @ 3.13% Cu, 8.91% Zn, 0.27% Pb, 19.6 g/t Ag and 0.26 g/t Au (25.4m @ 5.2% Cu equivalent) in ANTDD202144, one of the deepest holes drilled so far in the “Main Shoot”.
The company said that a new zone of thick, high-grade mineralisation was also discovered at the northern end of the “Main Shoot”.
New World said that assays are pending for 13 additional completed drill holes, with these results expected over the coming weeks. The company said that two rigs continue drilling at the Antler Project, with 7 RC pre-collars yet to be completed with diamond core tails.
Drilling at Antler project
The company had recently commenced drilling at the Antler Copper Project in Arizona. NWC has now reported the assay results from four recently completed drill-holes at the Antler Copper Project – ANTDD202032, ANTDD202138, ANTDD202139, and ANTDD202144.
High-grade results
New World has reported new thick, high-grade results, including from one of the deepest holes yet drilled at the Antler project.
ANTDD202144
The company said that the drill hole ANTDD202144, one of the deepest holes drilled to date in the Main Shoot, delivered one of the best intersections returned from the Project to date, of 25.4m @ 3.13% Cu, 8.91% Zn, 0.27% Pb, 19.6 g/t Ag and 0.26 g/t Au from 559.2m (25.4m @ 5.2% Cu equivalent).
NWC said that the mineralisation intersected in ANTDD202144 is approximately 550m down-plunge from the mineralisation that outcrops at surface at the Antler Deposit, and approximately 400m down-plunge from the historical stopes. The company said that it confirms that substantial thick high-grade mineralisation remains unmined at the Antler Project.
ANTDD202032
New World said that the recent drilling has confirmed an extension of the thick high-grade mineralisation at the northern end of the Antler Deposit.
Assay results from ANTDD202032 included 6.8m @ 4.08% Cu, 3.77% Zn, 0.37% Pb, 19.1 g/t Ag and 0.34 g/t Au from 271.7m (6.8m @ 4.8% Cu equivalent).
The company said that this mineralisation is located immediately along strike from an area of mineralisation that was drilled in detail from underground (but remains unmined) in 1969 and 1970. NWC said that these intersections provide further evidence that there is considerable potential to discover additional mineralisation at the Antler Project.
ANTDD202138, ANTDD202139
The company also reported assay results for drill holes ANTDD202138 and ANTDD202139. NWC said that both holes intersected multiple intervals of high-grade mineralisation, albeit these intervals are thinner than those in many surrounding holes.
New World said that the results from these drill holes continue to help the company understand the variability of mineralisation at the Antler Project, and, importantly, help define where thicker extensions of high-grade mineralisation are likely to be present.
Significant intercepts in drill holes ANTDD202032, ANTDD202138, ANTDD202139, and ANTDD202144 completed recently at the Antler Copper Project are as shown below.
Updates and next steps
NWC reported 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 said that seven RC pre-collars which have been drilled in advance of completion, through target zones, with diamond core drilling. NWC said that the completion of these holes is being prioritised, in conjunction with drilling new diamond core holes from surface to test new targets arising from the ongoing drilling and other exploration activities.
Management comments
New World Managing Director, Mike Haynes, said: “ANTDD202144 is one of the best holes we have drilled to date at Antler in value terms. Importantly, it’s also one of the deepest holes we have drilled – and continues to demonstrate improving grade and particularly thickness of the mineralisation as we drill deeper below the historic workings.
We are also continuing to discover additional thick, high-grade mineralisation with exploratory drilling along strike from the Main Shoot, which continues to expand and add confidence to the resource base.
With drilling consistently delivering substantial thicknesses of very high-grade mineralisation at Antler, the project is continuing to emerge as one of the highest-grade undeveloped copper deposits globally and a very real near-term development proposition.”
*Image Source: New World Resources Limited