New World is stoked to have received one of the best copper intersections to date at the Antler copper deposit in Arizona. 

And it is not hard to see why, given the result of 25.4m grading 3.13 per cent copper, 8.91 per cent zinc, 0.27 per cent lead, 19.6 grams per tonne (g/t) silver and 0.26g/t gold (5.2 per cent copper equivalent) from a depth of 559.2m that was returned from one of the deepest holes drilled so far at the Main Shoot.

Importantly, hole ANTDD202144 continues to demonstrate that the grade and thickness of mineralisation improves as it drills deeper below historical workings.

This has led New World Resources’ (ASX:NWC) managing director Mike Haynes to describe ANTDD202144 as one of the best holes that the company has drilled to date at Antler in value terms.

As if that wasn’t enough, drilling at the project has also discovered a new zone of thick, high-grade mineralisation at the northern end of the main shoot, which demonstrates the potential to discover additional mineralisation at Antler.

This was highlighted by assays such as 6.8m at 4.08 per cent copper, 3.77 per cent zinc, 0.37 per cent lead, 19.1g/t silver and 0.34g/t gold (4.8 per cent copper equivalent) from 271.7m in drillhole ANTDD202032.

“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,” Haynes added.

“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.”

Assays are pending for a further 13 completed drill holes while two rigs continue to drill at the project with seven reverse circulation collars yet to be completed with diamond core tails.

new world resources copper antler section
Long section through the Antler Deposit showing the location of the company’s drill holes (gold, orange and green) with historical underground workings, historical drilling and selected significant intersections in previous drilling (white text boxes). Pic: Supplied

Drill results

The thick, high-grade mineralisation intersected in ANTDD202144 is about 550m down-plunge from the mineralisation that outcrops at surface and about 400m down-plunge from historical stopes.

Notably, it confirms that substantial thick high-grade mineralisation remains unmined at the Antler project.

The new zone of mineralisation intersected in ANTDD202032 is located immediately along strike from an area of mineralisation that was drilled in detail from underground (but remains unmined) in 1969 and 1970.

 

 

This article was developed in collaboration with New World Resources, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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