Pic: Bloomberg Creative / Bloomberg Creative Photos via Getty Images
Mining
Special Report: Drilling at New World’s Antler deposit indicates that not only does high-grade copper mineralisation go down a long way, it seems to improve as it does.
This is clearly highlighted by the latest hole, which intersected more than 28m of high-grade mineralisation that starts from 2.3m at 0.35 per cent copper, 3.88 per cent zinc, 3.02 per cent lead, 136.2 grams per tonne (g/t) silver and 0.7g/t gold (3.5 per cent copper equivalent) from a depth of 448.3m.
Mineralisation in the same hole than improves to a thicker 23.1m zone grading 2.56 per cent copper, 5.57 per cent zinc along with lead, silver and gold (4.5 per cent copper equivalent) from 456.3m before culminating in 3.4m intersection at 4.35 per cent copper, 5.82 per cent zinc and other metals (6.2 per cent copper equivalent) from 484.8m.
Adding interest, New World Resources’ (ASX:NWC) most recently completed follow-up drill hole has also intersected a +18m interval that is heavily-mineralised.
Managing director Michael Haynes noted that ongoing drilling at Antler continues to both deliver outstanding assay results and intersect thick new zones of mineralisation as it steps out and moves progressively further down-dip.
“We are rapidly delineating a substantial and coherent thick zone of high-grade mineralisation that now extends a long way – more than 350 metres – down-dip from the historical workings,” he added.
“Our most recent assays have confirmed more than 28 metres of high-grade mineralisation in one hole, with more than 18 metres of strongly mineralised material also intersected in our most recently completed follow-up hole, with assays pending.
“These are two of our deepest holes to date – and the mineralisation seems to be getting better and better with depth. This gives us confidence that, as we continue to drill, we will continue to discover more mineralisation.”
Drilling is ongoing at the Antler deposit with New World recently completing four reverse circulation pre-collars that are now being systematically completed with diamond core tails.
While just one diamond core rig will operate at the project throughout the US Thanksgiving holiday weekend, it will be joined shortly by a second diamond rig and a RC rig.
The company is prioritising depth extensions of the very thick, high-grade mineralisation that has recently been determined to extend at least 300m down-dip from the historical workings, which remains completely open at depth.
Holes will also be drilled on the poorly explored strike extensions of the Antler Deposit, particularly to the south, where strong induced polarisation and magnetic anomalies coincide with outcropping mineralisation that has been mapped to extend over more than 750m of strike.
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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