New World keeps the deep hits coming at Antler
The hits keep coming and still New World doesn’t seem to be anywhere close to reaching the end of deep mineralisation at its Antler copper deposit.
The return of excellent assay results from two of the deepest holes ever drilled at the deposit in Arizona is a very strong indicator that further growth in the resource base is on the cards.
Drill hole ANT70W1 returned a total of 21.7m of mineralisation in three zones that include 17.9m grading 1.8% copper, 8.9% zinc, 0.7% lead, 32.3 grams per tonne (g/t) silver and 0.42g/t gold (17.9m at 4.8% copper equivalent) from a depth of 918.6m as well as 2.8m at 3.1% copper, 7.8% zinc, 0.1% lead, 13.3g/t silver and 0.05g/t gold from 951.9m.
Likewise, hole ANT77 struck 21.1m of mineralisation in three intervals topping up at 19.1m at 2.2% copper, 1.4% zinc, 1.1% lead, 50.3g/t silver and 0.73g/t gold (3% copper equivalent) from 893.4m.
New World Resources (ASX:NWC) adds that not only do the two holes demonstrate that thick, very high-grade mineralisation in the “Main Shoot” extends over at least 100m of strike at the deepest levels drilled to date, they also show that mineralisation remains completely open at depth.
“We have had a great start to 2022, with deep drilling at Antler continuing to deliver outstanding results,” managing director Mike Haynes said.
“Intersecting more than 21 metres of very high-grade mineralisation in each of two of the deepest holes drilled to date shows that the Main Shoot extends over a considerable strike extent at depth.
“This gives us further confidence that there is enormous potential to discover more mineralisation and expand the already significant maiden Mineral Resource of 7.7Mt at 3.9% copper equivalent which we announced in November last year.”
Three rigs continue to drill at Antler to further expand the resource, with assays pending for 16 completed drill holes.
Meanwhile, the company has received assays from six of up to 12 relatively shallow holes that were drilled to improve its understanding of the shallow mineralisation that is expected to be developed early in the mine schedule.
These infill holes returned significant intersections of high-grade mineralisation in several drill holes, which adds to the resource confidence.
Notable hits are 10.3m grading 0.9% copper, 1.4% zinc, 1.7% lead, 77.4g/t silver and 1.08g/t gold (2.3% copper equivalent) from 106.6m and 4.4m at 0.8% copper, 5.2% zinc, 1.3% lead, 37g/t silver and 0.16g/t gold (2.7% copper equivalent) from 91.5m.
Of the three rigs continuing to carry out resource expansion drilling at Antler, two are currently drilling at depth under the Main and South Shoots.
The third rig has started drilling from a recently constructed drilling pad to test for the southern extension of the Antler deposit.
This includes testing a 150m-long extension of a sizeable CSAMT anomaly that has recently been confirmed to be associated with high-grade mineralisation, but which is yet to be drill-tested.
New World has also started initial mining studies, which are a key step in preparing for mine permit applications.
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.