On a grade-thickness basis, extensional drilling has returned 26.8m at 7% copper-equivalent in the South Shoot – the best intersection from the Project – ever!

Importantly, New World Resources (ASX:NWC) says the results from drill hole ANT94W3 increase the down dip extent of the South Shoot to greater than 900m, with mineralisation remaining completely open at depth as extensional drilling continues.

“This is very exciting, particularly as this is extensional drilling, with very-large step-outs,” NWC managing director Mike Haynes says.

“The deepest hole drilled to date to test the South Shoot, ANT94W3, has intersected almost 14 metres of true, uninterrupted, massive sulphides.

“And the drill core looks spectacular!

“Assay results have exceeded expectations – 26.8m at 7.0% copper-equivalent is an exceptional result and we can’t wait to see what we find below these recent holes.”

Breaking it down

Results were received from two intervals separated by 4m of un-mineralised material with the first being 10.8m at 2% copper, 6.7% zinc, 0.7% lead and 22.6 g/t silver as well as 0.20 g/t gold from 934m, equating to 10.8m at 4.5% copper equivalent.

The second interval hit 15.9m at 4.8% copper, 10.9% zinc, 0.85 lead, 42.6 g/t silver and 0.52 g/t gold from 948m, comprising 15.9m at 8.7% copper equivalent.

Combined, these two intervals comprise a total of 26.8m at 7% copper equivalent.

Results were also returned from hole ANT109, that intersected 4.1m at 9.0% copper-equivalent, indicating the thick, high-grade mineralisation that makes up the South Shoot may be extending to the south as well as at depth. Further drilling will be undertaken to confirm this.

Assays are pending for four completed holes, with two holes 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.