New World Resources Limited (ASX: NWC) has achieved significant new high-grade drilling results from its flagship Antler Copper Projectin Arizona, USA.
Managing Director, Michael Haynes, said the latest drilling success comes at a time when the company is continuing to ramp-up exploration and development activities at Antler.
It’s exciting to start 2021 with some excellent new high-grade drilling results from the Antler Copper Project,” Mr Haynes said.
“The new results include a 22m-thick, high-grade intercept from the first hole drilled to test the southern strike extension of the deposit in a previously undrilled area – an exciting result that bodes well for the continued growth of the deposit.
“Assays are pending for a further eight completed holes, three drill rigs are operating on site, including drilling from a new pad that has been prepared to test down-dip extensions of the deposit, below the thick, very high-grade shoot we discovered late last year.
“We have plenty of work in progress as we close-in on a maiden Resource estimate.”
The latest batch of assays from Antler include results for drill-hole ANTDD202026 – which was the first hole drilled to begin testing the southern extension of the Antler Deposit where, despite mineralisation outcropping over 750m of strike, most previous drilling has been concentrated along an area of just 200m at the northern end of the Deposit.
Several intervals of higher-grade mineralisation were intersected within a 22.4m-thick, well mineralised interval in ANTDD202026, with significant results including:
- 22.4m @ 1.13% Cu, 4.08% Zn, 0.42% Pb and 18.6 g/t Ag from 290.96m; including 8.6m @ 2.28% Cu, 3.93% Zn, 0.79% Pb and 33.8 g/t Ag from 296.57m; and
- 5.4m @ 0.88% Cu, 9.67% Zn, 0.07% Pb and 5.9 g/t Ag from 307.9m.
Mr Haynes said the presence of thick, high-grade mineralisation in ANTDD202026 is very promising, as it confirms the potential to substantially expand the resource base by discovering more thick mineralisation along strike from the historical workings at the Antler Deposit, in addition to the ongoing resource expansion drilling the Company has been undertaking as it extends the thick, high-grade mineralisation at depth, below the historical workings.
Recently received assay results have also confirmed the presence of substantial high-grade mineralisation in drill hole ANTDD202022, which was drilled in a poorly tested portion of the main thick-high grade shoot of mineralisation approximately 290m below surface at the northern end of the Antler Deposit.
Significant results from ANTDD202022 include: 6.25m @ 3.03% Cu, 9.40% Zn, 0.92% Pb, 35.0 g/t Ag and 0.29 g/t Au from 300.2m.
The company has also received assay results for drill hole ANTDD202024, which intersected several thin intervals of high-grade mineralisation, namely:
- 0.9m @ 0.74% Cu, 15.1% Zn, 2.99% Pb and 80.9 g/t Ag from 309.69m; and
- 0.8m @ 1.57% Cu, 6.36% Zn, 0.67% Pb, 25.6 g/t Ag and 0.14 g/t Au from 356.83m.