New World Resources Limited (ASX: NWC) has received further excellent assay results for the final three of six diamond core holes drilled recently as part of its maiden drilling programme at the high‐grade Antler Copper Deposit in Arizona, USA.
Multiple zones of thick, high‐grade mineralisation were intersected in all three of these holes. Significant intersections include:
- 79m @ 0.91% Cu, 4.51% Zn, 0.62% Pb, 11.9 g/t Ag and 0.06 g/t Au from 152.5m (1.79m @ 2.4% Cu equivalent); and
- 96m @ 1.30% Cu, 6.24% Zn, 0.09% Pb, 5.73 g/t Ag and 0.06 g/t Au from 157.16m (2.96m @ 3.2% Cu equivalent); and
- @ 0.84% Cu, 5.86% Zn, 1.07% Pb, 16.3 g/t Ag and 0.13 g/t Au from 175.63m (0.67m @ 2.9% Cu equivalent)
New World Managing Director, Mike Haynes, said the drilling results highlight the excellent potential at Antler.
“These terrific results round out what has been a highly successful initial phase of drilling at Antler that has well and truly exceeded our initial expectations,” Mr Haynes said.
“The 13.25m intercept in our sixth hole is the thickest zone of mineralisation ever reported from the deposit. And it’s shallow – within 100m of surface and only metres from the existing mine shaft.
“There’s obviously a lot of unmined, high‐grade mineralisation remaining and we will continue to expedite work programs aimed at determining how much of that there is.
“With drilling scheduled to resume in the first week of June and geophysical surveys and metallurgical testwork underway, we continue to advance many work streams in parallel so we can complete a Pre‐Feasibility Study by the end of 2020.”
To date, the company has completed six HQ‐sized diamond core drill holes, for a total of 1,252m, as part of its maiden drilling programme. With assay results now returned from all of these holes, numerous very encouraging signs are evident:
- Considerable unmined high‐grade mineralisation is present below and along strike from previous stopes at the Antler Mine;
- Mineable thicknesses of high‐grade mineralisation have been intersected in all holes drilled to date;
- This mineralisation has been intersected over 250m of strike and to >250m depth. It remains open in both directions along strike and at depth; and
- The 13.25m zone of mineralisation intersected in ANTDD202006 (13.25m @ 3.45% Cu, 5.20% Zn, 0.36% Pb, 25.0 g/t Ag and 0.41 g/t Au) is the thickest zone of mineralisation ever reported from the Antler Deposit (including from the 71 historical drill holes).
Mr Haynes said the company’s immediate objective remains to delineate a JORC Code Resource estimate that can be utilised in initial mining studies.