New World Resources Limited (ASX:NWC) has significantly extended the known mineralisation with new assay results from 11 exploration drill holes completed recently at its 100%-owned Antler Copper Deposit in northern Arizona, USA.
Drilling to Test for the Depth Extensions of the Main Shoot Assay results have been received from two holes drilled to test the depth extensions of the Main Shoot.
For many months the company’s approach to drilling deep holes has been to initially drill a parent hole, usually to the south of the preferred target area, before drilling additional “wedge” holes from the parent hole (by using directional drilling) to test surrounding areas.
For logistical reasons, the “wedges” often (but don’t always) target areas to the north of the parent hole. In the most recent drilling in the Main Shoot, parent hole ANT94A itself intersected very high-grade mineralisation between the Main and South Shoots, including:
• 3.8m @ 4.6% Cu, 8.0% Zn, 0.7% Pb, 40.9 g/t Ag and 0.27 g/t Au from 946.2m (3.8m @ 7.4% Cu-equivalent)
This is the second-deepest hole yet completed at the Project. Assay results have also been returned from the first wedge drilled from parent hole ANT94A – namely ANT94AW1. This hole intersected 18.2 metres of high-grade mineralisation within the Main Shoot.
Assay results include:
• 18.2m @ 2.0% Cu, 3.4% Zn, 0.9% Pb, 30.8 g/t Ag and 0.20 g/t Au from 987.8m (18.2m @ 3.4% Cu-equivalent); and ANT94AW1 is the deepest hole completed at the Project to date.
The mineralisation intersected in ANT94AW1 is located approximately 80 metres down-dip from the previous deepest hole in the Main Shoot (ANT81W1 – which itself intersected 10.2m @ 3.8% Cu, 6.5% Zn, 0.5% Pb, 31.0 g/t Ag and 0.31 g/t Au, or 10.2m @ 6.2% Cu-equivalent).
The mineralisation in Main Shoot has now been demonstrated to extend continuously down-dip over at least 900 metres from where it outcrops at surface. Encouragingly, the mineralisation remains completely open at depth, which means that further extensional drilling is warranted.
Drilling to Test for the Depth Extensions of the South Shoot Assay results have been returned from three holes that were drilled recently to test the down-dip extension of the South Shoot – another structurally controlled zone of thicker high-grade mineralisation located immediately south of the historical workings at the Antler Deposit.
Parent hole ANT91 intersected a fault zone at its target depth. Two “wedges” were subsequently drilled from that parent hole. These holes (ANT91W1 and ANT91W2) both intersected very high-grade mineralisation more than 250m down-dip from the deepest previous holes in the South Shoot.
“We are very pleased that we continue to find a lot more mineralisation during our ongoing exploration drilling at Antler. And just as pleasing is that the grades continue to be very high,” Managing Director and CEO, Mike Haynes, said.
“We’ve extended the Main Shoot by at least another 80 metres – so it now has more than 900 metres of continuous, down-dip extent – and the South Shoot by more than 250 metres, to more than 700 metres of dip extent. That should have a materially positive impact on the Mineral Resource base. And mineralisation remains completely open at depth.
“The potential value of discovering additional mineralisation was clearly demonstrated when we published the results of our Scoping Study earlier this week.
“Delivering further growth in the Mineral Resource base therefore continues to be a very high-priority for the company, as it can only make the Project’s potential economics look even more attractive.”
For further information please visit: https://newworldres.com/
