• An initial drilling program has started at Bullhorn to evaluate the high-grade VMS prospectivity
  • New World Resources believes the 400m-long coincident magnetic and IP anomalies share similar characteristics to Antler and they are hosted within the same geological sequence
  • Meanwhile, a series of undrilled 6-8 targets will be tested over the coming months

 

Special Report: New World Resources has kicked off an initial drilling program at the high priority Bullhorn target, a compelling ‘lookalike’ to the 11.4Mt Antler copper deposit, only 350m away.  

It was just a few weeks ago that New World Resources (ASX:NWC) delineated what is now known as the Bullhorn target during a drone magnetic and ground induced polarisation (IP) survey over newly acquired mineral rights immediately to the south of its flagship Antler copper deposit in Arizona, USA.

That exploration work identified a strong coincident IP chargeability/magnetic anomaly, which showed identical geological and geophysical characteristics to Antler.

An initial 3–5 hole drilling program for ~1,500-2,000m has just commenced to test the 400m anomaly, while a second drill rig continues drilling at the nearby Javelin VMS project.

 

‘Opportunity to discovery additional VMS mineralisation’

“The fact that we have commenced drilling within weeks of delineating Bullhorn is testament to the considerable potential of this target,” NWC managing director Mike Haynes says.

“The strong, coincident IP and magnetic anomalies at Bullhorn look just like those defined over Antler, which is located in the same geological sequence.

“VMS deposits typically occur in clusters so we believe Bullhorn provides us an excellent opportunity to discover additional VMS mineralisation.”

 

A series of 6-8 undrilled targets to test

Bullhorn represents just one target within a lengthy pipeline of quality prospects that NWC plans to drill test.

“We have a series of 6-8 other high-priority but as yet undrilled targets that we will begin to drill-test over the coming months,” Haynes says.

“These targets provide excellent opportunities to discover additional mineralisation that could readily be incorporated into the development plans for the Antler project, which we are advancing to production as quickly as practicable.”

 

What’s next?

Given this early-stage exploration work is designed to evaluate a sizeable target, NWC says it will not be reporting results hole by hole.

The company will report on the progress once a series of holes has been completed, and once it has a better understanding of the significance of the results.

Meanwhile, after a slow start to drilling at Javelin, NWC is now reaching daily production of 25-35m of diamond core.

Two drill holes have been completed to date, with a third hole currently in progress.

 

 

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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